Walchle Lear has been acquired by Newmark Grubb Knight Frank

The private shareholders of Walchle Lear Multifamily Advisors (Walchie Lear) have sold the company to Newmark Grubb Knight Frank (NGKF) for an undisclosed consideration.

Led by Bart Walchle, Steve Lear, Erik Bjornson and Tyler Nilsson, Walchle Lear specializes in the brokerage of multihousing communities and multifamily, residential and mixed use land throughout North Florida and Southeast Georgia. In addition to selling many of the area's institutional-quality multihousing communities, Walchle Lear has extensive experience marketing seasoned and value-add properties. Through its years of experience, the firm has gained a tremendous amount of respect within both the institutional and acquisition rehab investor communities. The firm also carries expertise in all issues related to development, including entitlement, growth management, planning and engineering. Based in Jacksonville Beach, Florida, Walchle Lear will operate under NGKF's ARA brand.

NGKF, a division of BGC Partners, Inc., is one of the world's leading commercial real estate advisory firms. With roots dating back to 1929, the firm's strong foundation makes it one of the most trusted names in commercial real estate. NGKF's full service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services.

Oaklins' team in Jacksonville advised the seller in this transaction.