Longtime Oklahoma City commercial realty executives Harrison Levy, Mark Beffort and Tim Strange and associates have formed a new commercial property brokerage, Newmark Grubb Levy Strange Beffort.
While new, the merged concerns date to 1905, when Levy's grandfather, Leon, founded a real estate and mortgage firm downtown, two years before statehood. Beffort and others started his arm of the new firm in 1996.
Levy and Beffort came together in 2004 to form Grubb & Ellis-Levy Beffort, which now has joined with William T. Strange & Associates, formerly associated with Sperry Van Ness, to form Newmark Grubb Levy Strange Beffort. Levy is chairman. Beffort is CEO. Strange is president.
The merger will be formally revealed Wednesday at an event on the 50th floor of Devon Tower.
“We are very excited about our merger. Tim has developed a firm with tremendous talent focusing on an investment services platform which complements our strengths in investment services, corporate services and project leasing,” Beffort said. “The merger brings together the best in class professionals, each with a specific focus and unique skill set that will enable us to deepen the value we bring to our clients.”
Newmark Grubb Levy Strange Beffort has a staff of 136 in Oklahoma City and Tulsa, including 30 brokers who work with tenants, landlords, investors and developers in all sectors of commercial real estate.
The firm, locally owned and managed, is an affiliate of Newmark Grubb Knight Frank, which, with London-based Knight Frank, employs 11,000 people in 340 offices worldwide, and is part of New York-based BGC Partners Inc.
“Our affiliation with Newmark allows us to continue to offer our clients the most comprehensive, forward-thinking commercial real estate brokerage, consulting and management services available,” Beffort said.
Strange had been affiliated with Sperry Van Ness, based in Irvine, Calif., since 2004. He said he left Sperry Van Ness for positive possibilities, not for negative reasons.