Newmark Facilitates $44.5M Sale of Cox Road Office Portfolio in Richmond, VA

Newmark Brokers $44.5 Million Sale of Richmond Office Portfolio

Newmark Group, Inc. (Nasdaq: NMRK) has facilitated the $44.5 million sale of the Cox Road Office Portfolio, a three-building office complex totaling 300,364 square feet in Richmond, Virginia, the firm announced February 17, 2026. The transaction equates to approximately $148 per square foot, based on the disclosed price and square footage.

The portfolio is situated along Cox Road in Richmond, Virginia. The buyer and seller were not disclosed in the announcement.

About Newmark

Newmark Group, Inc., together with its subsidiaries, provides commercial real estate services across the property life cycle. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of that date, Newmark and its business partners operated from approximately 170 offices with over 8,500 professionals across four continents.

Forward-Looking Statements

Statements in Newmark's announcement regarding the company 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 additional risks and uncertainties, see Newmark's Securities and Exchange Commission filings.