Newmark Facilitates Sale of Shaw Commerce Center, a 398,100-Square-Foot Industrial Portfolio in Fresno, CA

March 11, 2026 9:00 AM

Newmark announces the Company has arranged the sale of Shaw Commerce Center, a premier shallow-bay industrial portfolio located at 4603 N Brawley Ave and 4055-4069 W Shaw Ave in Fresno, California.

Newmark Executive Managing Director Andrew Briner, Associate Director Aaron Banks, Co-Head of U.S. Capital Markets Kevin Shannon, Vice Chairman Ken White and Associate Director Luke Easton represented the seller, EastGroup Properties. The buyer was Graceada Partners.

The portfolio comprises six shallow-bay industrial buildings totaling 398,100 square feet on 22.6 acres in the Central Valley market’s Fresno submarket. The buildings range in size from 22,500 to 111,200 square feet and are occupied by 25 unique tenants with spaces ranging from 6,000 to 50,000 square feet. The property was 94% leased with a weighted average remaining lease term of 2.5 years and in-place rents approximately 13% below current market levels at time of sale, providing significant embedded upside potential.

“The sale of Shaw Commerce Center reflects the continued demand for high-quality, shallow-bay, infill industrial product in Central California,” said Banks. “The portfolio’s functional design, diversified rent roll and embedded upside offered a compelling investment profile that resonated with prospective buyers and drove a competitive process.”

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 December 31, 2025, Newmark generated revenues of over $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with nearly 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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