February 20, 2026 9:00 AM
Newmark announces the Company has arranged four new office leases totaling 88,625 square feet at boutique, Class A office building 386 Park Avenue South located in NoMad, Manhattan. The recent momentum reflects commitments from high-growth, forward thinking companies, with tenants spanning venture capital, artificial intelligence software and flexible workspace.
Newmark President, New York Tri-State Region David Falk, Executive Managing Director Eric Cagner, Dylan Weisman and Claire Koeppel serve as exclusive leasing agents at the property and represented ownership, HSR Corp., in the lease negotiations.
An overview of the recent leasing activity includes:
- Primary Ventures, signed a 26,252-square-foot lease across the 13th and 14th floors. Newmark’s Howard Hersch and Lindsay Goddard.
- Sigma Computing, Inc., leased 26,252 square feet on the fifth and sixth floors, represented by Newmark’s Brent Ozarowski.
- Industrious, signed a 23,000-square-foot lease on the 18th and 19th floors, represented by Cushman & Wakefield’s Justin Halpern and Ed Wartels.
- ModernFl, leased 13,121 square feet on the ninth floor, represented by JLL’s Justin Haber, Kyle Riker and Emma Gil.
386 Park Avenue South is a 20-story, 260,162-square-foot office building that has been comprehensively repositioned to meet the needs of modern office users. The property offers full-floor, move-in-ready pre-built suites featuring efficient side-core layouts, expansive collaborative floor plates, pre-built restrooms and centralized eat-in kitchens with bar seating. Recent upgrades include design-forward interiors, exposed ceilings and modern building systems.
“386 Park Avenue South has long attracted high-caliber, forward-thinking companies,” said Cagner. “This momentum reinforces the building’s position as an aspirational workplace environment, with ownership continuing to invest in the quality and design that today’s tenants expect.”
Located in the heart of NoMad, the building is surrounded by Manhattan’s premier dining, retail and hospitality destinations and benefits from immediate access to major transportation hubs including Penn Station, Grand Central Terminal and multiple subway lines.
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 twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. 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 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.