{"id":1004240144,"date":"2018-07-05T02:13:27","date_gmt":"2018-07-05T10:13:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004240144"},"modified":"2022-12-07T02:50:03","modified_gmt":"2022-12-07T10:50:03","slug":"newmark-knight-frank-to-acquire-jackson-cooksey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-acquire-jackson-cooksey\/","title":{"rendered":"Newmark Knight Frank to Acquire Jackson Cooksey"},"content":{"rendered":"

By Gail Kalinoski<\/em><\/p>\n

\"Barry<\/a>

Barry Gosin, CEO of Newmark Knight Frank<\/p><\/div>\n

It was a courtship that lasted more than two years. But global commercial real estate advisory firm Newmark Knight Frank\u2019s acquisition of Dallas-based Jackson Cooksey, a nationally known corporate tenant representation real estate agency, is nearly complete.<\/p>\n

Financial details of the deal, which will expand NKF\u2019s Global Corporate Services platform, were not released but it is expected to close within the next several weeks.<\/p>\n

James Cooksey, who founded the Dallas-based firm in 1982, will join NKF\u2019s Texas office as vice chairman & president of tenant representation, Texas. He was an early innovator of corporate-focused real estate services and has represented numerous Fortune 500 companies throughout his career.<\/p>\n

\u201cThe acquisition of Jackson Cooksey is an important step in NKF\u2019s mandate to expand coverage in key markets and bolster service offerings to provide an unparalleled platform to clients regionally and worldwide. Specifically, the Jackson Cooksey acquisition expands NKF\u2019s corporate tenant advisory services for office and industrial users throughout Texas,\u201d<\/em> Barry Gosin, CEO of Newmark Group Inc., said in a prepared statement.<\/p>\n

\u201cNKF\u2019s growth throughout the state of Texas increases our ability to provide client-centric real estate services, and the addition of these superior Jackson Cooksey professionals to our team strengthens our core competencies. Jackson Cooksey\u2019s achievements, vast client relationships and roster of knowledgeable industry professionals certainly underscore its value to NKF,\u201d <\/em>Neal Golden, NKF president, Texas region, added in prepared remarks.<\/p>\n

\"The<\/a>

The Jackson Cooksey team joins Newmark Knight Frank<\/p><\/div>\n

Cooksey told Commercial Property Executive<\/em> other firms had reached out to him in the past.<\/p>\n

\u201cI felt I had a pretty good handle on everyone that had contacted us and I certainly appreciated their interest in us,\u201d<\/em> he said. \u201cThen a friend said you really ought to talk to Newmark. He connected me to Neal Golden and that\u2019s really how the relationship began, which was about two and a half years ago.\u201d<\/em><\/p>\n

Cooksey recounted numerous visits over that time while all the parties got to know each other better. He said when Jackson Cooksey brokers were working deals around the country they would seek out Newmark professionals to co-broker transactions with them.<\/p>\n

“This is a marriage” <\/em><\/h2>\n

\u201cThis is a marriage is the way I looked at it,\u201d<\/em> he told CPE<\/em>. \u201cI would not be one that would date for six months and then get married. I would like a much longer time to evaluate my partners and that\u2019s exactly what we did.\u201d<\/em><\/p>\n

\"James<\/a>

James Cooksey, founder of Jackson Cooksey<\/p><\/div>\n

Cooksey said it made everybody at Jackson Cooksey more comfortable about the transaction because they already knew many of the people involved. He noted all 70 professionals in the firm\u2019s Dallas, Houston, Denver and Austin, Texas, locations are joining NKF.<\/p>\n

\u201cEvery single broker has made the transition. We didn\u2019t lose one person,\u201d<\/em> he said. \u201cThese people clearly understand the connection, the very close relationship we have with Newmark and the advantage that has already been to us.\u201d<\/em><\/p>\n

Cooksey said it was important to find a company that matched the culture and philosophy at Jackson Cooksey.<\/p>\n

\u201cNKF\u2019s mission and values dovetail perfectly with Jackson Cooksey\u2019s customer-centric corporate tenant focus and my vision of best-in-class real estate strategies and solutions, while maintaining the highest standards of honesty, integrity and commitment,\u201d<\/em> Cooksey said in prepared remarks. \u201cI am confident NKF is exactly where we should be. The company\u2019s entrepreneurial nature and management style allow the freedom to organically build business and structure service delivery to best suit our client\u2019s evolving needs.\u201d<\/em><\/p>\n

\"Neal<\/a>

Neal Golden, NKF president, Texas<\/p><\/div>\n

Cooksey spoke about consolidation in the CRE services industry and how that played into the decision to join NKF.<\/p>\n

\u201cThe typical corporation is asking for much more depth of service than just a pure transaction,\u201d<\/em> Cooksey told CPE<\/em>. \u201cWe have to be able to bring a wealth of resources that will allow for strategic planning and all the necessary processes that go along with analyzing the real estate portfolio today, whether they are small or large.\u201d<\/em><\/p>\n

\u201cFor us to deliver that, we needed to have the type of relationship we now have with Newmark,\u201d<\/em> he added.<\/p>\n

Employees in the Houston and Denver offices will be moving shortly to NKF offices in those cities, but the Dallas Jackson Cooksey workers will remain at that firm\u2019s corporate offices for now, Cooksey said. Austin is a virtual office, he noted.<\/p>\n

NKF Personnel Moves<\/strong><\/h2>\n

The acquisition of Jackson Cooksey isn\u2019t the only new addition aimed at boosting NKF\u2019s Global Corporate Services platform. Earlier this year, NKF tapped Susan Wojciechowski<\/a> as its new global head of facilities management and business integration for Global Corporate Services. Wojciechowski, who has more than 25 years of global real estate services and full-service outsourcing experience, was brought on to focus on global service line strategy and growth, partnership formulation, platform development and business integration supporting occupier clients.<\/p>\n

In April, NKF beefed up its Valuation and Advisory office in Philadelphia<\/a> with four new hires: John Gasparre, who joined as senior vice president; Stephen Cook, who came on as first vice president; and Andrew Barbato and Joseph Zakrzewski, both analysts. NKF\u2019s VAS division is headquartered in New York and Houston, and began expanding in 2017 going from 15 to more than 300 employees in 22 states.<\/p>\n

Images courtesy of Newmark Knight Frank<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The deal will boost the firm\u2019s corporate tenant advisory business, while adding 70 employees in Dallas, Houston, Austin and Denver.<\/p>\n","protected":false},"author":1068,"featured_media":1004240162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,23891,21742],"tags":[35208,36007],"class_list":["post-1004240144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-national","category-latest","tag-barry-gosin","tag-newmark-knight-frank"],"acf":[],"yoast_head":"\nNewmark Knight Frank to Acquire Jackson Cooksey - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-acquire-jackson-cooksey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newmark Knight Frank to Acquire Jackson Cooksey\" \/>\n<meta property=\"og:description\" content=\"The deal will boost the firm\u2019s corporate tenant advisory business, while adding 70 employees in Dallas, Houston, Austin and Denver.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-acquire-jackson-cooksey\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-05T10:13:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T10:50:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Barry-Gosin-Newmark-Knight-Frank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-acquire-jackson-cooksey\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-acquire-jackson-cooksey\/\",\"name\":\"Newmark Knight Frank to Acquire Jackson Cooksey - 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