NKF Capital Markets Completes Sale of The Streets of Brentwood

Press Release

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Photo provided by Streets of Brentwood Facebook page

NKF Capital Markets has announced the sale of The Streets of Brentwood, a high-profile grocery-and theatre-anchored lifestyle center located in the San Francisco Bay Area. The 358,615-square-foot center includes a 14-screen AMC Theatre, DSW, ULTA and a new Sprouts Farmers Market.

NKF Capital Markets Vice Chairman Nicholas Bicardo and Managing Director Brandon Rogoff represented the seller, a fund managed by DRA Advisors, in the transaction to the buyer, Fairborne Properties (Chicago, IL).

The Streets of Brentwood benefits from nearly 70,000 cars that travel by it daily due to its proximity to Highway 4. Situated on approximately 49 acres, the property is also being delivered with fully-entitled development parcels totaling nearly 12 acres that can support an additional 80,000 square feet of retail as well as outparcels suitable for quick-service restaurants. Fairborne Properties also has the opportunity to add multifamily on one of the parcels.

“The Streets of Brentwood has experienced a significant upgrade to the quality and stability of its tenant roster over the past five years and has become the ‘go-to’ center in an affluent trade area where experiential shopping is limited,” said Bicardo. “We had a tremendous amount of capital chasing this opportunity given the continued growth prospects of the trade area and quality of the asset.”

About NKF Capital Markets

NKF Capital Markets, operated by Newmark Group, Inc., is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.

We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.

Newmark Group, Inc., 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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5 COMMENTS

  1. This group stinks of heavy CHINESE involvement. AMC is wholy owned by the Chinese. Seems like Americans cannot buy businesses in their own country anymore.

    • The chinese own half of Antioch, all these houses being bought up in cash are by the chinese, they are all Section 8 slumlords!

      • Yes and most of the whole United States. Big interests in Google and all those other computer companies. My God Bless what is left of the US because with Trump we will never move away from this mess.

        • US in big trouble…….California too, if Gavin gets elected this state will gove more hand outs then ever before, low life lazy losers are happy tho. And dont get me started on his gun control ideas, he has zero clue how bad people can get guns guns easily, bit he wants to punish responsible gun owners, but little does he know we have guns that he will never ever be able to take.

    • This company stinks of heavy Chinese involvement? Okay, if you say so.
      NKF, or Newmark Knight Frank, was founded in 1929 and is publicly traded company (NASDAQ NMRK).
      The company is based in New York City, with over 4,600 employees occupying 120 offices in the United States was founded in 1929. They work in partnership with Knight Frank, a London based company.

      Next time maybe grab a Wall Street Journal instead of The Enquirer.

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