Newmark Tapped to Lease 450,000-SF Built-to-Suit Industrial Facility, 75 Depot Road, in Greater Boston

May 14, 2025 9:00 AM

Newmark announces it has been appointed as exclusive leasing agent for 75 Depot Road, a 450,000-square-foot Class A industrial facility in Oxford, Massachusetts. Newmark Executive Managing Directors Tyler McGrail, Ed Jarosz and Rick Schuhwerk, along with Associate Director Michael Malinconico, will lead spearhead leasing efforts on behalf of ownership.

75 Depot Road is situated on a 130-acre parcel, strategically located on Interstate 395, with immediate access to Greater Boston’s key logistics corridors. Designed with flexibility in mind, the facility can accommodate a single tenant or be subdivided into floorplates starting at 150,000 square feet. Features include 32-foot clear heights, 114 loading docks, two drive-in doors and significant trailer and car parking. The project is fully entitled, with an expected construction timeline of approximately 12 months to completion.

“This is one of the most compelling development opportunities in the region—pairing world-class infrastructure with a location that’s already proven for large-format logistics,” said McGrail. “Proximity to Amazon and McKesson’s recently secured facilities in Uxbridge underscores the draw of this area, and we’re honored to work alongside Oxford Land Ventures and Charles River Realty to identify users who match the quality and scale of the offering.”

According to Newmark Research, tenant demand for efficient, well-located space makes this a timely addition to the market. Despite broader recalibration, Greater Boston’s industrial sector remains resilient—vacancy stands at 8.8%, construction has slowed and asking rents reached a record-high of $16.64/SF triple-net.

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.