Cedar Knolls, N.J., April 6, 2018 – Newmark Associates has been chosen by the CoStar Group, Inc. to receive the 2017 CoStar Power Broker™ Award which highlights firms and individual brokers whose overall transaction volume in sales or leases ranks highest within their respective markets. Honoring Newmark Associates with this award in multiple consecutive years truly places the firm among the “best of the best” in commercial real estate brokerage.

CoStar Group, headquartered in Washington, D.C., maintains offices throughout the United States, Canada, and Europe, where, as the industry’s largest professional research organization, it is the leading provider of commercial real estate information, analytics and online marketplaces.

Newmark Associates qualified as a top commercial brokerage firm in Northern New Jersey based on total transactions realized during the year. Significant transactions which closed in 2017 include: $9 million in sales of two North Jersey industrial properties located in Morris and Passaic Counties at 69 King Street in Dover and 90 Kingsland Avenue in Clifton; $34 million in flex space sales in Morris County at 9 Whippany Road and 622-28 Route 10 West both in Whippany; the closing of 3 buildings in Morris and Essex Counties inclusive of a $1.19 million sale of office space in Whippany at 2 Railroad Plaza; and the redevelopment of multiple, prime retail spaces in Union County at 402-420 Springfield Avenue in Summit.

Due to the increase in yearly sales volume, Newmark Associates is looking in 2018 to hire new and experienced Sales Associates who will be offered a six-month incentive program whereby they will be trained with and mentored by the team’s experienced, successful commercial brokers on live transactions. For more information, contact: Nancy Glick, Chief Operating Officer, 973-884-4444, nglick@newmarkrealestate.com.

Newmark Associates CRE, located in Cedar Knolls, New Jersey, has earned recognition as one of the top real estate brokerage companies by NJBIZ magazine, and the CoStar Commercial Real Estate organization. Specializing in lease and sales transactions of office, industrial, retail, land, healthcare and mixed-use properties, Newmark Associates customers range from regional, entrepreneurial firms to Fortune 500 companies. Certified as a woman-owned business by the Women’s Business Enterprise National Council, Newmark Associates is registered as a Supplier Diversity provider with corporate members.