Newmark Retained to Market 757,000-Square-Foot Fully Leased Office Portfolio Across Michigan, Ohio, and South Carolina

Newmark has been retained to lead the sale of a fully leased, 757,000-square-foot office portfolio comprising five single-tenant properties located across Michigan, Ohio, and South Carolina, the firm announced June 9, 2026.

The portfolio includes properties in Northville and Farmington Hills, Michigan; Columbus, Ohio; and Greenville, South Carolina. The portfolio is fully leased to a mix of corporate occupiers in the automotive, manufacturing, healthcare, and engineering sectors, with a weighted average lease term of approximately 6.4 years.

Portfolio Properties and Tenants

The five-property portfolio includes 15701 Technology Drive and 15951 Technology Drive in Northville, Michigan; 27360 Drake Road in Farmington Hills, Michigan; 2900 Easton Square Place in Columbus, Ohio; and 1041 E. Butler Road in Greenville, South Carolina.

Tenants across the portfolio include Tenneco, Forvia, Sumitomo, and Jacobs. Each property is structured as a single-tenant net lease asset.

Newmark Leading the Marketing Efforts on Behalf of the Seller

Newmark Capital Markets Executive Managing Director Jim Postweiler, Senior Managing Directors Derek Fohl and Peter Harwood, and Associate Director Jack Trager, in cooperation with local licensees, are leading the marketing efforts on behalf of the seller. A sale price was not disclosed.

"This portfolio presents an opportunity to acquire scaled office product with durable cash flow across multiple growth-oriented markets," Postweiler said in a statement. "The combination of tenant and geographic diversification, long-term occupancy and institutional-quality real estate positions the portfolio to appeal to investors seeking stable income today with future upside through lease rollover and renewal opportunities."

Property Locations and Market Context

Newmark describes the Michigan assets as situated within Detroit's western suburban office market. The Columbus and Greenville properties are characterized by the firm as positioned in fast-growing business environments supported by expanding corporate investment, skilled labor pools, and diversified economic drivers. The properties are located in established suburban office corridors with access to major transportation infrastructure and proximity to large population and employment centers.

The portfolio's tenant base spans the automotive, manufacturing, healthcare, and engineering sectors.

Forward-Looking Statements

Newmark noted that statements regarding the portfolio's investment characteristics and market positioning reflect the firm's current expectations and are subject to risks and uncertainties. The firm undertakes no obligation to update such statements except as required by law.

Newmark Group, Inc. (Nasdaq: NMRK) reported revenues of more than $3.4 billion for the twelve months ended March 31, 2026, and operates from over 185 offices with more than 9,600 professionals across four continents.