The combination of GFS and NKF's existing facility managementgroup establishes a new division, Newmark Knight Frank GlobalManagement Services (GMS). The combined leasing and managementportfolios now add up to more than 100 million sf of office, retailand industrial properties in 49 states and more than 40countries.

"Over the past years, we have worked to create value andpositive operational impact," says Ian Marlow, president of GFS,who will continue to serve as president and CEO of the new divisionwithin NKF. "With out infrastructure and services and the globalreach of the NKF service model, collectively we enhance what bothgroups can offer to our current and future roster of clients,"Marlow tells GlobeSt.com.

"The acquisition of GFS fits into our overall strategy," saysScott Panzer, EVP and principal of NKF in New York. "GFS is knownin particular for its expertise in crisis management and superiorfacilities management systems. Ian Marlow and the executives at GFSare considered some of the top authorities in their field."