�ǿ�����app����

January 31, 2024 9:00 AM

�ǿ�����app���� announces it has arranged the sale of the leased fee interest in the land at Columbia Business Center, an industrial site totaling approximately 113 usable acres in Vancouver, Washington. The site sold for $96 million, representing the largest single transaction by total consideration paid for industrial land on record in the Portland/Vancouver market.

�ǿ�����app���� Vice Chairman Nick Kucha, Executive Vice Chairman Steven Golubchik and Associate Directors Kellen Kollmorgen, Jakob Nicholls and Grant Gooding, along with Colliers Vice Chairman Jerry Matson, SIOR and Senior Vice President Brian Yoakum, SIOR, represented the private family seller in the transaction.

“This sale represents the rare opportunity to own an industrial site of scale in a market with a dearth of developable land,�� said Kucha. “We are pleased to have represented the sellers in a successful sale��.

Originally established in the 1940s, Columbia Business Center is one of the most unique industrial sites in the Pacific Northwest. Situated along the Columbia River, the property is strategically located along Interstate 5 and adjacent to Portland, serving as a transportation hub for the greater Portland/Vancouver market. Columbia Business Center offers a wide variety of transportation alternatives including direct connectivity to rail lines, barge slips and traditional distribution uses.

“There aren’t many easy deals left in our region. Every deal is very nuanced and requires client trust and collaboration between different skill sets. This sale is a prime example of exactly that,�� said Matson, SIOR.

[1] According to �ǿ�����app���� Research

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. For the year ending December 31, 2022, �ǿ�����app���� generated revenues of approximately $2.7 billion. As of September 30, 2023, �ǿ�����app����’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 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.