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

News Provided by PR Newswire2026-01-12

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

[12-January-2026]

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.