NEWMARK MOSES TUCKER PARTNERS/LASITER GROUP ANNOUNCE STRATEGIC ALLIANCE

Newmark Moses Tucker Partners and the Lasiter Group announced today that the two companies have formed a strategic alliance to engage in the practice of commercial real estate brokerage, management and development. Principals in the two companies have collaborated before, notably with downtown Little Rock development projects, building on the progress that has been made over the past 2 decades. The Lasiter Group is nearing completion of the Villa Vue apartments at 13th and Scott in SoMa and the Rose Building apartments on Main Street. Newmark Moses Tucker Partners will lease and manage both projects.

Newmark, with offices in Little Rock, Fayetteville and Bentonville, and Lasiter collectively manage about 6.7 million square feet of commercial space. “We expect the synergy between the 2 groups to be significant,” said Chris Moses, President and CEO of Newmark Moses Tucker Partners. “We are delighted to start this new venture with Tommy Lasiter and his team.”

Tommy Lasiter, president of the Lasiter Group, has been in real estate development and investment with the Doyle Rogers Company in Arkansas for over 40 years. “As we establish our vision for the next 10 years, it makes sense for our group to affiliate with another market leader,” said Lasiter. The Lasiter Group has moved its offices to the Arkansas Capital Commerce Center in Little Rock’s River Market District alongside Newmark Moses Tucker Partners.