Gencom Acquires The Ritz-Carlton New York, Central Park Hotel

Abby Cox — Fri, 06 Feb 2026 12:45:00 +0000

NEW YORK CITY — Gencom, a Miami-based investment firm, has acquired The Ritz-Carlton New York, Central Park, a 253-room hotel located in Midtown Manhattan. Banco Inbursa provided financing for the acquisition. Although the sales price was not disclosed, media outlets reported a bidding price of $400 million for the property in March 2024. “Gencom continues to see compelling long-term opportunities in New York City, particularly for luxury assets with enduring global appeal,” says Karim Alibhai, founder and principal of Gencom. Situated within the Plaza District at the corner of Central Park South and Sixth Avenue, the Ritz-Carlton New York comprises 253 guest rooms, including 47 suites that are located on the lower 22 floors of the 33-story building. The upper floors consist of roughly a dozen private residential condominiums, which were not included in the sale. Guest rooms offer a more standard hotel room layout, with separate seating areas, marble bathrooms and walk-in showers. Meanwhile, the residential condos average more than 1,000 square feet in size and include distinct living spaces, kitchens and dining areas. The Ritz-Carlton hotel also features various amenities for its guests, including Contour, the all-day gastro lounge; the Ritz-Carlton Club Lounge; the La Prairie Spa; and a…

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City of Fort Worth Unveils Plans for $606M Phase II of Convention Center

Hayden Spiess — Thu, 05 Feb 2026 12:23:00 +0000

FORT WORTH, TEXAS — The City of Fort Worth has announced plans for Phase II of the Fort Worth Convention Center overhaul. Totaling $606 million in costs, the project will deliver a new, flexible convention center. The convention building will replace an arena dated back to 1968 and modernize an existing building that has not been significantly renovated since a 2003 expansion. In December of last year, the city cut the ribbon on the $95 million Phase I of the Fort Worth Convention Center. Plans for Phase II were presented to the city council on Tuesday, Feb. 3. Upon completion, Phase II will comprise a four-story structure with a central tower, a plaza with native prairie green space connected to General Worth Square and terraces for outdoor events. The facility will total 257,268 square feet of exhibit hall space; 60,917 square feet of meeting room space; and 74,033 square feet of ballroom space, as well as 16 loading docks. Construction will begin in early 2027, with the demolition of the existing arena. Completion of the project is scheduled for early 2030. The center will remain operational during construction. Atlanta-based firm TVS, in collaboration with Fort Worth-based Bennett Partners, designed the…

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Simon to Invest $250M for Redevelopment of Three Malls in Nashville, Denver and Tampa

Kristin Harlow — Wed, 04 Feb 2026 13:00:00 +0000

INDIANAPOLIS — Indianapolis-based mall owner Simon Property Group (NYSE: SPG) has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according to Eli Simon, the company’s chief operating officer. He says the redevelopment projects will mimic the recently completed transformation of Southdale Center in Minneapolis. The Mall at Green Hills will undergo a complete transformation and exterior revitalization featuring two-story flagship entrances, jewel-box spaces for luxury boutiques, new landscaping and “elevated arrival moments.” The interior will receive upscale finishes and architectural enhancements. The 1 million-square-foot mall opened in 1955 under the moniker Green Hills Village. Cherry Creek Shopping Center will receive modernized flagship spaces, refined architectural updates and upgraded storefronts. The enclosed mall, which officially opened in 1990, dates back to the 1950s when it was an open-air mall.…

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Brookfield to Acquire Peakstone Realty Trust in $1.2B Transaction

John Nelson — Tue, 03 Feb 2026 13:00:00 +0000

NEW YORK CITY AND EL SEGUNDO, CALIF. — Brookfield Asset Management (NYSE: BAM) has entered into a definitive agreement in which one of the firm’s private real estate funds will acquire the outstanding shares of Peakstone Realty Trust (NYSE: PKST), an industrial REIT that has a strategic focus on the industrial outdoor storage (IOS) sector. The El Segundo-based company, which sold off its final office assets in December, currently owns 76 industrial properties, including 60 IOS assets. At a proposed price of $21 per share, the all-cash transaction represents an implied enterprise value of approximately $1.2 billion. The price represents a 34 percent premium relative to Peakstone’s share price on Jan. 30, the last full trading day prior to the announcement. “This transaction recognizes the value of our industrial portfolio and the progress we have made expanding our IOS platform,” says Michael Escalante, CEO of Peakstone. At the conclusion of the acquisition, Peakstone will be a privately held company and will be delisted from the New York Stock Exchange. Founded in 2009 as Griffin Realty Trust, the company was rebranded as Griffin Capital Essential Asset REIT in January 2023 and then as Peakstone Realty Trust in 2021. For Brookfield, the…

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Eli Lilly to Open $3.5B Manufacturing Facility in Pennsylvania’s Lehigh Valley

Taylor Williams — Mon, 02 Feb 2026 12:52:00 +0000

UPPER MACUNGIE, PA. — Pharmaceutical giant Eli Lilly & Co. (NYSE: LLY) will open a $3.5 billion manufacturing facility in the Lehigh Valley community of Upper Macungie. The development will span about 925,000 square feet across multiple buildings and is expected to bring about 850 new jobs to the region. A construction timeline was not announced. Lilly is acquiring the property at 9802 Main St. in Upper Macungie from Jaindl Land Development for the project. According to local news outlet WFMZ, this property is known as Fogelsville Corporate Center and is undeveloped agricultural land. In addition to the 850 permanent jobs, development of the new facility is expected to create about 2,000 construction jobs. According to Pennsylvania Gov. Josh Shapiro, the state committed more than $100 million in incentives to land the project, including $50 million in tax credits. Lehigh Carbon Community College will receive additional state funding and feed Lilly’s talent pipeline by creating and expanding academic and workforce training programs in life sciences. “Lilly’s commitment to the Lehigh Valley and to Pennsylvania will bring billions of dollars of investment and hundreds of good-paying jobs, solidifying our position as a leader in the growing life sciences industry,” Shapiro said…

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CP Group Unveils Plans for Mixed-Use Redevelopment of Piedmont Center Office Campus in Atlanta’s Buckhead District

Abby Cox — Fri, 30 Jan 2026 12:45:00 +0000

ATLANTA — CP Group, an office owner and developer based in Boca Raton, Fla., has unveiled plans to redevelop Piedmont Center, a 2.2 million-square-foot office campus located off Piedmont Road in Atlanta’s Buckhead district. The firm acquired the property in June for $200 million, after the former owner, Ardent Cos., defaulted on its loan tied to Piedmont Center from Morgan Stanley. CP Group is expected to begin its overhaul of the 14-building property this year. “We’re not just updating an office park; we’re building a destination,” says Chris Eachus, founding partner of CP Group. “Piedmont Center is a perfect example of the high-value assets we target. The combination of this prime location and our reimagined master plan has already sparked immediate interest and strong leasing results.” The project team includes Atlanta-based architecture and design firms Smallwood and ASD|SKY, as well as Bethesda, Md.-based real estate consulting firm Of Place. One of the primary transformations planned for the redevelopment is a new street-level strip on Piedmont Road that is expected to include at least six restaurant concepts and various retail offerings. In the meantime, Piedmont Center has already opened LiveWire Coffee in Building 6 and has curated food truck programming options throughout…

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John Deere to Open Two New Industrial Facilities in Indiana, North Carolina

Hayden Spiess — Thu, 29 Jan 2026 11:42:00 +0000

HEBRON, IND. AND KERNERSVILLE, N.C. — Agricultural and construction machinery company John Deere (NYSE: DE) plans to open two new industrial facilities in the United States. The developments include a distribution center near Hebron, Ind., and a manufacturing campus in Kernersville, N.C. John Deere recently broke ground on the 234-acre Indiana facility, which is designed to streamline operations and ensure timely delivery of equipment and parts. John Deere plans to invest $125 million to equip and development the 1.2 million-square-foot project, which is situated just off I-65. According to the company, the project is expected to create roughly 150 jobs in the state. John Deere also operates its primary North American parts distribution center in the Midwest region in Milan, Ill. That facility has been in operation since 1973 and employs roughly 1,200 people. In Kernersville, a new $70 million manufacturing center will produce excavators for the construction market, assuming production activity that was previously conducted in Japan. The campus total approximately 400,000 square feet and will employ more than 150 people. “We are excited to bring this new facility to our Kernersville campus and to be part of the region’s thriving manufacturing community,” said Ryan Campbell, president of worldwide…

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Amazon to Close Go and Fresh Physical Stores, Plans to Open 100 Whole Foods Locations

Kristin Harlow — Wed, 28 Jan 2026 13:00:00 +0000

SEATTLE — Amazon (NASDAQ: AMZN) has unveiled plans to close its Amazon Go and Amazon Fresh physical stores, converting various locations into Whole Foods Market stores. The Seattle-based e-commerce giant states that it hasn’t “yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion.” Customers can continue to shop Amazon Fresh online in available areas for delivery. At the same time, Amazon plans to open more than 100 new Whole Foods Market stores over the next few years, citing increased investment in “physical stores that are resonating with customers.” Amazon acquired the Austin-based natural and organic foods grocer in 2017 in a $13.7 billion deal. Since then, the brand has experienced over 40 percent sales growth and expansion to more than 550 locations. There are 14 Amazon Go convenience stores located in Washington, California, Illinois and New York. According to the company, Amazon Go locations served as innovation hubs where Amazon developed Just Walk Out technology — now a scalable checkout-free solution operating in over 360 third-party locations across five countries. There are 58 Amazon Fresh grocery stores located in California, Illinois, New York, New Jersey, Maryland, Pennsylvania, Washington, Viriginia and Tennessee. Amazon says…

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MSC Group Opens 130,000 SF Office in Miami for North American Cruise Headquarters

John Nelson — Tue, 27 Jan 2026 12:58:00 +0000

MIAMI — MSC Group, a privately owned cruise ship operator based in Geneva, has opened a new 130,000-square-foot office in downtown Miami. The new offices house the headquarters of the company’s North American Cruise Division and brings together 400 MSC Group team members from both of the company’s brands: MSC Cruises (23 ships) and Explora Journeys (two luxury ships). “I am thrilled to welcome MSC Group’s North American Cruise Division headquarters to Miami-Dade County, just a few miles from PortMiami,” says Daniella Levine Cava, Mayor of Miami-Dade County. “This exciting investment will create hundreds of new jobs, generate meaningful economic impact and further strengthen Miami-Dade’s position as a global hub for cruise and cargo operations.” Cava and other civic and private stakeholders held a ribbon-cutting ceremony yesterday at Sawyer’s Walk to welcome MSC Group. MSC Group invested $100 million into the build-out of the new offices, which occupy the full seventh floor of Block 55 within Sawyer’s Walk, a 1.5 million-square-foot mixed-use development by SG Holdings. Other uses at Sawyer’s Walk include an 18-story affordable seniors housing tower and 180,000 square feet of retail space leased to tenants including Target, Five Below, Aldi, CVS, Starbucks, Ross Dress for Less and Burlington.…

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Newmark Arranges $218M in Financing for Office-to-Residential Conversion Project in Manhattan

Taylor Williams — Mon, 26 Jan 2026 12:59:00 +0000

NEW YORK CITY — Newmark has arranged $218 million in financing for the acquisition and office-to-residential conversion of 101 Greenwich Street in downtown Manhattan. Apollo Global Management provided the funds to the borrower, a partnership between Quantum Pacific and MetroLoft Developers. According to the property website, 101 Greenwich Street was originally constructed in the early 20th century and spans 480,000 rentable square feet. Neither a timeline for construction nor information on residential floor plans or amenities was announced, but the New York Business Journal reports that the new complex will have 614 units. Jordan Roeschlaub, Christopher Kramer and Holden Witkoff led the debt placement efforts for Newmark on behalf of ownership. Adam Spies and Adam Doneger, also with Newmark, represented the seller, institutional investment firm BentallGreenOak, in the $105 million sale of the property. According to the deal team, 101 Greenwich Street is a viable office building for residential conversion due to certain design features, such as U-shaped floor plates, extensive window lines, strong natural light and above-average ceiling heights. — Taylor Williams

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Vestar Completes $100M Vineyard Towne Center Retail Development in Queen Creek, Arizona

Abby Cox — Fri, 23 Jan 2026 12:45:00 +0000

QUEEN CREEK, ARIZ. — Vestar, a privately held shopping center developer and manager based in Phoenix, has announced the completion of Vineyard Towne Center, a 260,000-square-foot retail development located in Queen Creek, approximately 45 miles southeast of Phoenix. Following the 2021 groundbreaking, the $100 million development is now fully leased. “This center has seen incredible leasing momentum, and the strong response from both tenants and residents underscores the demand for high-quality destinations that blend convenience, variety and an elevated sense of place,” says Jeffrey Axtell, executive vice president of development at Vestar. Situated at the corner of Gantzel and Combs roads, Vineyard Towne Center is anchored by a 145,000-square-foot Target, which opened in October 2025. The tenant roster also includes Sprouts Farmers Market, Mountain America Credit Union, Academy Bank, LifeQuest, Cadence Running Company, Mattress Firm, Zara Nail Bar, Dentists of Queen Creek, Keep It Cut, European Wax Center, Crown One Beauty Supply, Five Guys, Better Buzz Coffee, Thai Chili 2Go, McDonald’s, Over Easy, Café Rio, Cinnaholic, Zaxby’s, Nekter Juice Bar, Mr. Pickle’s Sandwich Shop, Wingstop and Ono Hawaiian BBQ. Additional retailers, such as Verizon Wireless and My Dr. Now, have recently opened at the open-air center, with Pet Supplies Plus slated to…

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National Geospatial-Intelligence Agency Opens $1.7B Campus in St. Louis

Hayden Spiess — Thu, 22 Jan 2026 12:00:00 +0000

ST. LOUIS — The National Geospatial-Intelligence Agency (NGA) has opened its new, $1.7 billion campus in St. Louis. The development will serve as the new campus for the NGA, which is relocating from its existing facility in downtown St. Louis. Situated on a 9-acre heart in the St. Louis Place neighborhood, the N2W campus features a 700,000-square-foot office building, two multi-level parking garages, a secure visitor center, delivery inspection facility and multiple secured access points. McCarthy HITT, a joint venture led by McCarthy Building Cos., partnered with the NGA to deliver the project. McCarthy HIIT also includes HITT Contracting, Black & Veatch Special Projects Corp., Gensler and Akima LLC. A joint venture between Black & Veatch and Gensler also served as the architect-engineer of record for the development. The decision to build the new headquarters was announced in 2016, and major construction began in early 2020. According to McCarthy HIIT, N2W marks the largest federal investment in the history of St. Louis. NGA, which has maintained a significant presence in the city for seven decades, currently employs more than 3,000 local workers. — Hayden Spiess

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Amazon Plans to Open First-of-its-Kind Retail Store in Metro Chicago Totaling 230,000 SF

Kristin Harlow — Wed, 21 Jan 2026 13:00:00 +0000

ORLAND PARK, ILL. — Amazon (NASDAQ: AMZN) has unveiled plans to open a first-of-its-kind retail store in the southern Chicago suburb of Orland Park. The planned brick-and-mortar store will occupy the long-vacant site of the former Petey’s II restaurant at the southwest corner of 159th Street and LaGrange Road. The Orland Park Village Board approved the project at its Jan. 19 meeting. Amazon’s plans call for a one-story building of approximately 230,000 square feet that will offer groceries, household essentials and general merchandise. The store would function similarly to a large-format retailer such as a Walmart Supercenter. The commercial retail store would be open to the public and is not a warehouse or distribution center. Both the Orland Park Plan Commission and the Board of Trustees have reviewed and approved the plan. The village is not providing any financial incentives to Amazon as part of this project. “When a global retailer of this scale considers investment in Orland Park, it sends a strong signal about the vitality of our community and the strategic importance of this corridor,” says Orland Park Mayor Jim Dodge. According to a release, Amazon’s proposed multimillion-dollar investment in Orland Park would generate millions in sales and…

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Sphere Entertainment, Peterson Plan Smaller Sphere Venue in Metro D.C. Totaling 6,000 Seats

John Nelson — Tue, 20 Jan 2026 13:00:00 +0000

OXON HILL, MD. — Sphere Entertainment Co. (NYSE: SPHR), the owner and operator of the Sphere venue in Las Vegas that opened in 2023, is partnering with locally based developer Peterson Cos. for a smaller Sphere venue in National Harbor, a waterfront neighborhood in the Washington, D.C., suburb of Oxon Hill. The planned project represents the second Sphere entertainment venue in the United States and third in the world following the future Sphere’s completion in Abu Dhabi. “Our focus has always been on creating a global network of Spheres across forward-looking cities,” says James Dolan, executive chairman and CEO of Sphere Entertainment. The site for Sphere at National Harbor overlooks the Potomac River and would complement other National Harbor mainstays such as MGM National Harbor, a $1.4 billion casino that opened in 2016, Capital Wheel, Gaylord National Resort and Topgolf. The more than 300-acre National Harbor district welcomes approximately 15 million visitors nationally. At full completion, the Sphere venue will feature the Exosphere, which is the Sphere’s programmable LED exterior display, as well as 6,000 seats for concerts, immersive movie presentations and other events. The new venue’s seating volume represents about a third of the 18,600-seat capacity at the Sphere…

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Interstate Equities, PGIM Acquire Multifamily Portfolio in Silicon Valley, Seattle for $272M

Taylor Williams — Mon, 19 Jan 2026 12:39:00 +0000

MOUNTAIN VIEW, REDWOOD CITY AND SUNNYVALE, CALIF., AND SEATTLE — Interstate Equities Corp. (IEC), in partnership with PGIM, has acquired a portfolio of four multifamily properties totaling 574 units in Silicon Valley and Seattle. The sales price was $272 million. The seller was not disclosed. The properties, all of which were built between 1987 and 2015 and offer amenities such as fitness centers, pools, dog parks, business centers and outdoor grilling and dining stations, are collectively known as the mResidences Portfolio. They include: IEC plans to implement strategic value-add improvements and amenity enhancements designed to optimize operations and improve net operating income across the assets. The deal is structured with PGIM holding a majority of the equity interest, while IEC retains a minority. “This acquisition reflects a disciplined, risk-aware approach to capital deployment, with a focus on assets positioned to perform through the full hold period,” says Brendan Gibney, director of investments at IEC. “In Silicon Valley and South Lake Union, structural supply constraints, elevated replacement costs and durable employment fundamentals provide meaningful downside protection for occupancy, while strong rent momentum in the Bay Area supports continued rent growth across the cycle.” — Amy Works and Taylor Williams

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Moinian Group Receives $310M Loan for Refinancing of Midtown Manhattan Office Property

Abby Cox — Fri, 16 Jan 2026 12:45:00 +0000

NEW YORK CITY — The Moinian Group has received a $310 million loan for the refinancing of 535-545 Fifth Avenue, a two-building office and retail property located near Grand Central Terminal in Midtown Manhattan. Deutsche Bank and Société Générale co-funded the loan, while Drew Anderman, Eddie Haber, AJ Bruno and Jared Fried of CBRE represented The Moinian Group in the debt placement process according to CoStar Group. “This refinancing underscores the value of prime Fifth Avenue assets and our disciplined approach to asset management,” says Joseph Moinian, founder & CEO of The Moinian Group. “We are pleased to secure attractive financing that positions the property for continued long-term success.” Situated between East 44th and East 45th streets, both buildings underwent renovations in 2009, with Gensler serving as the architect. Known for its pre-war architecture, the 36-story structure at 535 Fifth Avenue was originally completed in 1927. Spanning 329,733 square feet, the complex is occupied by several corporations, financial institutions, law firms and service organizations. Located adjacent to the first office building, 545 Fifth Avenue rises 13 stories tall and totals roughly 165,000 square feet of space. The building offers additional ground-floor retail space that houses tenants such as Best Buy and…

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Real Capital Solutions Acquires Chicago Office Tower for $132.5M

Hayden Spiess — Thu, 15 Jan 2026 12:13:00 +0000

CHICAGO — Real estate investment firm Real Capital Solutions (RCS) has acquired 401 N. Michigan Ave., a Class A office tower in Chicago, for $132.5 million. Situated on the Chicago River’s north bank along the city’s Magnificent Mile, the property totals 35 stories and 747,522 square feet. According to RCS, the acquisition price represents a 77.8 percent discount relative to replacement cost. The seller was not disclosed, but Crain’s Chicago Business reports that a joint venture led by locally based Walton Street Capital sold the tower. The news outlet also reports that the transaction represents the highest sales price for a Chicago office tower since 2022. 401 N. Michigan was roughly 87 percent leased at the time of sale. Tenants of the building include the Accreditation Council for Graduate Medical Education, the American Dental Association, Scion and private equity firm BDT & MSD Partners. Since 2023, more than 275,000 square feet of leasing activity has been executed at the property. The building also recently underwent $17 million in renovations, including improvements to the lobby and amenity spaces. “The acquisition of 401 N. Michigan represents a rare opportunity to secure a top-performing, institutional office tower in an irreplaceable riverfront location,” says Adam Abeln, chief…

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Saks Global Files for Chapter 11 Bankruptcy, Secures $1.75B Financing Commitment

Kristin Harlow — Wed, 14 Jan 2026 13:00:00 +0000

NEW YORK CITY — Saks Global Holdings LLC, the owner of luxury retailers such as Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the company’s senior secured bondholders and roughly $240 million of incremental liquidity from its asset-based lenders. Saks Global says the financing package will strengthen its balance sheet and position the company for “a strong and stable future.” In addition, Saks Global has appointed Geoffroy van Raemdonck as CEO, effective immediately. Van Raemdonck, who previously served as CEO of Neiman Marcus Group prior to its acquisition by Saks Global in 2024, succeeds Richard Baker, who stepped down from his role as executive chairman and CEO of Saks Global, effective Jan. 13. Van Raemdonck is expanding Saks Global’s senior leadership team, appointing industry veterans and former Neiman Marcus Group leaders. “This is a defining moment for Saks Global, and the path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future,” says van…

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Aldi to Open 180 New U.S. Grocery Stores This Year

John Nelson — Tue, 13 Jan 2026 12:55:00 +0000

BATAVIA, ILL. — Aldi, a German discount, small-format grocer, plans to open 180 new stores across 31 states this year. By the end of the year, Aldi will operate approximately 2,800 U.S. grocery stores, including its first Maine location in Portland and 10 new stores in the metro Phoenix area. The grocer has operated stores in the United States for 50 years and has gained a loyal following in recent years as the demand for discount grocery items increases in the face of inflation. The company disclosed that 17 million Americans shopped at Aldi for the first time in 2025. “One in three U.S. households shopped at Aldi this past year, and in 2026, we’re focused on making it even easier for customers to shop our aisles first,” says Atty McGrath, CEO of Aldi U.S. Aldi, whose U.S. headquarters is in Batavia, plans to continue its expansion over the next five years in the Southeast and West regions. In the Southeast, Aldi continues to convert former Winn-Dixie retail locations following Aldi’s acquisition of Winn-Dixie and Harveys Supermarket from Southeastern Grocers in 2023. Aldi plans to reposition 80 former Winn-Dixie stores by the end of the year and 200 total by 2027.…

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DrinkPAK Signs 1.4 MSF Industrial Lease at Bellwether District in Philadelphia

Taylor Williams — Mon, 12 Jan 2026 12:56:00 +0000

PHILADELPHIA — California-based canned beverage manufacturer DrinkPAK has signed a 1.4 million-square-foot industrial lease at The Bellwether District, a 1,300-acre logistics campus in South Philadelphia. The Bellwether District is a redevelopment of the former Philadelphia Energy Solutions refinery campus that can support traditional industrial uses, as well as life sciences and manufacturing uses. Hilco Redevelopment Partners (HRP) is the master developer of The Bellwether District. Jim Belcher, Nick Pickard, Stephen Cook and Mike Spaeder of Newmark represented DrinkPAK in the lease negotiations. According to the Newmark’s analysis of CoStar Group’s data, the deal represents one of the largest industrial transactions in the history of the Philadelphia market and the largest lease since 2020. “DrinkPAK’s commitment at The Bellwether District represents a defining moment for both the project and the region,” says Pickard. “This type of investment brings significant upside to greater Philadelphia, fueling job creation, supply chain expansion and regional economic growth.” Newmark also recently represented DrinkPAK in its negotiations for a pair of industrial lease expansions totaling 2.9 million square feet in Fort Worth. — Taylor Williams

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