Newmark Zimmer Completes Disposition of 275,000 SF, 335 Door Cross-Dock Truck Terminal
Kansas City, MO (March 22, 2022) — Newmark Zimmer is pleased to announce the successful disposition of 9140 Woodend Road in Edwardsville, Kansas. Amongst the largest cross-dock truck terminal facilities in the nation, the 275,000 square foot property is fully leased to a Fortune 500 tenant and sits on a 126-acre site adjacent to Interstates 435 and 70.
“This mega terminal offered investors an opportunity to acquire a highly strategic, Class-A transportation and logistics facility which serves a mission critical component within the tenant’s supply chain,” said John Hassler, Senior Managing Director with Newmark Zimmer. A collaborative effort between Newmark’s Net Lease and Heartland Institutional Capital Markets teams, the assignment was led by Jerry Hopkins, Ken Hedrick, Mark Long, John Hassler and Alex Foshay. The disposition process attracted interest from a broad stable of investors across the United States and beyond.
“The amount of interest that this property generated from a broad base of buyers is continued confirmation of the significant demand that exists from investors to acquire assets that leverage a centralized and highly strategic location within the national supply chain,” said Mark Long, President and Chief Executive Officer with Newmark Zimmer.
The building was constructed as a build-to-suit for the tenant in 1999 and was subsequently expanded in 2013 and 2019, making it the largest terminal facility ever built in the Kansas City area industrial market.
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, owner’s representative services for public and private development projects, and public-sector consulting. 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 13.5 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. For further information, visit nmrkzimmer.com.
About Newmark
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. Newmark generated revenues in excess of $2.9 billion for the year ending December 31, 2021. Newmark’s company-owned offices, together with its business partners, operate from approximately 160 offices with over 6,200 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 ForwardLooking 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
