Newmark Facilitates $40.2 Million Sale of Mission-Critical Industrial Facility in Alpharetta, Georgia

August 28, 2025 9:00 AM

Newmark announces the Company arranged the $40.2 million sale of 3000 Marconi Drive, a 251,729-square-foot, mission-critical industrial facility located in Alpharetta, Georgia. Newmark Senior Managing Director Casey Keitchen and Associate Director Collin BeVier represented seller JDM Partners. Executive Managing Directors Barry Gabel, Chris Marchildon and CJ Osbrink also supported the transaction.

The transaction builds on a longstanding relationship between JDM Partners and Newmark’s Capital Markets team, marking the latest in a series of dispositions. Newmark earlier arranged a sale of the property’s sister asset, located in Irving, Texas, reinforcing the Company’s ability to execute multi-market industrial portfolios across geographies.

“We ran a competitive process with over 150 confidentiality agreements signed and a robust slate of qualified offers,” said Keitchen. “This resulted in a streamlined close with strong pricing and no retrades, a testament to the strength of the asset and the market.”

3000 Marconi Drive is fully leased to a leading U.S. property and casualty insurance provider, and functions as one of the two national printing and imaging centers. The property offers 10 megawatts of power and sits in the heart of Atlanta’s highly sought-after North Fulton submarket.

“Buyers are increasingly looking at industrial assets through a flexible lens,” added Keitchen. “If the current tenant were to vacate, the buyer sees a clear path to repositioning this asset as a co-location data center due to its significant power capacity, fiber connectivity and favorable demand drivers.”

According to Newmark Research, select buyers are reemerging with capital to deploy in high-quality assets in strong locations, particularly when supported by local market knowledge and institutional-grade property fundamentals. The sale of 3000 Marconi underscores this trend, exemplifying continued investor interest in stable, well-located assets amid broader capital markets recalibration. Investors are selectively pursuing opportunities that align with long-term growth strategies, especially in markets demonstrating economic resilience and strong leasing fundamentals.

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 June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 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.