Newmark Knight Frank and JLL Complete Lease Relocation and Restructure for TeamHealth
Newmark Knight Frank (NKF) and JLL announced the completion of a 51,290-square-foot lease for medical staffing firm TeamHealth. TeamHealth will consolidate and relocate approximately 400 employees to Corporate Pointe at West Hills, located at 8511 Fallbrook Ave.
NKF’s Executive Managing Director David Kluth along with JLL Managing Director Mike McKeever represented the tenant in this long- term lease transaction with Brookfield Properties who was represented by CBRE.
“TeamHealth’s thoughtful decision to relocate to Corporate Pointe fulfills the multitude of drivers our client was looking to achieve including cost control, on-campus amenities, workforce conveniences, and the ability to upgrade their workplace environment,” said Kluth.
TeamHealth sought out the team to assist in a workplace strategy to gain greater design workflow and measure associated costs. TeamHealth is moving from its current 78,848-square-foot space in North Hollywood to the new 50,000-square-foot location solving a number of objectives for the firm.
“Corporate Pointe at West Hills’ abundant campus amenities provides an enhanced work environment. This, combined with TeamHealth’s new workplace layout allows the team to operate in a more efficient and collaborative manner. The workspace promotes increased connectivity: employees can exchange information through casual collisions and engage with one another to promote innovation,” said McKeever.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), 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, NKF’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, NKF’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 NKF 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.
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