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Newmark Advises on Recapitalization of Six Million-SF Multi-Market Industrial Portfolio with Blackstone
Newmark represents Crow Holdings in recapitalization of 25-building Texas and Illinois portfolio NEW YORK, July 1, 2025 /PRNewswire/ -- Newmark Group, Inc.
About this update from Newmark Group, Inc.
[{"type":"text","content":"Newmark represents Crow Holdings in recapitalization of 25-building Texas and Illinois portfolio\nNEW YORK, July 1, 2025 /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 advised Crow Holdings on the recapitalization of a six-million-square-foot industrial portfolio with Core+ funds affiliated with Blackstone Real Estate. Blackstone acquired a 95% stake in the portfolio, which includes 25 Class A buildings located in Dallas, Houston and Chicago.\n\n \n \n \n \n \n \n\n \nNewmark Senior Managing Director Dom Espinosa, President and Global Head of Industrial & Logistics Capital Markets Jack Fraker, Vice Chairman Dustin Volz and Executive Vice Chairman Kevin Donner advised Crow Holdings in the transaction. Newmark's Co-Head of U.S. Capital Markets Adam Spies, Executive Vice Chairmen Marcella Fasulo and Josh King also supported negotiations.\n\"Capital markets activity in high-growth U.S. markets continues to demonstrate strong investor appetite, with industrial remaining a top target for long-term capital,\" said Chad Lavender, Newmark President of Capital Markets for North America. \"We're proud to have advised on a transaction of this scale, which showcases both the sector's strength and our team's expertise in delivering strategic outcomes for our clients.\"\nCrow Holdings is a leading real estate development and investment management firm founded by industry icon Trammell Crow in 1948. The Dallas-based firm has $33 billion in assets under management and one of the largest multifamily and industrial development platforms in the nation. \n\"This notable transaction underscores the continued conviction in industrial as a leading asset class – particularly in high-performing markets,\" said Fraker. \"Demand for well-located, Class A logistics space remains robust and this portfolio represents the type of institutional-quality product investors are eager to acquire.\"\n\"This closing brings together a unique partnership between the world's largest real estate investor and one of the nation's premier, privately-held real estate development and investment firms,\" said Espinosa. \"It's a strong endorsement of the Dallas, Houston and...