Newmark : Pacific Facilitates Nearly $26 Million Sale of Encinitas Village Square in San Diego

About this update from Newmark Group, Inc.

July 9, 2026 9:00 AM Newmark Pacific announces the Company has arranged the $25.94 million sale of Encinitas Village Square, a coastal retail center located in Encinitas, California. Newmark Pacific Vice Chairman Pete Bethea and Senior Managing Directors Glenn Rudy and Rob Ippolito represented the seller, Festival Management, in the transaction. The buyer was US Property Trust. Located at 1450-1476 Encinitas Boulevard, Encinitas Village Square is a 25,370-square-foot, grocery-shadow anchored retail center situated on approximately 2.58 acres in one of North San Diego County's most desirable coastal submarkets. The property is 99% leased and features a mix of national and regional service-oriented tenants, including California Pizza Kitchen, The Habit Burger Grill, Luna Grill and Peet's Coffee. "The sale of Encinitas Village Square is another example of investors gravitating toward top-tier shopping center assets in proven retail submarkets," said Bethea. "Encinitas has long been recognized as one of San Diego County's strongest retail markets and continues to attract many of the industry's most sought-after retailers and concepts." Bethea added, "With its premier location, strong demographics and curated tenant mix, Encinitas Village Square is well positioned to benefit from the market's continued momentum. We congratulate both the buyer and seller on an outstanding outcome for all parties involved." Originally built in 1975 and renovated in 2016, the center benefits from strong visibility along Encinitas Boulevard, which sees traffic counts of approximately 28,000 vehicles per day, as well as proximity to El Camino Real, a major regional thoroughfare. The asset is strategically positioned adjacent to Encinitas Village Town Center, a dominant grocery-anchored retail destination including Trader Joe's, Ralphs and CVS, among others. Encinitas Village Square's sale reflects continued investor demand for high-quality assets in supply-constrained coastal markets. According to Newmark Research , broader commercial real estate fundamentals across San Diego have adjusted following a period of elevated new deliveries, while construction activity has slowed considerably and top-tier submarkets such as Del Mar Heights, Encinitas and UTC continue to demonstrate resilience, with strong rents and stable occupancy. [1] Largest by sales price [2] According to Newmark Research About Newmark Pacific 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 March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 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.

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