EQ Office names Newmark exec director of leasing in Seattle
EQ Office, a Blackstone Group real estate investment trust, has bought four Seattle office towers for $1.9 billion.
David Marks, EQ Office's director of leasing for Seattle, was announced by the company on Tuesday.
This is a new position for EQ Office which is Blackstone Inc. (NYSE:BX)'s U.S. portfolio company. Marks is responsible for the day-today leasing of EQ Office's portfolio, which comprises 3.3 million square feet. The portfolio includes four assets from the 20th century: DocuSign Tower (the Exchange), US Bank Center (800 Fifth) and US Bank Center.
EQ purchased the assets at a cost of $1.9 billion and began renovations.
Marks joins EQ after working at Newmark as a Director, where he was responsible for leasing over 6 million square foot of office space. Marks completed more than 400 leases, and he was a consultant on sales and acquisitions. He began his career with JLL's Industrial team and then worked for The Broderick Group. He played minor-league baseball for the Boston Red Sox.
Marks has a Bachelor's Degree from the University of Washington School of Business.
Earlier this summer, EQ completed a renovation project of 800 Fifth's 1 million square feet. US Bank Center is undergoing a repositioning project worth up to 70 million dollars. It had previously renovated the First Avenue lobby at the Exchange. The former owner of DocuSign Tower has repositioned this asset.