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July 11, 2022 10:00 AM

�ǿ�����app���� announces the sale of 5370 Wegman Drive, a 135,412-square-foot warehouse property in Valley City, Ohio. �ǿ�����app���� Vice Chairman Terry Coyne and Director Claire Coyne, with Viktoria Reiser, Director with Knight Frank Munich | Germany, represented the undisclosed seller, a German manufacturer, in the sale to an undisclosed buyer. Terry Coyne has a long-standing relationship with the seller, with a partnership that spans 15 years.

5370 Wegman Drive—a two-story warehouse building on 16.83 acres—features five docks, two drive-in doors, 23- to 26-foot clear height, auto lifts with four risers, fluorescent and LED lighting, auto and truck decks, ample parking and warehouse racks.

��5370 Wegman Drive is in excellent condition with valuable in-place infrastructure,�� said Terry Coyne. “Its location, in a highly traveled area with prime visibility from Marks Road, makes it a valuable asset for the new owner.��

The building is in Valley City, Ohio, approximately 25 miles from Cleveland. Proximate to Interstate 71, the main highway between Cleveland, Columbus and Cincinnati, the property is ideally situated for product distribution.

The Greater Cleveland industrial market cemented its pandemic resilience with stability in the first quarter of 2022, according to �ǿ�����app���� Research. The market tallied 1.79 million square feet of positive net absorption, the result of factors including lease occupations from previous quarter signings as well as some owner/user sales that prompted occupation. As a result, the overall vacancy rate decreased by 40 basis points to 4.4%, the lowest mark (tied with the first quarter of 2021) in decades. This was the industrial market’s third consecutive quarter with positive absorption and the sixth out of the past seven quarters to absorb space.

About �ǿ�����app����
�ǿ�����app���� Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“�ǿ�����app������), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. �ǿ�����app����’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, �ǿ�����app���� provides superior service to clients across the industry spectrum. �ǿ�����app���� generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. �ǿ�����app����’s company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world. To learn more, visit nmrk.com or follow .

Discussion of Forward-Looking Statements about �ǿ�����app����
Statements in this document regarding �ǿ�����app���� that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, �ǿ�����app���� undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see �ǿ�����app����’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.