Newmark Grubb Knight Frank (NGKF), one of the world’s leading commercial real estate advisory firms, will lead the search for a potential new headquarters for Bluegreen Vacations, a leading resort management and vacation ownership company based in Boca Raton, Florida. Greg Katz, NGKF’s Vice Chairman in the Miami office, has been tapped by the firm to search for 100,000 square feet of prime office space located in or around Palm Beach and Broward counties.
“We look forward to presenting Bluegreen Vacations with all available opportunities,” said Katz. “Ultimately, our goal is to identify a solution that aligns with the company’s business objectives.”
Bluegreen Vacations employs nearly 6,000 personnel company-wide, with over 500 in the Boca Raton office. The company has been headquartered at Boca Raton Innovation Campus, the former IBM headquarters, since 1997. With a lease expiring at the end of 2018, Bluegreen is evaluating all options including extending the present lease and remaining at Boca Raton Innovation Campus, relocating, or developing a new headquarters.
“We’re confident that NGKF will help to shine a light on our company’s needs to identify more efficient space that will complement our dynamic work environment, provide an optimal location, offer unique amenities, and allow us to continue to develop and expand as a company,” said Susan Saturday,Senior Vice President and Chief Human Resources Officer at Bluegreen Vacations.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing, capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive OfficerHoward W. Lutnick. For more information, please visit www.bgcpartners.com.
About Bluegreen Corporation
Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen Corporation (“Bluegreen Vacations”) is a sales, marketing and resort management company, focused on the vacation ownership industry and pursuing a capital-light business strategy. This year, Bluegreen is celebrating its Golden Anniversary and 50 years of creating memories and Sharing Happiness with owners. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 199,000 owners, 66 owned or managed resorts, and access to more than 4,500 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, turnkey, fee-based services, including resort management services, financial services, and sales and marketing services, to or on behalf of third parties. For more information, visit www.BluegreenVacations.com.
