Newmark Completes Sale of One Million-Square-Foot Industrial Park in Houston, Texas

July 2, 2025 9:00 AM

Newmark announces the company has arranged the sale of Fairbanks Logistics Park, a four-building, one million-square-foot industrial park at 8702-8726 Fairbanks North Houston Road in Houston, Texas. Newmark Vice Chairman Reggie Beavan and Senior Managing Director Joshua Brown represented the buyer, a leading global electronics manufacturer, in the transaction. The seller was Dalfen Industrial. The Class A property will support the buyer’s development of an AI server manufacturing facility.

“This landmark transaction underscores Houston’s growing prominence as a premier hub for global manufacturing,” said Beavan. “We’re proud to have supported the buyer in this significant acquisition and value their continued trust in our team’s expertise.”

Delivered in 2023, Fairbanks Logistics Park features modern front-load configuration with 180’ truck courts, 32’ clear heights and abundant car and trailer parking. The four buildings include more than 200 dock doors and 10 grade-level doors, along with an additional five-acre paved yard with 148 trailer parking spots.

“This full-park acquisition represents a strategic decision by the buyer to establish a centralized footprint in Houston’s most sought-after industrial submarket,” said Brown. “Fairbanks Logistics Park offers the scale, efficiency and connectivity needed to support long-term growth and operational goals.”

Situated in Houston’s Northwest industrial corridor, the property offers unparalleled access to major transportation nodes, including Beltway 8, Highway 249 and Highway 290, and is strategically positioned 17 miles from George Bush Intercontinental Airport, 19 miles from downtown Houston and 26 miles from Port of Houston.

According to Newmark Research, Houston’s Northwest submarket remains one of the region’s most active and desirable areas for industrial occupiers, accounting for four of the five largest transactions in Q1 2025. Recent activity highlights sustained demand from global manufacturers, with Tesla and Daikin securing the quarter’s top leases at 1.7 million square feet and 494,800 square feet, respectively, reinforcing the submarket’s strength as a hub for large-scale industrial operations.

[1] By Square Footage
[2] According to Newmark Research

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 March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 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.