Moses Tucker, Newmark Grubb Arkansas Announce Merger
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MOSES TUCKER, NEWMARK GRUBB ARKANSAS ANNOUNCE MERGER
New leadership will include Chris Moses as President and CEO and
Paul Esterer as President of Northwest Arkansas Division
LITTLE ROCK (Jan. 17, 2018) – Moses Tucker Real Estate and Newmark Grubb Arkansas announced today the companies have merged to create Moses Tucker Partners. The merger makes the new company the second largest commercial brokerage and management firm in the state with 5.8 million square feet of commercial space under management in Arkansas and approximately 100 brokers and employees among four offices.
Moses Tucker Partners offers a full spectrum of commercial real estate services for clients throughout Arkansas, combining the strengths of the two companies to enhance and broaden its expertise and capabilities. The new company retains both firms’ existing offices in Little Rock, North Little Rock, Bentonville and Fayetteville. The company’s headquarters is in downtown Little Rock.
Moses Tucker Partners is the second largest commercial brokerage and management firm in the state, according to published rankings by Arkansas Business. The merger is effective immediately, though both entities will work independently for the next 60 to 90 days as legal and logistical terms are finalized.
Chris Moses, who served as president and chief executive officer of Moses Tucker Real Estate, is now president and CEO of Moses Tucker Partners. Paul Esterer, who was CEO of Newmark Grubb Arkansas, is now president of Moses Tucker Partners’ Northwest Arkansas division. Fletcher Hanson, former CEO and principal broker of Newmark Grubb Arkansas, is principal broker for the new entity. Jimmy Moses, founder and chairman of MTRE, and Rett Tucker, co-chairman of MTRE, are co-chairmen of Moses Tucker Partners.
“Our companies share a commitment to the communities where we live, work and play, and we have been fortunate to contribute to the exciting growth and commercial development we’ve seen in places like downtown Little Rock, North Little Rock’s Argenta District and Northwest Arkansas,” Chris Moses said. “This merger gives our new company a true statewide presence, and with the merger we create additional opportunities for success for our clients and our employees.”
“We serve some of the fastest-growing and most vibrant communities in Arkansas,” Esterer said. “Together, we’ve helped to revitalize commercial property in Little Rock, North Little Rock, Bentonville and across the state. Our combined experience in commercial real estate, management, brokerage and development will position the new company for a stronger future. We will continue to provide all clients with the high-quality service they value and expect. I look forward to working with Chris in guiding Moses Tucker Partners into a new phase of growth.”
Chris Moses, Paul Esterer, Jimmy Moses, Rett Tucker and Fletcher Hanson serve on Moses Tucker Partners’ board of directors and set overall direction for the independently owned and operated company. Key management includes:
Board of Directors
Chris Moses, Principal, President and CEO
Paul Esterer, Principal, President of Northwest Arkansas
Fletcher Hanson, Principal, Principal Broker
Jimmy Moses, Co-chairman
Rett Tucker, Co-chairman
Kris Goldman, Principal, Executive Vice President of Operations
Christine Pennington, Principal, Executive Vice President of Property Management
Jamie Moses, Executive Vice President and Director of Development
John Martin, Executive Vice President of Brokerage
Kathy Beaston, Chief Financial Officer
Ray Nolan, Vice President of Development
Moses Tucker Partners will affiliate with Newmark Knight Frank, a global leader in commercial real estate and one of the world’s foremost commercial real estate advisory firms. The company is keeping its strong presence in Conway through the company’s existing brokerage team led by Greg Nabholz, senior managing director of Newmark Grubb Arkansas. Nabholz Properties’ brokerage services division joined Newmark Grubb Arkansas in 2013.
“Jimmy Moses and Rett Tucker together have transformed downtown Little Rock’s skyline, including more than $300 million of development in that city. We will continue to rely on their vast experience and visionary ideas as they continue to advise our new leadership on growth opportunities throughout the state,” Chris Moses said. “We’re just as excited for this new company to continue its affiliation with Newmark Knight Frank and its global platform of real estate financial services, banking and capital.”
“Between both firms, this team has developed some of the state’s most high-profile buildings and spaces,” Esterer said. “Rett and Jimmy’s contributions to downtown Little Rock and their team’s reinvention of Fayetteville square’s tallest office building can’t be overstated. And the Newmark team’s success in Bentonville – working on some of the most important projects for that city – and its leading force behind the development of the successful and thriving Argenta District is significant. This is an incredible team that will continue to contribute to the growth of Arkansas and the success of our clients. We’re looking forward to continuing the momentum.”
About Moses Tucker Real Estate
Moses Tucker Real Estate was founded in 1984 and over the past five years has experienced rapid growth in both full-service brokerage and commercial property management and development services. Moses Tucker, with offices in Little Rock and Fayetteville, began as a community-oriented development company with 1 million square feet of assets and over the last seven years has grown to almost 4.5 million square feet throughout the state of Arkansas.
The Moses Tucker brand is a fixture in today’s Little Rock landscape, and is quickly growing as a leading firm in northwest Arkansas. The firm’s founders are known as visionaries who have transformed downtown Little Rock into what it is today. From Little Rock’s River Market District to the Fayetteville Town Square, the firm has helped develop some of the most iconic areas in the state. Services include brokerage sales, tenant and landlord representation, investment services, consulting and advisory services, property management and development. For more information, visit mosestucker.com.
About Newmark Grubb Arkansas
Newmark Grubb Arkansas was founded in 2004 as a full-service commercial management, brokerage and development firm and has grown to offices along the Arkansas River in North Little Rock, in Bentonville adjacent to Walmart’s headquarters and in the growing community of Conway. The firm worked with several Fortune 500 companies and managed more than $100 million in transactions in 2017. The team developed a large part of downtown North Little Rock and the Argenta District, as well as many of the most recent highest profile projects in Bentonville. Newmark Grubb Arkansas is an affiliate of Newmark Knight Frank, one of the largest commercial real estate services firms in the world, allowing NGA access to a global platform of real estate financial services and capital. In 2013, Newmark Grubb Arkansas added members of Nabholz Properties’ Brokerage Division of Conway to its team, including broker Greg Nabholz. That brokerage team will remain a part of the newly created Moses Tucker Partners. For more information, visit ngarkansas.com.