DURHAM, N.C. — The Guess Corp. selected real estate firm Newmark Grubb Knight Frank as its exclusive commercial real estate broker, who will be responsible for helping the company’s petroleum unit to build a portfolio of 1,000 gas station/convenience stores over the next 12 months.
"We are delighted to have the support of Newmark Grubb Knight Frank as our real estate broker of record. Its firm is well-suited to take care of our real estate needs across the country and globally," said Cutie Shrestha, senior executive vice president and chief development officer for The Guess Corp.
As the company's broker of record, Newmark Grubb Knight Frank will provide full-service real estate services to the company and all of its subsidiaries. Dean Tselepis, director at the real estate firm, is leading the efforts.
“Our team is pleased to be working with The Guess Corp. on its multi-faceted real estate expansion,” said Tselepis. “Providing an upscale gas/convenience experience with its innovative c-store concept will differentiate the firm amongst competitors in markets throughout the country.”
As CSNews Online previously reported, Durham-based The Guess Corp. announced GP Express will be the brand name for its upscale convenience store chain. Orlando, Fla.-based Scott + Cormia is overseeing the architecture and design for the gas and convenience store portfolio.
Newmark Grubb Knight Frank, together with London-based partner Knight Frank and independently-owned offices, employs 14,100 people who operate from more than 400 offices in established and emerging property markets on six continents.
The Guess Corp. is a conglomerate that began as a trader of diamonds and expanded into more than 20 business areas since 2012. The company's projected revenue for 2016 is $250 million and its asset base currently exceeds $100 million.