NEW YORK, Jan. 2, 2013 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC"), a leading global brokerage company primarily servicing the wholesale financial and real estate markets, has acquired Frederick Ross Company, the oldest full-service commercial real estate firm in Denver, Colo., and partner of Newmark Grubb Knight Frank (NGKF) since 2010. Financial details of the transaction were not disclosed.
NGKF CEO Barry M. Gosin said, "Frederick Ross Company has built an outstanding reputation in the Denver market and its desire to join NGKF is confirmation that our expanded platform offers clients the best real estate solutions in the industry. The team has benefited from the transformation that has taken place since Newmark and Grubb & Ellis became part of BGC and we will continue to work collaboratively to grow our presence in this important market. Personally, it's exciting to have a vision and clear objective to deliver the best solutions for our clients, and to see these come together with the addition of such a complementary group of professionals led by Jack Box and Kevin McCabe."
Jack Box, one of the region's most respected leaders and visionaries in commercial real estate, has served as president and chief executive officer of Frederick Ross Company for 24 years and will assume the title of chairman for this NGKF region.
"My relationship with Newmark dates back to the 1990s and I've always had a great deal of respect for the expertise and commitment the firm brings to each and every assignment," said Mr. Box. "I've worked closely with executive management and know that our company values and integrity run parallel. I can say with confidence that the Frederick Ross Company's 125-year legacy is in great hands, and the future never looked better."
Kevin McCabe, who is credited with growing the Denver office brokerage division by 45 percent since his arrival in 2011, has been appointed executive vice president and managing director for Colorado.
"This is an incredibly exciting time to join Newmark Grubb Knight Frank because the company's platform is unmatched in the industry," stated Mr. McCabe. "Our clients will benefit from a seamless integration and a dynamic business plan aimed at additional regional, national and international service capabilities, including unparalleled capital markets resources and offerings through BGC's relationships with Cantor Fitzgerald and Cantor Commercial Real Estate."
NGKF's Denver office offers tenant brokerage, ownership representation, investment sales, corporate advisory services, property and facilities management, market research, lease administration and client accounting, in addition to other global services provided by NGKF.
Also, on Jan. 2, BGC Partners announced that it had acquired Smith Mack, an independent full-service commercial real estate services firm operating in Philadelphia and surrounding regions.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, Newmark Grubb Knight Frank employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents.
Newmark Grubb Knight Frank's integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, Newmark Grubb Knight Frank serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.
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