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Newmark Group closes RKF Retail Holdings acquisition

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Newmark Group closes RKF Retail Holdings acquisition

Newmark Group Inc. closed on the acquisition of independent real estate firm RKF Retail Holdings LLC and its subsidiaries.

Newmark Group, which operates a full-service commercial real estate services business, said in a release that Robert Futterman will serve as chairman of Newmark RKF, the company's retail leasing division.

RKF Retail's services include national tenant and owner representation, advisory, consulting and sales.

The acquisition, which is expected to be accretive to EPS within the first full year, adds roughly 70 brokers to Newmark Group. Details of the deal were not disclosed.