�ǿ�����app����

August 1, 2024 9:00 AM

�ǿ�����app���� announces it has arranged the sale of 3137 East Elwood Street, a single-story, 123,032-square-foot industrial/flex building in Phoenix, Arizona.

�ǿ�����app���� Executive Managing Directors Barry Gabel, Chris Marchildon and CJ Osbrink and Director Gary Cornish represented the undisclosed seller, a global investment advisor.

“The conclusion of an extensive bidding process, which attracted over 20 tours and yielded over 10 offers, resulted in the purchase of the property by a local investor and business owner,�� said Cornish. “The new owner plans to utilize the remaining vacancy, approximately 37,000 square feet, for one of its enterprises.��

Located in the core of Metro Phoenix within the dynamic Southbank Business Park, the property sits on a large ±10-acre lot with flex/industrial features including A-2 (heavy) industrial zoning, ±20�� clear height, 100% HVAC, heavy power and the ability to significantly expand existing dock and grade level loading capabilities.

“This transaction underscores the ongoing demand for conversions from office to flex/industrial spaces, a trend our team continues to monitor and capitalize on,�� Cornish concluded.

About �ǿ�����app����
�ǿ�����app���� Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“�ǿ�����app������), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. �ǿ�����app����’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, �ǿ�����app���� provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, �ǿ�����app���� generated revenues of approximately $2.5 billion. As of March 31, 2024, �ǿ�����app����’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow .

Discussion of Forward-Looking Statements about �ǿ�����app����
Statements in this document regarding �ǿ�����app���� 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 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, �ǿ�����app���� 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 �ǿ�����app����’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.