February 16, 2021, 12:00 PM
Newmark announces the 15,475-square-foot headquarter lease of Puris Holdings, LLC. (PURIS) at 811 Glenwood Avenue in Minneapolis, Minnesota. PURIS is one of the largest manufacturers and suppliers of pea proteins in the burgeoning plant-based protein industry, with existing plants in Dawson, Minnesota and Turtle Lake, Wisconsin. Newmark Executive Managing Director Jim Damiani and Directors Ryan Bohrer and Andrew Commers represented PURIS, the tenant, in the transaction to landlord, The Ackerberg Group. Newmark Director Karen Barron is handling the project management of PURIS’ new space build-out.
“As a leading agricultural innovator, PURIS is a key, growing Minnesota company and continues to root themselves strategically in markets across the Upper Midwest,” commented Ryan. “811 Glenwood Avenue is well-positioned and offers the space for PURIS’ expanding headquarters.”
Built in 1924 as a dry goods storage facility, 811 Glenwood Ave is a cornerstone of a developing corridor in the West Loop neighborhood just outside the Minneapolis Central Business District. The property sits across the street from International Market Square, the largest interior design marketplace in the Upper Midwest.
“Minneapolis’ talent and resources are second to none, driven by the strong agricultural space of food science and technology already in the city,” shared Tyler Lorenzen, CEO of PURIS. “Expanding our headquarters, the office will focus more on utilities rather than the square feet to impact the sustainability of plant-based food.”
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow @newmark.
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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.