DENVER, CO (July 7, 2025) — Newmark, in collaboration with United Properties, announces the Company has arranged the $25.5 million sale of Enterprise Business Center Building 7 (“EBC 7”), a premier 157,942-square-foot industrial property located at 9420 E. 40th Avenue in Denver. The buyer is Dream US Industrial Fund, an entity of Dream REIT.

Executive Managing Director Mike Wafer and Executive Vice Chairman Tim Richey, Managing Directors Michael Wafer Jr. and Mike Viehmann, Associate Director Jack Richey and Analyst Sean Fitzgerald represented the seller, United Properties, which started development on Enterprise Business Center in 2015 and constructed Building 7 in 2017. EBC 7 has since served as a cornerstone and the “front door” of the award-winning development, strategically located near the intersection of I-70 and Central Park Boulevard in Denver’s East submarket. Known for its exceptional access, proximity to major highways and robust labor pool, the EBC campus is home to major tenants including FedEx, Coca-Cola, Breakthru Beverage, Tire Rack and Aramark.

“Enterprise Business Center has stood as a testament to thoughtful development and enduring value over the past decade,” said Chris Wold, Vice President of Asset Management for United Properties. “The sale of EBC 7 is a strategic transaction as we look to continue development in the Denver market, including 817,000 sq ft under construction at Aero 70.”

“EBC 7 checks every box for today’s industrial investor, as a Class A building in a core infill location, with the upside of below market rents and a short-term WALT,” added Wafer. “Interest in the property was extremely strong which is a testament to both the quality of the asset and the overall development by United Properties.”

The property features Class A industrial amenities including 24-foot-clear ceilings, ESFR sprinklers, high-end office/showroom buildouts and a large truck court, among other amenities.

According to Newmark Research, the Denver’s east region is the largest and most institutionally-owned industrial submarket, accounting for roughly 42% of the market’s inventory and 62% of its absorption.

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.

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AUSTIN, TEXAS (Jan. 13, 2025) — Buda Midway continues to attract diverse businesses as United Properties announced today new tenant commitments totaling over 60,000 sq. ft. of Class A industrial space. The latest additions include Cintas Corporation, a leading provider of corporate identity uniform programs and facility services, leasing 32,880 sq. ft. in Building 6 of Phase 2. Coated Metals Group (CMG), a manufacturer of pre-finished steel products for the construction industry, has secured 27,075 sq. ft. in Building 7, with plans to begin operations later this year.

“These new leases demonstrate the strong appeal of this Class A industrial complex in Buda, Texas, particularly as companies seek to establish and strengthen their presence in the rapidly growing Central Texas region,” says Brenda Studt, development director, United Properties.

Buda Midway, developed by United Properties, is strategically located 15 miles south of Austin and 17 miles from Austin-Bergstrom International Airport. The development offers easy access to major transportation routes, including Interstate 35 and State Highway 45, providing excellent connectivity to key markets across Texas.

The Buda Midway development features Class A industrial space with modern amenities, including 30- to 32-foot clear heights, ample parking and dock doors. Additionally, each building in the complex includes speculative office spaces, offering flexible options for tenants requiring both warehouse and office facilities. The project’s second phase, which includes Building 6, consists of over 382,000 sq. ft. of space across four buildings.

“Designed to support Central Texas light industrial and distribution tenants, Buda Midway Phase 2 was consciously designed with various goals in mind, including complementing the earlier delivered first phase of the park, enhancing the surrounding community through sophisticated aesthetic, landscaping and sustainable components, and integrating into the economic and social fabric of the community. Buda Midway’s location boasts excellent access and visibility to and from Interstate 35, and proximity to local restaurants and retail, making it a convenient choice,” says Studt. “We are delighted that Cintas has chosen a prime location at Buda Midway in Building 6.”

Leigh Ellis, Society of Industrial and Office Realtors (SIOR), principal at AQUILA Commercial and part of the leasing team for Buda Midway, comments, “The strong leasing momentum at Buda Midway continues as we welcome Cintas and CMG to our growing roster of tenants. These latest deals are part of an active period that showcases the growing appeal of Buda as a strategic location for businesses looking to establish or expand their presence in Central Texas. The combination of Buda Midway’s modern facilities — including spec offices in each building and a prime location near Austin — makes it an ideal choice for companies across various industries. What truly sets Buda Midway apart from its competitors is its superior design quality. Unlike typical industrial developments, Buda Midway was thoughtfully designed, creating a visually appealing and professional environment that continues to attract quality tenants to the project.”

For more information about Buda Midway and leasing opportunities, please contact Leigh Ellis, SIOR (ellis@aquilacommercial.com), Blake Patterson (patterson@aquilacommercial.com) or Omar Nasser (nasser@aquilacommercial.com).

Learn more about the property at budamidway.com.

About AQUILA Commercial
Founded in 2007, AQUILA Commercial is a recognized leader in Austin commercial real estate. Today AQUILA manages and leases over 23 million square feet of office, industrial, and retail properties and has over 600 corporate tenant representation clients. AQUILA offers clients full-service real estate solutions providing tenant representation, project leasing, and asset, property, and project management services for office, industrial, and retail properties. For more information, visit: www.aquilacommercial.com.

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MINNEAPOLIS (Jan. 9, 2025) — United Properties is poised to bring its new senior living concept, Amira Villas, to the Minnetonka community in 2025. Located at 901 Carlson Pkwy., Amira Villas Minnetonka will consist of eight, three-story residential buildings with a total of 30 villas. The new 55-plus active adult rental community will enhance the residential offerings at the existing Amira Minnetonka campus located in the northwest quadrant of Interstates 494 and 394.

Amira Villas will introduce a new housing option in the Minnesota market, with units designed to offer spacious, one-level living to accommodate active adults who want more flexibility and less responsibility without downsizing. The elevator-serviced, single-level villas offer more space than most townhouses or traditional senior living options. Floor plans range from 1,570-sq.-ft., two-bedroom, two-bathroom to 2,255-sq.-ft., three-bedroom, 2.5-bathroom designs and include private garages. Amira Villas residents will have full access to the existing amenities, activities and programming offered to Amira Minnetonka residents.

“We are excited to expand our offerings within our Amira communities,” says Dave Young, vice president, senior living development, United Properties. “Amira Villas will offer a unique living experience that aligns with our mission of creating vibrant, supportive environments for 55-plus active adults in the Minnetonka community.”

The pet-friendly homes also include upscale finishes, secured private entries, in-unit washers and dryers, walk-in closets, kitchen islands, ceramic tile showers, flex room space and oversized decks. The community will have parking for approximately 20 guests on the east side of the property.

Pre-leasing agreements for Amira Villas Minnetonka are currently available, and future residents can expect to move in this summer. To learn more, visit amiracommunities.com/senior-living/mn/minnetonka/carlson-pkwy/villas.

The Minnetonka City Council approved the construction of the 2.3-acre development on Aug. 26, 2024. Project partners include T5 Real Estate Solutions, Bremer Bank, Whitten Associates, RT Residential and Great Lakes Management.

MINNEAPOLIS, MN (Nov. 13, 2024) — United Properties is pleased to announce that The Ellie, its recently completed residential development, has received the 2024 Sustainable Eden Prairie Award in recognition of its exemplary water conservation efforts. This annual award recognizes significant and innovative investments that contribute to the overall vitality and sustainability of the community.

“We’re thrilled that The Ellie has been recognized for its thoughtful approach to sustainable design, especially in the area of water conservation,” says Carrie Eggleston, senior development manager, United Properties. “We set out to create a sustainable home within the ‘garden of the prairie,’ and The Ellie is just that — a modern example of an innovative, environmentally conscious development.”

Named in honor of Elizabeth Fries Ellet, the woman credited with naming Eden Prairie, The Ellie is a four-story, 239-unit rental property on 6.4 acres of land located at 8075 Eden Prairie Rd.

The Sustainable Eden Prairie Award recognizes the property’s water conservation efforts, which include:

• WaterSense showerheads in all units, reducing water usage without compromising performance.
• A central courtyard that maximizes green space with bioswales and native plantings to filter stormwater, while permeable soil mixes aid stormwater absorption and treatment.
• Rainwater collection systems for stormwater reuse in resident garden plots, fostering sustainable water practices within the community.
• Green roof installation over the building’s entry, along with six “green pocket” roof sections on the fourth floor. These green roofs contribute to stormwater management by reducing runoff while also providing energy savings and improving air quality.
• A reduced-size, on-site pool that minimizes water consumption.

The Ellie’s comprehensive sustainability efforts span beyond water conservation, addressing energy efficiency, waste reduction and ecological landscaping.

Energy efficiency

Through Xcel Energy’s Energy Design Assistance (EDA) program, The Ellie implemented computer energy modeling to optimize energy use and cost savings. The building achieved a 14% annual electric consumption reduction, 18% demand savings and 33% less natural gas usage. Additional features include ENERGY STAR-rated appliances, programmable thermostats, high-efficiency LED lighting and electric vehicle (EV) charging stations, earning The Ellie a top ENERGY STAR Portfolio Manager score of 100 out of 100.

Landscape preservation

The Ellie preserved seven heritage trees on-site, seamlessly integrating them into the design to provide shade and enhance the area’s natural beauty. Native plants were chosen for landscaping, reducing water use and supporting local biodiversity by attracting pollinators. These features enrich the outdoor space and reflect The Ellie’s commitment to sustainable, low-impact design.

Waste management

Sustainable practices also guided The Ellie’s waste management. Four single-family homes originally on-site were relocated for reuse, reducing construction waste. The property achieves a 54.31% operational waste diversion rate, with more than half of all on-site waste recycled.

The Sustainable Eden Prairie Awards, chosen by the city’s Sustainability Commission, recognize projects that demonstrate commitment to environmental stewardship. To learn more about The Ellie, go to theelliemn.com.

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AUSTIN, TEXAS (Oct. 29, 2024) — United Properties, a leading commercial real estate developer with offices in Minneapolis, Austin and Denver, is proud to announce significant achievements for its first two Austin, Texas, multi-family developments: Bishop Momo and Shelby Ranch.

Bishop Momo

Bishop Momo, a 274-unit apartment complex located in the St. Elmo District of South Congress at 4341 S. Congress Ave., has opened and welcomed its first tenants. This marks the completion of the company’s first multi-family deal in Austin, Texas, a significant milestone in its expansion efforts. The development includes market-rate and affordable studio, one- and two-bedroom apartments. Additionally, the project has 6,000 sq. ft. of street-level retail, structured parking and Class-A amenity spaces.

“We are thrilled to see Bishop Momo completed and are excited about the vibrant community it will foster,” says Victor Young, senior vice president, Austin commercial development, United Properties. “This development is a testament to our commitment to creating spaces that enhance the quality of life for our residents.”

Bishop Momo was designed to reflect its St. Elmo District/South Congress location. “From the industrial-inspired exterior architecture and unexpected interior design aesthetic to the playful branding and project story, Bishop Momo is at one with the neighborhood,” Young adds.

Learn more about Bishop Momo at bishopmomo.com and follow on Instagram.

Shelby Ranch

Shelby Ranch, a 302-unit project located at 2210 Lynnbrook Dr. in South Austin, recently received a Certificate of Compliance (COC) and welcomed its first tenants. The initial phase of the project included delivering approximately 150 units, 3,500 sq. ft. of amenity spaces, and a 1.5-acre pool and courtyard.

Sitting on 8 acres, the development is designed with green initiatives to celebrate nature, including South Austin’s big Texas sky, with a laidback vibe. The property is a Certified Wildlife Habitat featuring honey-producing bees, raised garden beds, native plants, fruit-bearing trees, rainwater collection, and numerous rain gardens and dry creeks. Although not required, as the project is located within Austin’s extraterritorial jurisdiction (ETJ), great lengths were taken to preserve three heritage trees on the northern portion of the site, creating a shaded oasis for years to come.

“It was important for us to make this a premier residential experience while preserving the surrounding ecosystem,” says Brenda Studt, development director, United Properties. “Creating an environment that welcomes wildlife, including maintaining the heritage trees on site, adds to what Shelby Ranch is all about — celebrating South Austin, the outdoors and cultivating community.”

Shelby Ranch includes studio, one-, two-, and three-bedroom apartments with large windows and private balconies. Other features include modern kitchens, energy-efficient appliances and wood-style floors. Amenities include a workshop/makerspace, fitness center, co-working space, resident lounge, dog park and chicken coop.

Learn more about Shelby Ranch at liveshelbyranch.com, take an online tour at tour.theviewvr.com and follow on Instagram.

Key stakeholders for both projects include:
• Architect: Belshaw Mulholland Architects
• Landscape architect: TBG Partners
• Civil engineer: Civil & Environmental Consultants, Inc. (CEC)
• Contractor: OHT Partners

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AURORA, COLORADO (Oct. 16, 2024) — United Properties is pleased to announce the acquisition of 129.26 acres of prime industrial land in Aurora, Colorado. The site will be developed as the Aero 70 industrial complex, located adjacent to the future interchange of Aerotropolis Parkway, a new major arterial roadway, and Interstate 70. United Properties closed on the property on Oct. 16.

“United Properties immediately recognized the potential of the Aero 70 industrial park property,” says Jim Bolt, vice chairman, CBRE. “Adjacent to the highly successful Park 70 development, the future development on the Aero 70 site will offer state-of-the-art industrial buildings available for lease and purchase, as well as land sites for sale, all with excellent visibility, toll-free access and unique highway access through the new Aerotropolis Boulevard interchange off I-70.”

The development of Aero 70 will occur in two phases:

Phase I: Industrial development

The first phase will deliver two 400,000-sq.-ft. cross-dock industrial buildings, divisible from 100,000 sq. ft. and up. These buildings will feature abundant trailer parking, exceptional highway visibility and direct access to the new interchange.

“We expect Phase I to deliver in late 2025, which aligns with market demand,” says Todd Witty, senior vice president, CBRE. “This timing coincides with the projected need for additional new industrial supply in the Denver area. We’ve seen increased demand from large occupiers in 2024, positioning the market for growth in 2025.”

Phase II: Future development

Phase II will develop an additional 65.73 acres, conceptually designed to accommodate up to 1.1 million sq. ft. of cross-dock space, with flexibility for future expansion depending on market conditions.

Strategic location and vision

“We are excited to expand our footprint in the dynamic Denver market,” says Mindy Rietz, vice president, commercial development, United Properties. “With its prime location near key transportation hubs, Aero 70 offers an unparalleled opportunity for businesses seeking easy access to the airport and the broader Denver region.”

The site is also within a designated Opportunity Zone and Enterprise Zone, which offers significant economic incentives for future tenants and potential tax savings for owners.

Phil Cattanach, executive vice president, commercial development, United Properties, adds, “The Aero 70 development results from a multi-year collaboration involving numerous stakeholders. The project will significantly enhance transportation infrastructure in the area, creating a critical throughway to Denver International Airport and becoming a prominent fixture along I-70. Aero 70 continues United Properties’ long history of industrial development in the Denver metropolitan area, totaling over 3.5 million sq. ft. to date. We have had tremendous success with industrial development in Denver, and we have additional industrial development sites in our pipeline.”

Sustainability features

In line with United Properties’ commitment to sustainability, the Aero 70 project will include pre-installed conduits for electric vehicle (EV) charging stations, low-water landscaping, increased structural roof loads for future solar installation and clerestory windows to maximize natural light.
The development will utilize ENERGY STAR Portfolio Manager and Conservice ESG software to monitor energy, water and waste consumption, ensuring ongoing sustainability performance.

Key project partners

• General contractor: Brinkmann Constructors is responsible for site work, infrastructure and core/shell delivery.
• Leasing: Todd Witty (todd.witty@cbre.com), Daniel Close (daniel.close@cbre.com) and Jim Bolt (james.bolt@cbre.com) with CBRE are actively marketing both phases for pre-leasing opportunities.

For more information on the Aero 70 development, contact United Properties or CBRE.

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MINNEAPOLIS (March 20, 2024) — United Properties announced today plans to build Amira Lake Elmo, its newest 55-plus active adult rental community, located at 8695 Eagle Point Blvd., Lake Elmo, Minnesota. The company closed on the purchase of the land on March 11, 2024.

Providing residents with the opportunity to live near suburban amenities while being surrounded by natural beauty, Amira Lake Elmo will sit on nearly 12 acres of land less than two miles from Woodbury’s wide array of shopping and dining options. The property features picturesque views of surrounding wetlands, easy access to Oak Marsh Golf Course and Lake Elmo Park Reserve’s miles of hiking trails, and a swimming pond and fishing pier.

“Amira Lake Elmo follows the successful model we’ve established in Roseville, Bloomington and Minnetonka,” says Naomi Ohnstad, development director, United Properties. “This fourth location will cater to residents on the east side of the Twin Cities metro and offer the best of both worlds — ample green space in close proximity to the amenities of nearby Woodbury.”

Amira Lake Elmo will have 147 units ranging from alcove studio to three-bedroom units with premium finishes such as luxury vinyl plank flooring, quartz countertops, stainless steel appliances and large windows. Other amenities will include on-site maintenance, covered parking, additional private storage, electric vehicle charging stations and a pet wash station. Like other Amira properties, Amira Lake Elmo will have all-inclusive rent, with only electricity and personal property insurance billed separately.

To support an active, well-rounded lifestyle and foster a sense of community, residents will have access to daily events and activities, a bike repair station, yoga studio and saunas, art studio, hobby shop, library and clubhouse.

“Amira residences have been popular with 55-plus adults who are ready to embark on their next adventure because we’re offering them a community of their peers and a carefree lifestyle,” says Ohnstad. “Our residents are delighted to be able to focus on what matters most to them — community, family, friends and their interests.”

Occupancy is expected in summer 2025. Project partners include Eagle Building Company, LSE Architects, Associated Bank and Great Lakes Management.

To learn more, visit amiraliving.com.

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DENVER (Feb. 12, 2024) — United Properties announced today the sale of Trade@2534, a Class A industrial development located at 4201 Ronald Reagan Blvd. in Johnstown, Colorado, to California-based Nearon Enterprises, LLC. The terms of the deal were not disclosed.

The development is strategically located near the intersection of Interstate 25 and U.S. Highway 34, and offers modern, functional space for companies to grow and thrive in a business-friendly community. Trade@2534 was completed in 2022 and fully leased within eight months of delivery to a diverse tenant roster, including PODS, Kroger, Radial Engineering, SCP Distributors and Stevens Equipment Supply.

“Trade@2534 addressed a need for Class A industrial space in the Northern Colorado region and was well received by tenants,” says Mindy Rietz, vice president, commercial development, United Properties. “We believe the recent sale to Nearon Enterprises is a testament to the continued maturation of the region.”

The sale includes two Class A buildings — Building 1 is a 72,896-sq.-ft. single-load building and Building 2 is a 145,008-sq.-ft. cross-dock facility. The Class A development provides 24 feet and 28 feet clear heights, and features energy-efficient, modern designs, TPO 60-mil “Cool Roofs,” ESFR sprinkler systems and modern truck courts with significant car parking.

Jeremy Ballenger, Tyler Carner, Jim Bolt and Jessica Ostermick with CBRE represented United Properties in the sale of Trade@2534.

“Class A assets like Trade@2534 in the I-25 North submarket are extremely rare and are the most coveted among users,” adds Ballenger, executive vice president of capital markets and industrial properties, CBRE. “Both of these buildings offer additional divisibility, plus the park has a leased industrial outdoor storage (IOS) site that also provides future upside as either a development site or IOS.”

Trade@2534 is part of a joint venture partnership between United Properties and PCCP, LLC, a Los Angeles-based real estate investment management firm.

About PCCP, LLC
PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $23.1 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 25-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $39.7 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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MINNEAPOLIS (Feb. 1, 2024) — United Properties announced today its acquisition of Champlin Shores, a senior living community located at 119 E. Hayden Lake Rd. in Champlin, Minnesota. Under its new ownership, the property will be rebranded as Amira Choice Champlin. Operating partner Ebenezer Senior Living assumed service responsibilities at the community yesterday.

Under the Amira Choice brand, which empowers seniors at any stage to live optimistically, confidently and with a sense of purpose, a continuum of care and support is offered to residents with independent living, assisted living and memory care options available, allowing residents to comfortably age in place. In addition to bringing on a new operating partner, United Properties plans to update the facility with new furniture, flooring, fixtures and more over the next three years.

“We’re delighted to bring Amira Choice and our trusted operating partner, Ebenezer Senior Living, to the residents of our new Champlin location,” said Laura Peterson, vice president, senior living portfolio, United Properties. “We think they will be pleased with the improvements we’re making, all of which are being carefully considered with the needs and desires of the current community in mind.”

Located a half-mile from the Mississippi River, the community features 133 units with studio, one-bedroom and two-bedroom floor plans featuring walk-in closets, full kitchens, individual climate control and shared wireless internet. Other amenities include underground parking, a dining room with chef-prepared meals and tableside service, fitness studio, community room, fireside lounge and library, and an on-site salon and spa. The property also features a large deck overlooking Mill Pond and easy access to nearby walking paths.

Amira Choice Champlin will join six other Amira Choice communities developed and owned by United Properties in the Minneapolis-St. Paul metro, and two communities in Florida. The company also owns three Amira active adult communities for 55-plus residents in the Twin Cities, with plans to expand its portfolio in the years ahead.

Learn more about Amira and Amira Choice at amiraliving.com.