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Newmark Named Exclusive Leasing Agent for 3.2 Million Square Feet of Premier Office Assets Along Dulles Corridor

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Newmark (Nasdaq: NMRK) was named exclusive leasing agent for Comstock's 3.2 million square feet of Trophy and Class A office assets along the Dulles Corridor, including Reston Station and Loudoun Station.

Newmark will market transit‑accessible, amenity‑rich properties around Wiehle‑Reston East Metro, leveraging local teams and Newmark Research noting market stabilization.

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Positive

  • Exclusive leasing appointment for 3.2 million square feet of Dulles Corridor office assets
  • Portfolio includes Trophy and Class A assets at Reston Station and Loudoun Station
  • Transit‑oriented locations offering direct Metro access and structured parking
  • Integrated agency teams combining Virginia and Washington, DC market expertise

Negative

  • None.

News Market Reaction – NMRK

-4.15%
40 alerts
-4.15% Session close to close
-6.0% Trough in 3 hr 8 min
$2.57B Market Cap
1.2x Rel. Volume

In the Feb 12 session, NMRK declined 4.15%, reflecting a moderate negative market reaction. Argus tracked a trough of -6.0% from its starting point during tracking. Our momentum scanner triggered 40 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a major exclusive leasing mandate covering over 3.2 million square feet of Tr...
Analysis

This announcement adds a major exclusive leasing mandate covering over 3.2 million square feet of Trophy and Class A office assets in Northern Virginia’s Dulles Corridor. It extends Newmark’s recent string of large assignments across retail, multifamily, and office. Investors may track how effectively this portfolio is leased over time, how it interacts with regional office demand trends, and upcoming earnings for evidence of transaction-driven revenue impact.

Key Figures

Leasing portfolio size: 3.2 million square feet
1 metrics
Leasing portfolio size 3.2 million square feet Comstock’s premier office portfolio along Dulles Corridor

Historical Context

5 past events · Latest: Feb 09 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Feb 09 Debt financing mandate Positive +2.6% Arranged $415M refinancing for 2.4M sf grocery-anchored retail portfolio.
Feb 02 Leasing engagement Positive -2.6% Named exclusive leasing agent for next phase of THE PENN DISTRICT retail.
Jan 30 Large refinancing Positive +0.7% Arranged $690M SASB refinancing for 13-property Sun Belt multifamily portfolio.
Jan 21 Earnings timing notice Neutral -1.0% Announced schedule and details for Q4 and full-year 2025 results release.
Jan 20 High-value asset sale Positive -2.3% Facilitated sale of NYC multifamily tower valued at $1.35M per unit.

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

Pattern Detected

Recent operational wins (financings, mandates, asset sales) have produced mixed stock reactions, with both aligned gains and selloffs on positive news.

Recent Company History

Over the last few weeks, Newmark has highlighted several sizable mandates and transactions, including arranging a $690 million multifamily refinancing, a $415 million grocery-anchored retail loan, and facilitating a high-value Manhattan multifamily sale. It was also engaged for a major retail leasing effort in THE PENN DISTRICT and flagged upcoming Q4 2025 earnings. Today’s Dulles Corridor leasing appointment extends this pattern of securing large, high-profile assignments across key U.S. markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Feb. 12, 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 been appointed the exclusive leasing agent for Comstock's premier office portfolio in the Dulles Corridor of Northern Virginia. The portfolio totals more than 3.2 million square feet of existing and planned Trophy and Class A assets across Comstock's Reston Station and Loudoun Station.

Executive Managing Directors Andy Klaff and Steve Hoffeditz, Director Dominic Orcino and Associate Debbie Cross, will market the properties on behalf of ownership, with support from Vice Chairman Doug Mueller and Associate Wes Evans.

"Comstock's properties set the standard for office in the Dulles Corridor, pairing iconic design with exceptional accessibility and amenities," said Klaff. "We're excited to work with Comstock to attract occupiers seeking a premium, experience-driven workplace."

Hoffeditz added, "By integrating capabilities from both the Virginia and Washington, DC office agency teams, Newmark brings a differentiated approach to the assignment – one that pairs local execution with deep knowledge of tech-anchored tenant demand and the region's changing office dynamics."

Situated within Metro-accessible, amenity-rich environments, Comstock's holdings represent one of the largest and most prominent privately held office portfolios in Northern Virginia. The majority of these properties form the commercial heart of Comstock's flagship Reston Station development, a nationally recognized transit-oriented neighborhood that seamlessly blends office, residential, retail and hospitality around the Silver Line's Wiehle-Reston East Metro station. The properties offer structured parking, walkable retail and direct access to public transit – hallmarks of the area's continued transformation into a highly desirable live-work-play environment.

According to Newmark Research, the Northern Virginia office market is stabilizing amid an evolving demand landscape. Trophy and Class A assets continue to outperform, with sustained interest in transit-accessible and amenity-rich submarkets.  

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.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-named-exclusive-leasing-agent-for-3-2-million-square-feet-of-premier-office-assets-along-dulles-corridor-302685785.html

SOURCE Newmark Group, Inc.

FAQ

What did Newmark (NMRK) announce on February 12, 2026 about leasing in the Dulles Corridor?

Newmark announced it was named exclusive leasing agent for Comstock's 3.2 million square feet of office assets. According to Newmark, the assignment covers Trophy and Class A properties at Reston Station and Loudoun Station near Silver Line transit.

Which properties will Newmark (NMRK) market as exclusive leasing agent in Northern Virginia?

Newmark will market Comstock's Reston Station and Loudoun Station office holdings totaling about 3.2 million square feet. According to Newmark, the assets are Metro‑accessible, amenity‑rich Trophy and Class A properties.

Who from Newmark (NMRK) is leading the leasing assignment for Comstock's Dulles Corridor portfolio?

Executive Managing Directors Andy Klaff and Steve Hoffeditz will lead the leasing effort, supported by Dominic Orcino, Debbie Cross, Doug Mueller and Wes Evans. According to Newmark, teams combine Virginia and DC office expertise.

How does Newmark (NMRK) describe demand for Trophy and Class A offices in Northern Virginia?

Newmark says the Northern Virginia office market is stabilizing with sustained interest in transit‑accessible, amenity‑rich Trophy and Class A assets. According to Newmark Research, these submarkets continue to outperform amid evolving demand dynamics.

What advantages do Comstock's Dulles Corridor properties offer to potential occupiers represented by Newmark (NMRK)?

The properties offer premium design, structured parking, walkable retail and direct Metro access near Wiehle‑Reston East. According to Newmark, these features support an experience‑driven, live‑work‑play workplace attractive to occupiers.