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NGKF Leases Space in Wulfe’s BLVD Place Development

BLVD Place

BLVD Place

HOUSTON – The Newmark Grubb Knight Frank commercial real estate firm has leased 38,582 square feet in the 2 BLVD Place at 1700 Post Oak in Houston.

Lispah Hogan of NGKF represented her firm in the lease. The landlord was represented by Marilyn Guion and Connor Saxe of Colvill Office Properties and Elise Weatherall of Wulfe & Co.

The move consolidates the offices of NGKF and ARA Newmark, the multifamily branch of the firm. Some 100 NGKF will work there, with room for expansion, the firm said.

“As one of the largest full service real estate firms in the industry, NGKF has been expanding its platform across the major gateway cities nationwide to meet the needs of our clients. Moving to 2 BLVD Place in the Galleria area, one of the Country’s most prestigious and distinctive mixed-use business developments, allows us to grow our client services and maximize our synergies,” stated Neal Golden, vice chairman of NGKF. “Our commitment to advising the world’s largest corporations, investors and owners in effectively managing their real estate operations and portfolios is unwavering, and with Houston positioned to become the “Third Coast”, the timing is optimal.”

“Organic to the industry, we are by nature immersed in a highly energized business and have the opportunity to invest in our people by providing a location and environment that mirror our creative and entrepreneurial culture.” added Golden. “NGKF’s investment in our Houston operation and combining our ARA Newmark office with NGKF’s new regional headquarters is the right move for our clients and our employees.”

“We now offer a distinct advantage for our multihousing clients with ARA Newmark’s direct ability to tap into the global debt, equity and investment markets. Perfecting our service model to provide investment sales strategies and services, as well as facilitating private and institutional debt and equity assignments throughout the client transaction process, is our ultimate goal,” commented Matthew Rotan, vice chairman of ARA Newmark. “The success of the strategic alignment of our all-star capital markets and investment sales team elevates ARA Newmark’s arsenal of tools.”

“The award-winning BLVD Place development attracts high-profile tenants,” remarked Ed Wulfe, chairman and CEO of Wulfe & Co., managing partner of the development. “NGKF brings an enhanced

Ed Wulfe

Ed Wulfe

level of professionalism to the project and with its tenancy the development is now 98% leased,” Wulfe added. “BLVD Place, owned by an open-end core-plus real estate Fund managed by Bailard, Inc. of Foster City, CA. and advised by Stockbridge Capital Group of San Francisco, offers a remarkable opportunity for tenants in the Houston market with its highly visible and easily accessible preeminent location and concentration of upscale restaurants and retailers.”

Jan. 28, 2016

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