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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