Kansas City, MO (November 7, 2023) — Newmark Zimmer is pleased to announce the 34,000 square foot build-to-suit on behalf of the first tenant within MetroEast Commerce Center, located in Independence, Missouri. The building, which has broken ground and is scheduled to be delivered in fall 2024, offers a state-of-the-art design to serve one of the region’s most active medical transport companies.
“MetroEast Commerce Center is a perfect complement to the development of nearby large-scale logistics buildings in Independence as it is designed to provide sites and buildings that fit more of a small to midsized light industrial user within the dynamic location that Independence provides,” said John F. Hassler, Executive Managing Director with Newmark Zimmer.
MetroEast Commerce Center is located on 60 (±) acres to the north of E RD Mize Road and Jackson Drive and offers vertical ready sites to accommodate mid-sized light industrial and flex building users. Additionally, the park is situated in a business-friendly community near labor, amenities, and strategic transportation routes.
“This project signifies a major step forward in expanding the city’s industrial inventory and underscores the development group’s commitment to delivering high-quality building solutions,” said Jeremy Hull, President with Hulmark Construction.
John F. Hassler with Newmark Zimmer handled lease negotiations of the transaction and is marketing sites within the park on behalf of the developer. Hullmark Construction is providing park infrastructure and building construction services.
About Newmark Zimmer
Newmark Zimmer is a full-service commercial real estate company providing a range of services including sales and leasing, investment sales, property and facilities management, global corporate services, and owner’s representative services for public and private development projects. Its staff boasts an array of experience in design, construction, valuation, finance and legal matters.
Regularly recognized as one of the top brokerage firms in the region, Newmark Zimmer manages nearly 20 million square feet of office, medical, industrial and retail property, and serves as corporate real estate advisor for an assortment of local, regional, national and international companies.
About Hullmark Construction
Hullmark Construction LLC, located in Independence, MO, thrives on niche projects like those found in the MetroEast Commerce Center. With innovative in-house design and fabrication services, Hullmark Construction can streamline all your building and construction needs, taking out the middleman and markup, and allowing us to add our hands-on approach to any project. We offer a full-service sheet metal and fabrication shop and specialize in pre-engineered metal building erection, architectural sheet metal, structural steel fabrication and erection, concrete, site work, and interior finish. By self-performing most of the scopes on our projects, we can more effectively address our tenants’ and developer’s needs as pertaining to their project schedule and budget. Hullmark Construction LLC is a woman-owned, family-operated full-service contractor that is ready to help with all of your industrial/flex needs.
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 year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of September 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 professionals around the world.
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 effects of the COVID-19 pandemic on 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.