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Thursday, Mar 28, 2024
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Brokerage Firm NGKF Relocating to One La Jolla Center

Commercial brokerage firm Newmark Grubb Knight Frank (NGKF) is relocating its San Diego operations to Irvine Company’s One La Jolla Center office tower in University Towne Center.

A statement from Irvine Company said the move-in by NGKF by month’s end will bring the 15-story tower, which opened in 2015 at 4655 Executive Drive, to more than 65 percent leased. NGKF is relocating its 45 local employees from Irvine Co.’s tower at 4275 Executive Square in UTC, as the brokerage firm accommodates rapid growth over the past year.

Other tenants at One La Jolla Center include tech firms Webroot Inc. and Neustar Inc., and the restaurant Bistro 24, with other recent leasings including the law firms Jones Day and Dentons.

Terms of the NGKF lease at the new location were not disclosed. The relocation by NGKF follows recently completed and announced moves within UTC by other commercial brokerage firms serving the San Diego region, including JLL, Colliers International Group Inc. and CBRE Group Inc.

Headquartered in New York City, Newmark Grubb Knight Frank has operated locally in its current form since 2012, following its parent company’s acquisition of Newmark Knight Frank and Santa Ana-based Grubb & Ellis Co.

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