Newmark is pleased to announce that it has recently completed two new leases to MAPFRE Insurance and Legacy Financial Advisors, Inc. at Westborough Office Park in Westborough, Massachusetts.
Newmark’s Tyler McGrail, associate director, represented MAPRE Insurance in leasing 5,500 square feet at 2000 West Park Drive. This new space within Westborough Office Park will serve as a new location for the firm and will service its legal division.
In addition, Newmark’s Conor Helfrich, associate, represented Legacy Financial Advisors, Inc. in leasing 4,500 square feet at 1500 West Park Drive. Legacy Financial Advisors is relocating from 2000 West Park Drive, another building within Westborough Office Park. This new location will serve as the firm’s corporate headquarters.
“We utilized the services of Newmark to search and acquire new space for our growing business,” said Legacy’s President, Paul Mauro. “As we have been in business since 1974, our firm has experienced the lease negotiation and relocation process quite a few times. Conor worked with Linda Mauro and Cathy Tharp of Legacy to select and design the perfect space to welcome clients of the firm. As company President, I really appreciated the limited amount of time I had to spend on this move, since my focus is managing the financial affairs of our clientele. I’m sure our clients will appreciate the new space and the fact that I could remain focused on our core business.”
“Both tenants selected Westborough Office Park for its ideal location at the intersection of Interstate 495 and Route 9, along with its campus setting and first-class amenities,” said McGrail.
“It was a pleasure assisting MAPFRE and Legacy with their real estate needs. We ran a thorough process and it was apparent that Westborough Office Park was the perfect home for both companies,” added Helfrich.
Westborough Office Park is owned by Carruth Capital and leased by CBRE/New England.
About MAPFRE Insurance
MAPFRE Insurance, rated “A” (Excellent) by A.M. Best Company, serves policyholders in 19 states across the United States through a network of more than 5,000 independent agents and brokers. MAPFRE Insurance is the 19th largest provider of personal automobile insurance and the 20th largest personal lines insurer in the United States. MAPFRE Insurance is also the largest private passenger automobile insurer, homeowners’ insurer and commercial automobile insurer in Massachusetts. MAPFRE Insurance provides a full range of insurance products, including coverage for automobiles, homes, motorcycles, watercraft and business. MAPFRE Insurance is part of the MAPFRE Group.
MAPFRE is a global insurance company with a worldwide presence. It is the benchmark insurer in the Spanish market and the largest Spanish multinational insurance group in the world. The company is the main multinational insurer in Latin America and is among the Top 5 largest Non-Life European insurers by premium volume. MAPFRE employs more than 36,000 professionals globally and in 2017 MAPFRE’s revenues surpassed $34 billion, and net earnings were above $850 million.
About Legacy Financial Advisors, Inc.
Legacy Financial Advisors, Inc. is a comprehensive Wealth Management firm established in 1974 by Paul J. Mauro and Linda Mauro of Bolton, Massachusetts. Legacy provides risk management, investment, tax planning, cash flow and estate planning services to their clientele.
Legacy manages client relationships in numerous states with a home base in Massachusetts. As a multi-generational firm Legacy has advisors in the Baby Boom Generation, X-generation, Y Generation and millennials.
Legacy is committed to the servicing of their clients’ needs as they navigate the accumulation and distribution of wealth through all the phases of family financial planning.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.