Newmark Is Buying Corporate Tenant Advisory Firm Jackson Cooksey
Based in Texas, the firm is one of the lead providers of portfolio-related corporate services to large corporations around the world that are still privately held.
NEW YORK CITY–Newmark Knight Frank has agreed to buy the corporate tenant representation real estate agency Jackson Cooksey, an acquisition that is meant to continue to build out NKF’s Global Corporate Services platform.
James C. Cooksey, who will join NKF’s Texas office as vice chairman and president of Tenant Representation Texas, founded the firm in 1982.
The company is headquartered in Dallas, Texas and the bulk of its operations are in the Lone Star State. But the acquisition has national and even international implications for NKF as Jackson Cooksey is one of the lead providers of portfolio-related corporate services to large corporations around the world that are still privately held, Neal Golden, president and Texas Regional Manager and Vice Chairman of NKF, tells GlobeSt.com. And even if it weren’t, the state of Texas has become so significant in the US commercial real estate markets, that an acquisition of this type was essential to its continued growth, he adds.
“If you are going to be what we are — a premier real estate advisory firm — you can’t ignore the necessity of growing in the key gateway cities in Texas,” Golden says. “This is a very important step for us, both nationally and regionally.”
By joining the NKF brand, Jackson Cooksey will have the opportunity to grow and deepen its own platform, Cooksey tells GlobeSt.com. Tellingly, he says the company’s brokers are very excited about the deal. “Every single broker in this company has signed on. Sometimes when a real estate company goes through a transition some of the brokers will decide not to sign on. But here every single one has signed contracts with NKF,” he says.