Newmark Mountain West Acquires Spartan Partners CRE
Salt Lake City, UT – Newmark Mountain West, the leading full-service commercial real estate brokerage in the Intermountain Region, announces the acquisition of Spartan Partners CRE, a full-service retail real estate brokerage firm based in Cottonwood Heights, Utah. Newmark Mountain West welcomes Jake Woodward, Fred Barth, Tai J. Biesinger, and Patrick Grady, bringing the company to nearly 200 professionals across ten offices operating in five states.
“We are excited to welcome Spartan Partners CRE to Newmark Mountain West to start the new year,” said Nick Wood, Chief Executive Officer of Newmark Mountain West. “They are a strong addition to our team and will further enhance the capabilities of our business and the services that we offer our clients.”
Spartan Partners CRE has a long history of working with some of the most recognizable names in retail. Starbucks has been their client for nearly 17 years, and they have been involved in over 100 transactions with Starbucks across the Intermountain West. Other clients they are currently working with include Chewy, Love Sac, Peak 45, Walgreens, K9 Resorts, Culvers, Lowe’s Home Improvement, Del Taco, Banfield Pet Hospital, IHOP, Valvoline Instant Oil Change, D1 Sports, Club Pilates, Club Champion, Lindora, Aubergine Kitchen, Men’s Wearhouse, Jos A Bank, Tide Cleaners, Salons by JC, and Primrose Schools.
“I am beyond thrilled that we are joining forces with Newmark Mountain West and will be part of the leading commercial real estate brokerage in the region,” stated Tai J. Biesinger. “I have worked with their brokers on many deals over the years and have always been incredibly impressed with their professionalism and market knowledge. It has always been important to us to provide excellent service to our clients and by joining Newmark Mountain West that level of service will only be better with the best-in-class resources that the company offers and the collection of amazing professionals that make up the company.”
Spartan Partners CRE was established in 2022 as the evolution of Pentad Retail/Hospitality, a recognized leader in retail real estate in the intermountain west since 1979. Over their careers, Spartan’s brokers have shepherded their clients through every stage of commercial real estate transactions. From broad multi-state strategies to hyper-local expertise with site selection and transaction negotiations, Spartan Partners CRE has been one of the most comprehensive, highest-quality retail real estate advising teams in the intermountain states.
About Newmark Mountain West
Newmark Mountain West, an independently owned and operated member of the Newmark Licensee Group, delivers a comprehensive suite of commercial real estate services across Utah, Idaho, Nevada, Wyoming and Montana. With nearly 200 professionals in ten offices, the firm leverages Newmark’s (Nasdaq: NMRK) global platform to power every stage of the property life cycle for occupiers, investors, and developers.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark 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 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, Newmark 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 Newmark’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.
