Newmark Arranges 1.4 Million-Square-Foot Industrial Lease with Leading Beverage Manufacturer DrinkPAK

Rhea-AI Summary

Newmark (Nasdaq: NMRK) arranged a 1.4 million-square-foot industrial lease with beverage contract manufacturer DrinkPAK at The Bellwether District in Philadelphia on Jan 12, 2026. The lease is the largest industrial transaction in Philadelphia since 2020 and ranks among the top four in market history. Construction has commenced and move-in is expected in the first half of 2027. DrinkPAK's national expansion now totals nearly 5 million square feet across Los Angeles, Dallas–Fort Worth and Philadelphia. The Bellwether District sits on a 1,300-acre former refinery site developed by HRP Group with multimodal connectivity, proximity to Philadelphia International Airport, direct rail service and access to 45 million consumers within a 250-mile radius.

Positive

• 1.4M sq ft lease secured, one of Philadelphia's largest industrial transactions
• Lease establishes DrinkPAK as first tenant at Bellwether District
• Move-in expected H1 2027, with construction already commenced
• DrinkPAK expansion now nearly 5M sq ft across three major U.S. markets

Negative

• None.

News Market Reaction

+0.93%

1 alert

+0.93% News Effect

On the day this news was published, NMRK gained 0.93%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Industrial lease size: 1.4 million square feet National leased footprint: nearly 5 million square feet Bellwether site size: 1,300 acres +3 more

6 metrics

Industrial lease size 1.4 million square feet DrinkPAK lease at The Bellwether District, Philadelphia

National leased footprint nearly 5 million square feet DrinkPAK expansion across Los Angeles, Dallas-Fort Worth and Philadelphia

Bellwether site size 1,300 acres Former Philadelphia Energy Solutions refinery site redevelopment

Consumer catchment 45 million consumers Within a 250-mile radius of The Bellwether District

Catchment radius 250 miles Reach from The Bellwether District logistics hub

Move-in timing first half of 2027 Expected move-in date for DrinkPAK at Bellwether site

Market Reality Check

Price: $17.09 Vol: Volume 1081372 vs 20-day ...

normal vol

$17.09 Last Close

Volume Volume 1081372 vs 20-day average 964140, with relative volume at 1.12x. normal

Technical Price 17.25 trades above 200-day MA of 15.04, about 13.03% below 52-week high and 78.85% above 52-week low.

Peers on Argus

NMRK was down 0.63% while key real estate peers were mixed: CWK up 0.3%, COMP up...

NMRK was down 0.63% while key real estate peers were mixed: CWK up 0.3%, COMP up 2.23%, FSV up 2.03%, OPEN up 2.75%, and CIGI down 0.79%, suggesting a stock-specific reaction rather than a uniform sector move.

Historical Context

5 past events · Latest: Jan 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 06	Industrial portfolio sale	Positive	+0.3%	Arranged nearly 1.4M sq ft Mid-Atlantic industrial sale for $203M.
Dec 19	Sale-leaseback advisory	Positive	-1.2%	Advised Scholastic on $386M HQ sale-leaseback to ESRT.
Dec 17	Major refinancing	Positive	+0.7%	Arranged $630M refinancing for 830 Brickell Class-A office tower.
Dec 15	International expansion	Positive	+0.6%	Launched Korea flagship office, deepening APAC presence and services.
Dec 08	Industry award	Positive	-2.3%	Named North America’s Best Real Estate Adviser by Euromoney.

Pattern Detected

Recent positive corporate and transaction news has produced mixed price responses, with a slight bias toward aligned gains but notable selloffs on some favorable headlines.

Recent Company History

Over the past months, Newmark reported several sizable advisory and capital markets wins, including a $203 million off‑market industrial portfolio sale on Jan 6, 2026, a $386 million New York City sale‑leaseback for Scholastic on Dec 19, 2025, and a $630 million refinancing for 830 Brickell on Dec 17, 2025. It also expanded its APAC footprint with a Korea launch and received Euromoney’s North America “Best Real Estate Adviser” award. Today’s large industrial lease mandate fits this pattern of transaction‑driven and franchise‑strength headlines.

Market Pulse Summary

This announcement highlights Newmark’s role in arranging a landmark 1.4 million-square-foot industri...

Analysis

This announcement highlights Newmark’s role in arranging a landmark 1.4 million-square-foot industrial lease for DrinkPAK at The Bellwether District, part of nearly 5 million square feet of leasing the manufacturer has secured nationally. It underscores Newmark’s positioning in large-scale industrial and logistics assignments and the strategic appeal of a 1,300-acre Philadelphia hub reaching 45 million consumers. Investors may watch for additional mandates of this scale and updates on project execution into the planned 2027 move‑in.

AI-generated analysis. Not financial advice.

Transaction is the Largest Industrial Lease in Philadelphia Since 2020, Top Four in Market History¹

PHILADELPHIA, Jan. 12, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to global corporations, institutional investors, and owners and occupiers, announces the Company has arranged a 1.4 million-square-foot industrial lease with DrinkPAK, the world's most technologically advanced contract manufacturer of canned beverages, at The Bellwether District in Philadelphia, Pennsylvania. DrinkPAK committed to a large-scale investment and long-term lease, becoming the first tenant to sign at the transformative development and marking one of the largest industrial transactions in Philadelphia's history¹.

Newmark Vice Chairman Jim Belcher, SIOR, Managing Director Nick Pickard, SIOR, CCIM, Associate Director Stephen Cook and Associate Mike Spaeder represented the tenant in the lease negotiations locally.

"DrinkPAK's commitment at The Bellwether District represents a defining moment for both the project and the region," said Pickard. "This type of investment brings significant upside to Greater Philadelphia, fueling job creation, supply chain expansion and regional economic growth. It's a testament to the market's strong labor force, connectivity and long-term potential as a manufacturing and logistics hub."

Santa Clarita, California-based DrinkPAK has engaged Newmark, through Los Angeles-based Vice Chairmen Patrick DuRoss, SIOR and John DeGrinis, SIOR, Executive Managing Director Jeff Abraham, SIOR and Associate Director Javier Galvan, in a strategic national assignment as the manufacturer expands across the country. DrinkPAK's national expansion to date includes nearly 5 million square feet of leasing across Los Angeles, Dallas-Fort Worth and Philadelphia, its first location in the eastern U.S.

Construction on the Bellwether District location has commenced, with move-in expected by the first half of 2027. Situated on the former Philadelphia Energy Solutions refinery site, the development is a 1,300-acre next-generation hub for innovation, manufacturing and global commerce under development by HRP Group. The campus offers state-of-the-art infrastructure, multimodal connectivity and access to more than 45 million consumers within a 250-mile radius.

The industrial section of the district features modern facilities purpose-built for large-scale operations, proximity to the Philadelphia International Airport, immediate access to I-95 and I-76 and direct rail service, positioning it as a premier East Coast logistics gateway.

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 September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 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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1	Newmark Research analysis of CoStar data

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SOURCE Newmark Group, Inc.

FAQ

What are the key terms of the Newmark-arranged 1.4M sq ft lease for NMRK?

Newmark arranged a 1.4 million-square-foot long-term industrial lease with DrinkPAK at The Bellwether District in Philadelphia; construction has begun and move-in is expected in H1 2027.

How significant is the 1.4M sq ft DrinkPAK lease for Philadelphia's industrial market (NMRK)?

The transaction is the largest industrial lease in Philadelphia since 2020 and ranks among the top four in the market's history, marking a major industrial deal for the region.

When will DrinkPAK occupy the Bellwether District facility arranged by Newmark (NMRK)?

Construction on the Bellwether District site has commenced and DrinkPAK's move-in is expected by the first half of 2027.

What is DrinkPAK's national footprint after the NMRK-arranged lease in Philadelphia?

With the Philadelphia lease, DrinkPAK's national expansion totals nearly 5 million square feet of leasing across Los Angeles, Dallas–Fort Worth and Philadelphia.

Where is The Bellwether District located and who is developing it for NMRK-related leasing?

The Bellwether District is on a 1,300-acre former Philadelphia Energy Solutions refinery site and is being developed by HRP Group as a next-generation manufacturing and logistics hub.

What logistics advantages does the Bellwether District offer for DrinkPAK (NMRK)?

The campus offers state-of-the-art infrastructure with multimodal connectivity, proximity to Philadelphia International Airport, immediate access to I-95 and I-76 and direct rail service, plus access to 45 million consumers within a 250-mile radius.