Newmark is pleased to announce it has recently completed a 355,000-square-foot lease to Quiet Logistics at 64 Jackson Road in Devens, Massachusetts. Newmark Executive Managing Directors Rick Schuhwerk, Ed Jarosz and Tony Coskren, along with Managing Director Brian Pinch and Associate Lizzie Kusbit represented the property owner, GFI Partners, in the transaction.
Built in 2000, 64 Jackson Road is a 355,000-square-foot, Class A warehouse/distribution facility on 34.89 acres. Located in Devens Commerce Center, 64 Jackson Road is a first-class facility featuring 26’ ceilings, full AC and humidity control, state-of-the-art infrastructure, 28,000 AMPS and a full-service cafeteria. GFI Partners acquired 64 Jackson Road vacant in March of 2018.
Relocating from 184,077 square feet at 235 Barnum Road in Devens, Quiet Logistics is a fulfillment provider specializing in innovating brands and e-commerce solutions. The rapidly growing firm sought larger space to house its workforce and signed the full-building lease at 64 Jackson Road. Newmark represented ownership in the lease negotiations while Quiet Logistics was represented by Colliers International.
“Quiet Logistics will enjoy the benefit of expanding their footprint within Devens in a state-of-the-art facility with unmatched distribution access throughout New England,” said Coskren. “The transaction is a testament to GFI’s creativity and forward thinking, having acquired the vacant facility just six months prior securing the full-building user.”
GFI Partners is a full-service real estate advisor based in Boston, Massachusetts. Founded in 1997, GFI has successfully permitted, developed and acquired projects across the U.S. As a vertically integrated company, GFI manages all aspects of the investment from underwriting to permitting through constructing and stabilization and has worked with many of the world’s leading real estate investors and banks.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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Statements in this document regarding Newmark Group 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. Except as required by law, Newmark Group 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 Group’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.