8:30 AM
Newmark announced completion of an 864,000-square-foot lease with National Distribution Centers at Perris Distribution Center.
Perris Distribution Center will be completed in late September 2017 and features energy-efficient LED lighting, solar panels, and electric vehicle charging stations. The LEED Gold-certified, state-of-the-art cross-dock distribution facility, situated on approximately 43 acres, is located at 657 Nance Street in the City of Perris.
Senior Managing Directors Mark Kegans and Ron Washle, and Managing Director Dean Washle of Newmark’s Ontario, CA office represented the owner/developer Industrial Property Trust in this lease transaction. Cushman & Wakefield represented the tenant.
About Newmark
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.