Newmark Group Expands Global Presence with New Office in Seoul, South Korea

Newmark Group Expands Global Footprint with New Office in Seoul

Newmark Group, Inc. (Nasdaq: NMRK), a leading commercial real estate advisor, marks a significant milestone in its global expansion by officially launching its flagship office in Seoul, South Korea, in December 2025. Situated in the prestigious IFC Complex in Yeouido, the new office is designed to serve a variety of industry verticals and asset classes, positioning Newmark to effectively meet the evolving needs of international corporations in one of Asia's most dynamic economies. This strategic move aligns with Newmark's vision to enhance its service offerings and operational capabilities across key global markets.

At the helm of this new venture is John Pritchard, who brings nearly two decades of experience in advising global corporations on substantial occupier transactions within the Korean market. His leadership is complemented by an accomplished team that includes Karis Kim, who specializes in Retail and Tenant Representation, and Judy Jang, recognized for her market research expertise. This skilled team is expected to leverage its extensive backgrounds from prominent multinational real estate firms to deliver tailored solutions that resonate with Korea’s unique market landscape.

Newmark's CEO, Barry Gosin, underscores the importance of this expansion, stating that entering the Korean market allows the company to provide top-tier advisory services essential for international clients. By establishing a presence in Korea, Newmark not only enhances its service capabilities but also solidifies its strategic footprint, aiming to facilitate growth and innovation for its clients. The establishment of the Seoul office is a testament to Newmark's commitment to building a connected, future-focused platform in the competitive international real estate sector.

In addition to the Seoul office launch, Newmark continues to demonstrate its strong market presence through various high-profile transactions. Recently, the company acted as the exclusive real estate advisor for Scholastic Corporation in a $386 million sale-leaseback transaction involving its New York City headquarters. This significant deal highlights Newmark's expertise in navigating complex real estate transactions, further solidifying its reputation as a leader in the commercial real estate market.

Moreover, Newmark has also made strides in the financing sector, successfully arranging a $630 million refinancing loan for the 830 Brickell office tower in Miami. With a diverse array of services tailored for various stakeholders in the commercial real estate spectrum, Newmark remains committed to adapting to market changes while delivering superior service across established and emerging property markets.