ExcessSpace Named Exclusive Advisor for Jack in the Box Real Estate Disposition Effort
Newmark Group (Nasdaq: NMRK) announces that its subsidiary ExcessSpace has been selected as the exclusive real estate advisor for Jack in the Box's strategic disposition of approximately 150-200 restaurant locations, primarily in the western United States.
The assignment will be led by Executive Managing Directors Howard Goldfarb and Leo Greco, focusing on implementing strategic disposition solutions to maximize value across the portfolio. ExcessSpace, which has helped clients reduce real estate liabilities by over $6 billion, brings significant portfolio optimization expertise to this project.
Newmark Group (Nasdaq: NMRK) annuncia che la sua controllata ExcessSpace è stata scelta come consulente immobiliare esclusivo per la disposizione strategica di Jack in the Box di circa 150-200 sedi di ristoranti, principalmente negli Stati Uniti occidentali.
Il progetto sarà guidato dai Direttori Esecutivi Howard Goldfarb e Leo Greco, concentrandosi sull'implementazione di soluzioni strategiche per massimizzare il valore dell'intero portafoglio. ExcessSpace, che ha aiutato i clienti a ridurre le passività immobiliari per oltre 6 miliardi di dollari, porta una significativa esperienza nell'ottimizzazione del portafoglio in questo incarico.
Newmark Group (Nasdaq: NMRK) anuncia que su subsidiaria ExcessSpace ha sido seleccionada como asesora inmobiliaria exclusiva para la disposición estratégica de Jack in the Box de aproximadamente 150-200 ubicaciones de restaurantes, principalmente en el oeste de Estados Unidos.
La tarea estará liderada por los Directores Ejecutivos Howard Goldfarb y Leo Greco, enfocándose en implementar soluciones estratégicas para maximizar el valor en toda la cartera. ExcessSpace, que ha ayudado a clientes a reducir pasivos inmobiliarios por más de 6 mil millones de dólares, aporta una gran experiencia en optimización de carteras a este proyecto.
Newmark Group (나스닥: NMRK)의 자회사 ExcessSpace가 주로 미국 서부 지역에 위치한 약 150~200개의 레스토랑 매장에 대한 Jack in the Box의 전략적 매각을 위한 독점 부동산 자문사로 선정되었다고 발표했습니다.
이번 프로젝트는 전무이사 Howard Goldfarb와 Leo Greco가 이끌며, 포트폴리오 전반의 가치를 극대화하기 위한 전략적 매각 솔루션 실행에 중점을 둘 예정입니다. ExcessSpace는 고객의 부동산 부채를 60억 달러 이상 줄이는 데 기여한 풍부한 포트폴리오 최적화 전문성을 이번 프로젝트에 제공합니다.
Newmark Group (Nasdaq : NMRK) annonce que sa filiale ExcessSpace a été choisie comme conseillère immobilière exclusive pour la cession stratégique de Jack in the Box d'environ 150 à 200 restaurants, principalement dans l'ouest des États-Unis.
Cette mission sera dirigée par les directeurs exécutifs Howard Goldfarb et Leo Greco, qui se concentreront sur la mise en œuvre de solutions de cession stratégique afin de maximiser la valeur du portefeuille. ExcessSpace, qui a aidé ses clients à réduire leurs passifs immobiliers de plus de 6 milliards de dollars, apporte une expertise significative en optimisation de portefeuille pour ce projet.
Newmark Group (Nasdaq: NMRK) gibt bekannt, dass seine Tochtergesellschaft ExcessSpace als exklusiver Immobilienberater für die strategische Veräußerung von Jack in the Box von etwa 150-200 Restaurantstandorten, hauptsächlich im Westen der Vereinigten Staaten, ausgewählt wurde.
Die Aufgabe wird von den Executive Managing Directors Howard Goldfarb und Leo Greco geleitet, die sich darauf konzentrieren, strategische Veräußerungslösungen umzusetzen, um den Wert des Portfolios zu maximieren. ExcessSpace, das Kunden geholfen hat, Immobilienverbindlichkeiten um über 6 Milliarden US-Dollar zu reduzieren, bringt umfangreiche Expertise in der Portfoliooptimierung in dieses Projekt ein.
- Secured exclusive advisory role for major restaurant chain disposition
- Assignment involves significant portfolio of 150-200 locations
- Demonstrates continued success in attracting major corporate clients
- Builds on track record of reducing client real estate liabilities by over $6 billion
- Revenue impact from assignment not disclosed
- Project timeline and financial terms not specified
Insights
Newmark's ExcessSpace wins exclusive mandate to manage Jack in the Box's significant 150-200 store closure program, strengthening NMRK's retail disposition portfolio.
Newmark Group's subsidiary ExcessSpace has secured a significant client win by becoming the exclusive real estate advisor for Jack in the Box's portfolio streamlining initiative. This mandate involves the strategic disposition of approximately 150-200 restaurant locations, primarily in the western United States. The assignment aligns with Jack in the Box's broader operational streamlining and financial performance improvement strategy.
The selection of ExcessSpace for this complex project demonstrates market confidence in Newmark's specialized retail disposition capabilities. The company's portfolio optimization services include lease restructuring, terminations, subleasing, and property sales—creating multiple potential revenue streams from this engagement. ExcessSpace's track record is notable, having helped clients reduce real estate liabilities by more than
This mandate strengthens Newmark's client portfolio in the retail disposition space, where they've previously served major retailers including Party City, Advance Auto Parts, and JCPenney. For investors, this engagement represents a solid pipeline of transaction work in a specialized segment of commercial real estate services where Newmark has demonstrated expertise.
The financial impact for Newmark will depend on the structure of the engagement, but typically such assignments generate fee income based on successful transactions, potentially contributing meaningfully to Newmark's service revenue over the duration of the disposition program.
Newmark Company Will Oversee Strategic Disposition of 150–200 Sites
The assignment, led by Executive Managing Directors Howard Goldfarb and Leo Greco, was announced in conjunction with Jack in the Box's broader strategy to streamline operations and improve financial performance by closing approximately 150 to 200 locations. ExcessSpace services will include identifying and implementing strategic disposition solutions to maximize value across a geographically diverse portfolio.
"This assignment is an opportunity to bring Newmark's deep portfolio optimization expertise to bear on a complex, mission-critical mandate," said Michael Wiener, President of ExcessSpace. "We are proud to partner with Jack in the Box and look forward to executing a best-in-class approach to help them meet their objectives."
ExcessSpace, Newmark's retail disposition group, provides lease restructuring, terminations, subleasing and property sales services for retailers across the
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark'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, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over
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. 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, 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 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.
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SOURCE Newmark Group, Inc.
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