Newmark Arranges Financing for Related Ross' Acquisition of Landmark 1.7 MSF Boca Raton Innovation Campus

Newmark secures financing from Ares for Related Ross to acquire and reposition the historic Boca Raton Innovation Campus.

Rhea-AI Summary

Newmark (NMRK) arranged financing for Related Ross' acquisition of the 1.7-million-square-foot Boca Raton Innovation Campus in Florida.

The financing was structured by Newmark's debt and structured finance team, including Jordan Roeschlaub, Nick Scribani and John Caraviello, working with Josh King, with Ares providing the capital. The Boca Raton Innovation Campus (BRiC) is a 124-acre office and technology campus at 5000 T-Rex Avenue, originally developed by IBM and known as the birthplace of its first personal computer. The property consists of more than 1.7 million square feet across two office buildings and features amenities such as cafés, an 800-seat presentation hall, event spaces and shuttle service to the Boca Raton Tri-Rail station. Related Ross plans to maintain BRiC as an office and technology campus while pursuing a long-term vision that adds amenities, retail and restaurants, expanding its presence in Palm Beach County and entering Boca Raton.

News Explained

The release says Newmark arranged financing with Ares for Related Ross’s acquisition, but gives no financing amount and does not say the acquisition closed; the disclosed event is therefore an arranged financing, not a completed ownership transfer or a disclosed change to Newmark common holders.

Market Context

NMRK was down 2.5% pre-headline, while its May 5 acquisition-financing announcement was followed by ...

Analysis

NMRK was down 2.5% pre-headline, while its May 5 acquisition-financing announcement was followed by a 4.41% 24-hour gain; that prior financing example provided directly comparable transaction context.

Key Figures

Campus Size: 1.7 million square feet Campus Area: 124 acres

Campus Size

1.7 million square feet

Boca Raton Innovation Campus

Campus Area

124 acres

Boca Raton Innovation Campus

Previous Acquisition Reports

1 past event · Latest: May 05

Same Type 1 event

1. May 05

   acquisition financing

   24h Move

   +4.4%

   Newmark secured a $150.9 million loan for a 19-property logistics portfolio.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

forward-looking statements, form 10-k, form 10-q, form 8-k

4 terms

forward-looking statements regulatory

"Discussion of Forward-Looking Statements about Newmark"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

form 10-k regulatory

"subsequent reports on Form 10-K, Form 10-Q or Form 8-K"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

form 10-q regulatory

"subsequent reports on Form 10-K, Form 10-Q or Form 8-K"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

form 8-k regulatory

"subsequent reports on Form 10-K, Form 10-Q or Form 8-K"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

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Vision for Former IBM Campus Includes Mix of Amenities, Retail and Restaurants

NEW YORK, Sept. 17, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has arranged financing on behalf of Related Ross for the acquisition of Boca Raton Innovation Campus (BRiC), a 1.7-million-square-foot, 124-acre office and technology campus in Boca Raton, Florida.  

Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Managing Director John Caraviello, in collaboration with Executive Vice Chairman Josh King, arranged the financing with Ares.

"Related Ross has long been a tastemaker in the office sector, creating destinations that redefine how companies and communities experience the workplace," said Scribani. "BRiC represents a generationally significant development opportunity, combining an extraordinary legacy, substantial scale and a strategic South Florida location."

Located at 5000 T-Rex Avenue, BRiC spans more than 1.7 million square feet across two office buildings. Originally developed by IBM as its North American research and development campus, the property is recognized as the birthplace of the company's first personal computer and remains one of Boca Raton's largest employment centers.

BRiC offers an extensive amenity program, including two cafés, an 800-seat presentation hall, multiple event spaces and direct shuttle service to the Boca Raton Tri-Rail station. The campus is also situated near Florida Atlantic University, Boca Raton Airport and two Interstate 95 interchanges.

Related Ross plans to continue operating BRiC as an office and technology campus while advancing a long-term vision for the property that introduces a curated mix of amenities, retail and restaurants. The acquisition expands the company's presence across Palm Beach County and marks its entry into Boca Raton.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents. Learn more at 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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SOURCE Newmark Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who provided the financing for Related Ross' acquisition of BRiC?

The financing for Related Ross' acquisition of the Boca Raton Innovation Campus was arranged by Newmark with Ares as the financing provider.

What is the Boca Raton Innovation Campus and where is it located?

The Boca Raton Innovation Campus (BRiC) is a 1.7-million-square-foot, 124-acre office and technology campus located at 5000 T-Rex Avenue in Boca Raton, Florida. It was originally developed by IBM as its North American research and development campus and is recognized as the birthplace of IBM's first personal computer.

What are Related Ross' plans for BRiC after the acquisition?

Related Ross plans to continue operating BRiC as an office and technology campus while pursuing a long-term vision that introduces a curated mix of amenities, retail and restaurants, reflecting an expanded presence in Palm Beach County and a new entry into Boca Raton.

What amenities does the Boca Raton Innovation Campus currently offer?

BRiC currently offers two cafés, an 800-seat presentation hall, multiple event spaces and direct shuttle service to the Boca Raton Tri-Rail station. It is also located near Florida Atlantic University, Boca Raton Airport and two Interstate 95 interchanges.

How large is Newmark's global platform and what were its recent revenues?

For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners operated from over 195 offices with more than 10,000 professionals across four continents.