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ewmark Group, Inc. (Nasdaq: NMRK) has announced that Excess Space Retail Services, Inc., a Newmark company, will serve as the exclusive real estate advisor for Jack in the Box Inc.'s strategic disposition of approximately 150 to 200 restaurant locations primarily in the western United States.

    As part of Jack in the Box's broader strategy to streamline operations and improve financial performance, Excess Space will lead the effort to identify and implement disposition solutions that maximize value across the geographically diverse portfolio. The assignment is led by Executive Managing Directors Howard Goldfarb and Leo Greco.

    "This opportunity allows us to leverage our expertise in portfolio optimization to support Jack in the Box's mission-critical mandate," said Michael Wiener, President of Excess Space. "We're proud to partner with them and look forward to executing a best-in-class approach."

    Excess Space provides lease restructuring, terminations, subleasing, and property sales services for retailers across the U.S., with recent clients including Party City, Advance Auto Parts, and JCPenney. The team has managed projects involving portfolios of all sizes and helped clients reduce real estate liabilities by more than $6 billion.

    Newmark Group, Inc. is a world leader in commercial real estate, providing comprehensive services and products tailored to each client's needs. With revenues exceeding $2.8 billion for the twelve months ended March 31, 2025, Newmark operates from 165 offices with approximately 8,100 professionals across four continents.