January 6, 2026 9:00 AM
Newmark announces the Company has secured 58,000 square feet of office leases on behalf of ownership at its Class A office building, 9 Entin Road, in Parsippany, New Jersey. Newmark Senior Managing Director Jamie Drummond, Associate Director Andrew Perrotti and Associate Luke Reid facilitated the transactions on behalf of ownership, the real estate investment and management company, American Equity Partners (“AEP”). With these recent commitments, the building has now reached over 90% occupancy.
“With ownership’s commitment to investing in the property, 9 Entin Road has been elevated into a true Class A environment that resonates with today’s office users,” said Drummond. “Surpassing 90% occupancy underscores both the strength of the asset and the market’s response to a building that delivers quality, amenities and long-term value.”
An overview of the transactions include:
- Provident Bank, which signed a new long-term lease for 23,000 square feet. Jeff Babikian and Mark Trevisan of CBRE represented Provident.
- TILCON, which signed a long-term lease extension for its existing footprint of 35,000 square feet. Josh Cohen and Ben Brenner of C&W represented Tilcon.
“Our investment strategy at 9 Entin Road has always been centered on creating an environment where tenants want to stay and grow,” said David Elkouby, President of AEP. “The building’s continued leasing traction and retention reflects our long-term commitment to delivering a Class A experience that supports our tenants’ success.”
9 Entin Road is a three-story, 200,000-square-foot office building strategically located directly off Interstate 287 in the Parsippany Route 10 corridor. Ownership recently implemented and completed a multi-million-dollar capital improvement project at the property, delivering upgrades such as a state-of-the-art conference center, tenant lounge, food service, new modern lobbies and restrooms, a fitness center with locker room and shower facilities and updated landscaping. There are two remaining units available, accommodating 7,000 to 10,000 square feet, respectively.
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 year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark’s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. 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.