PR Newswire
Newmark Company Will Oversee Strategic Disposition of 150–200 Sites
NEW YORK
, July 7, 2025 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces that Excess Space Retail Services, Inc., a Newmark company (“ExcessSpace”), has been engaged by Jack in the Box Inc. as the exclusive real estate advisor for the disposition of a portion of the company’s restaurant portfolio, primarily in the western United States.
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 U.S., with recent clients including Party City, Advance Auto Parts and JCPenney. The team has managed projects involving portfolios of all sizes and has helped clients reduce real estate liabilities by more than $6 billion. The company’s approach combines financial analysis, local brokerage coordination and transaction management to support clients undergoing M&A, downsizing or other strategic changes.
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 $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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.
