Independence, MO (August 28, 2026) — A large warehousing and distribution tenant has signed a new lease totaling 1,443,600 square feet at Space Center underground industrial park, located at 1500 Geospace Drive in Independence, Missouri.
The transaction represents the largest industrial lease in the Kansas City metropolitan area year-to-date by square footage.
“The underground developments throughout Kansas City provide an exceptional logistics solution for users, offering highly functional and secure space with low operating costs,” said Mark C. Long, the President and Chief Executive Officer of Newmark Zimmer. “Space Center is a high-quality, institutionally owned and professionally managed business park that has served as a preferred location for a diverse range of tenants and businesses for many years.”
Spanning approximately 160 acres of limestone, Space Center is a unique underground industrial park designed to support a broad range of manufacturing, warehousing and logistics operations. The property offers tenants an energy-efficient environment with a naturally stable climate, low humidity and advanced fire protection systems, creating an ideal setting for technology storage, distribution and other operations requiring reliable environmental conditions.
Space Center’s strategic location also provides convenient access to the Kansas City region’s major transportation corridors, with the property located within approximately 15 minutes of Interstate 70, Interstate 435, U.S. Highway 291 and U.S. Highway 40.
Mark C. Long, John F. Hassler and Seamus M. McLaughlin of Newmark Zimmer represented the landlord in the transaction.
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 more than 34 million square feet of office, medical, industrial, and retail property, and serves as corporate real estate advisors for an assortment of local, regional, national, and international companies.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark’s comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents.
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.
