Newmark Represents Akorbi in Expansion to El Paso, Texas, Marking its Ninth Facility Location

June 26, 2023 10:00 AM

Newmark announces that Akorbi, a Texas-based multilingual digital solutions, translation and localization company, has signed a new, 10,573-square-foot office lease at 1359 Lomaland Drive in El Paso, Texas. The lease signifies the fast-growing, women-led company’s ninth facility expansion outside of its Plano, Texas headquarters.

Newmark Senior Managing Director Jeff Pappas represented Akorbi in the lease transaction. Will Brown and Michael McBroom of Sonny Brown Associates represented the landlord.

“Akorbi was seeking to expand its translation and interpretation business unit, and required a location that was accessible to a high concentration of multilingual professionals,” said Pappas. “I’m proud to have helped Akorbi secure the ideal lease for its growth plans.”

The added location marks a significant milestone for Akorbi, as the new El Paso office showcases the company’s commitment to growth, and providing highly compliant, secure facilities for its financial and healthcare clients, while also broadening its reach in the diverse multilingual sector.

Akorbi is taking space in a one-story, state-of-the-art, multi-tenant office building in El Paso’s Vista del Sol submarket. The property is directly adjacent to the I-10 freeway and proximate to many retail, dining and entertainment options along Lomaland and Pelicano Drive.

”It’s an exciting time in our history at Akorbi,” said Claudia Mirza, Founder and CEO of Akorbi. “Last year we grew our on-demand telephonic interpretation by 116%, we achieved an important technology certification in our industry, ISO 27001, and we invested in technology and senior talent to give us a projected growth this year of 300%. We envision the success of 2023 to be in large part due to this expansion into El Paso, which is expected to be fully operational by July 2023. We look forward to building out our team to meet the changing needs of our client base while also continuing to specialize in highly compliant industries.”

About Akorbi
Akorbi is a group of companies that connects clients through technology, language and workforce solutions. Akorbi’s solutions-oriented technology platforms offer customizable enterprise solutions that eliminate language barriers, improve client outcomes and reduce costs through localization, interpretation and workforce solutions with multilingual customer support (MCS) capabilities. The company recently invested in a sophisticated, low-code technology platform, RunMyProcess, that provides a fully optimized, end-to-end solution that automates workflows to integrate enterprise business applications to transform digital assets and achieve office automation.

One of the largest U.S.-based, woman-owned companies providing multilingual digital transformation solutions that enable companies to succeed in the global economy, Akorbi holds several highly audited certifications, including ISO 27001, ISO 9001, ISO 13485, ISO 17100, HUB, and M/WBE. To learn more, please visit akorbi.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of March 31, 2023, Newmark’s company-owned offices, together with its business partners, operate from over 170 offices with approximately 7,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.