May 27, 2021 9:00 AM
Newmark Knight Frank (“Newmark”) announces 73,392 square feet of new office leases signed at Arlington Gateway to anchor tenants Northwestern Mutual (33,874 square feet), AssuredPartners (19,920 square feet) and First Merchants Bank (19,598 square feet). Arlington Gateway–the over 390,000-square-foot, mixed-use development featuring 134,396 square feet of Class A office, over 27,000 square feet of on-site retail, 225 multifamily units and an 869-space covered parking garage–will deliver in August of 2023. Over 61,000 square feet of office space is still available for lease.
Newmark Executive Managing Director Wayne Harer, CCIM, SIOR and Director Cory Kooperman, CCIM and Kohr Royer Griffith President John Royer represent the landlord, developer and builder Continental Real Estate Companies, in project leasing. Huntington Bancshares Incorporated is the primary lender for the Arlington Gateway project. CBRE’s Kirk Smith and Paul Tingley represented Northwestern Mutual and Dave McKee and Paul Tingley represented AssuredPartners in the lease transactions.
“Our significant growth and business evolution dictated our company’s need for a larger, consolidated environment that would allow our financial professionals to best serve clients,” said Troy Kemelgor, Managing Partner at Northwestern Mutual. “Fostering a positive workplace culture has always been paramount to us, as evidenced by the fact that we’ve been recognized as one of Columbus CEO Magazine’s Top Workplaces by for five consecutive years. We are thrilled to be an anchor tenant at Arlington Gateway, a unique, first-class endeavor that perfectly accommodates our current needs as well as future growth.”
“We are truly excited and committed to the Arlington Gateway Project as we feel this space will offer our team a refreshed work environment in a fantastic location. We are pleased to partner with the Continental Real Estate team who have helped us along this journey. We are confident that this move will afford AssuredPartners and our clients an extraordinary workspace while also supporting an exciting new addition to the Upper Arlington community,” stated AssuredPartners Agency President Mark Coleman.
Established in 1893, First Merchants is one of the Midwest’s legacy financial institutions and has been ranked in the top 15 of “America’s Best Banks” by Forbes for the past four years. “First Merchants is proud to serve as an economic driver in Columbus and surrounding communities,” said Jennifer Griffith, President of First Merchants’ Ohio region. “For the past several years, our company has been investing in a vision for a banking delivery transformation that will serve as a catalyst for First Merchants’ future. We are modernizing, elevating digital and mobile capabilities, and continuing to build on our commitment of meeting the evolving needs of current and prospective clients.”
Located at 1349 West Lane Avenue in Upper Arlington, Ohio, Arlington Gateway provides convenient access to Interstate 315 as well as proximity to Ohio State University (OSU) and its master-planned Innovation District–an interdisciplinary research facility expected to deliver in 2023. Features of Arlington Gateway include highly visible signage opportunities and flexible space build-outs with private balcony accommodations allowing for incredible views of downtown Columbus and OSU.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, Newmark generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow @newmark.
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. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. 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 Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.