Newmark Represents Brooklyn Defender Services in Major Headquarters Lease
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- Headquarters Lease Signed: Newmark represented Brooklyn Defender Services (BDS) in securing a 212,000-square-foot headquarters lease at The Wheeler in Downtown Brooklyn, marking a consolidation of five separate locations into a modern headquarters that enhances operational efficiency and service capacity.
- Long-Term Lease Agreement: The 31-year lease allows BDS to occupy six floors within the approximately 617,000-square-foot property under a synthetic leasehold condominium structure, providing a stable office environment and laying the groundwork for future expansion.
- Enhanced Service Capability: The new headquarters is designed to foster collaboration within the organization and improve accessibility for staff and the communities served, thereby enhancing BDS's ability to provide high-quality legal representation for Brooklyn residents and ensuring service quality for decades to come.
- Property Fully Occupied: This transaction brings The Wheeler to full occupancy, with existing tenants including Brooklyn Prospect Charter School, which signed a 150,000-square-foot lease in 2025, and St. Francis College, which relocated to over 255,000 square feet in 2022, further increasing the property's appeal and market value.
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Analyst Views on NMRK
Wall Street analysts forecast NMRK stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.690
Low
19.00
Averages
20.67
High
22.00
Current: 14.690
Low
19.00
Averages
20.67
High
22.00
About NMRK
Newmark Group, Inc. is a commercial real estate advisor and service provider to institutional investors, global corporations and other owners and occupiers. The Company offers a diverse array of integrated services and products designed to meet the full needs of its clients. Its investor/owner services and products include capital markets, which consist of investment sales and commercial mortgage origination, including the placement of debt, equity raising, and loan sales on behalf of third parties, landlord representation, leasing, valuation and advisory, property management and flexible workspace solutions for owners, a commercial real estate technology platform and capabilities for owners, due diligence consulting and other advisory services, government-sponsored enterprises (GSE) and Federal Housing Administration (FHA) multifamily lending and loan servicing, limited and special loan servicing and asset management, and business rates for United Kingdom property owners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Newmark Group Arranges £325 Million Loan for London Office Refinancing
- Financing Arrangement: Newmark Group has arranged a £325 million loan to refinance 30 Fenchurch Street on behalf of private real estate funds managed by Brookfield, demonstrating the company's strong influence among large institutional investors.
- Asset Overview: 30 Fenchurch Street is an iconic office building spanning 544,883 square feet, fully occupied and serving as a global hub for insurance, finance, legal, and media sectors, reflecting its core position in the high-end commercial real estate market.
- Sustainability Investment: Since acquiring the property in 2021, Brookfield has made targeted investments focused on enhancing the building's sustainability and energy efficiency, indicating a growing market emphasis on green buildings.
- Global Business Expansion: As of March 31, 2026, Newmark operates from over 185 offices with more than 9,600 professionals and generated revenues exceeding $3.4 billion, showcasing its leadership and market coverage in the commercial real estate sector.
See More
Newmark Represents Brooklyn Defender Services in Major Headquarters Lease
- Headquarters Lease Signed: Newmark represented Brooklyn Defender Services (BDS) in securing a 212,000-square-foot headquarters lease at The Wheeler in Downtown Brooklyn, marking a consolidation of five separate locations into a modern headquarters that enhances operational efficiency and service capacity.
- Long-Term Lease Agreement: The 31-year lease allows BDS to occupy six floors within the approximately 617,000-square-foot property under a synthetic leasehold condominium structure, providing a stable office environment and laying the groundwork for future expansion.
- Enhanced Service Capability: The new headquarters is designed to foster collaboration within the organization and improve accessibility for staff and the communities served, thereby enhancing BDS's ability to provide high-quality legal representation for Brooklyn residents and ensuring service quality for decades to come.
- Property Fully Occupied: This transaction brings The Wheeler to full occupancy, with existing tenants including Brooklyn Prospect Charter School, which signed a 150,000-square-foot lease in 2025, and St. Francis College, which relocated to over 255,000 square feet in 2022, further increasing the property's appeal and market value.
See More
Brooklyn Defender Services Signs Headquarters Lease at The Wheeler
- Headquarters Lease Signed: Brooklyn Defender Services (BDS) has signed a 212,000-square-foot headquarters lease at The Wheeler in Downtown Brooklyn, marking a long-term solution to consolidate five separate locations, which is expected to enhance operational efficiency and service capabilities.
- Lease Details: The 31-year lease allows BDS to occupy six full floors within the approximately 617,000-square-foot property under a synthetic leasehold condominium structure, improving accessibility and collaboration for its legal services.
- Community Impact: The new headquarters is designed to foster collaboration within the organization while enhancing accessibility for clients and surrounding communities, which is anticipated to improve the quality of legal representation and support for decades to come.
- Property Fully Leased: This transaction brings The Wheeler to full occupancy, with existing tenants including Brooklyn Prospect Charter School and St. Francis College, further solidifying the area as a hub for educational and legal services.
See More
Newmark Group Secures £325 Million Loan for 30 Fenchurch Street Refinancing
- Loan Arrangement: Newmark Group has arranged a £325 million loan to refinance 30 Fenchurch Street on behalf of private real estate funds managed by Brookfield, enhancing its financing capabilities in the London real estate market.
- Funding Sources: The financing is provided by OCBC and Mashreq, demonstrating international financial institutions' confidence in Newmark and its projects, thereby solidifying its position in global capital markets.
- Earnings Outlook: During the Q1 2026 earnings call, Newmark raised its revenue outlook for 2026 to between $3.775 billion and $3.875 billion, with adjusted EPS expected to be between $1.87 and $1.98, reflecting a strong project pipeline and market demand.
- Market Confidence: By successfully arranging a substantial loan and presenting a positive earnings outlook, Newmark not only boosts investor confidence but may also attract more capital inflows, further driving its growth in the real estate sector.
See More
Newmark Group Arranges £325 Million Loan for London Office Refinancing
- Financing Arrangement: Newmark Group has arranged a £325 million loan for Brookfield-managed private real estate funds to refinance the 30 Fenchurch Street office, demonstrating its strong influence among large institutional investors.
- Asset Overview: 30 Fenchurch Street is a prime Central London office building spanning 544,883 square feet, fully occupied and serving as a global hub for insurance, finance, legal, and media sectors, highlighting its market value and appeal.
- Sustainability Investment: Since its acquisition in 2021, Brookfield has made targeted investments to enhance the building's sustainability and energy efficiency, reflecting the growing market emphasis on green buildings.
- Global Business Expansion: As of March 31, 2026, Newmark generated over $3.4 billion in annual revenue, operating from over 185 offices with more than 9,600 professionals, showcasing its leadership position in the global commercial real estate sector.
See More
Newmark Arranges £325 Million Loan for 30 Fenchurch Street Refinancing
- Financing Arrangement: Newmark Group has arranged a £325 million loan for Brookfield-managed private real estate funds to refinance 30 Fenchurch Street, enhancing the asset's financial flexibility and supporting its sustainability goals.
- Asset Overview: 30 Fenchurch Street is a prime Central London office building spanning 544,883 square feet, fully occupied and serving as a global hub for insurance, finance, legal, and media sectors, demonstrating its strong appeal in the high-end commercial real estate market.
- Sustainable Investment: Since its acquisition in 2021, Brookfield has focused on improving the building's sustainability and energy efficiency, implementing various renovations aimed at phasing out fossil fuel use, thereby enhancing the asset's long-term value and market competitiveness.
- Company Strength: As of March 31, 2026, Newmark generated over $3.4 billion in annual revenue, operating from more than 185 offices with over 9,600 professionals, showcasing its leadership and extensive influence in the global commercial real estate sector.
See More
Newmark Group Arranges £325 Million Loan for London Office Refinancing
- Financing Arrangement: Newmark Group has arranged a £325 million loan to refinance 30 Fenchurch Street on behalf of private real estate funds managed by Brookfield, demonstrating the company's strong influence among large institutional investors.
- Asset Overview: 30 Fenchurch Street is an iconic office building spanning 544,883 square feet, fully occupied and serving as a global hub for insurance, finance, legal, and media sectors, reflecting its core position in the high-end commercial real estate market.
- Sustainability Investment: Since acquiring the property in 2021, Brookfield has made targeted investments focused on enhancing the building's sustainability and energy efficiency, indicating a growing market emphasis on green buildings.
- Global Business Expansion: As of March 31, 2026, Newmark operates from over 185 offices with more than 9,600 professionals and generated revenues exceeding $3.4 billion, showcasing its leadership and market coverage in the commercial real estate sector.
See More
Newmark Represents Brooklyn Defender Services in Major Headquarters Lease
- Headquarters Lease Signed: Newmark represented Brooklyn Defender Services (BDS) in securing a 212,000-square-foot headquarters lease at The Wheeler in Downtown Brooklyn, marking a consolidation of five separate locations into a modern headquarters that enhances operational efficiency and service capacity.
- Long-Term Lease Agreement: The 31-year lease allows BDS to occupy six floors within the approximately 617,000-square-foot property under a synthetic leasehold condominium structure, providing a stable office environment and laying the groundwork for future expansion.
- Enhanced Service Capability: The new headquarters is designed to foster collaboration within the organization and improve accessibility for staff and the communities served, thereby enhancing BDS's ability to provide high-quality legal representation for Brooklyn residents and ensuring service quality for decades to come.
- Property Fully Occupied: This transaction brings The Wheeler to full occupancy, with existing tenants including Brooklyn Prospect Charter School, which signed a 150,000-square-foot lease in 2025, and St. Francis College, which relocated to over 255,000 square feet in 2022, further increasing the property's appeal and market value.
See More
Brooklyn Defender Services Signs Headquarters Lease at The Wheeler
- Headquarters Lease Signed: Brooklyn Defender Services (BDS) has signed a 212,000-square-foot headquarters lease at The Wheeler in Downtown Brooklyn, marking a long-term solution to consolidate five separate locations, which is expected to enhance operational efficiency and service capabilities.
- Lease Details: The 31-year lease allows BDS to occupy six full floors within the approximately 617,000-square-foot property under a synthetic leasehold condominium structure, improving accessibility and collaboration for its legal services.
- Community Impact: The new headquarters is designed to foster collaboration within the organization while enhancing accessibility for clients and surrounding communities, which is anticipated to improve the quality of legal representation and support for decades to come.
- Property Fully Leased: This transaction brings The Wheeler to full occupancy, with existing tenants including Brooklyn Prospect Charter School and St. Francis College, further solidifying the area as a hub for educational and legal services.
See More
Newmark Group Secures £325 Million Loan for 30 Fenchurch Street Refinancing
- Loan Arrangement: Newmark Group has arranged a £325 million loan to refinance 30 Fenchurch Street on behalf of private real estate funds managed by Brookfield, enhancing its financing capabilities in the London real estate market.
- Funding Sources: The financing is provided by OCBC and Mashreq, demonstrating international financial institutions' confidence in Newmark and its projects, thereby solidifying its position in global capital markets.
- Earnings Outlook: During the Q1 2026 earnings call, Newmark raised its revenue outlook for 2026 to between $3.775 billion and $3.875 billion, with adjusted EPS expected to be between $1.87 and $1.98, reflecting a strong project pipeline and market demand.
- Market Confidence: By successfully arranging a substantial loan and presenting a positive earnings outlook, Newmark not only boosts investor confidence but may also attract more capital inflows, further driving its growth in the real estate sector.
See More
Newmark Group Arranges £325 Million Loan for London Office Refinancing
- Financing Arrangement: Newmark Group has arranged a £325 million loan for Brookfield-managed private real estate funds to refinance the 30 Fenchurch Street office, demonstrating its strong influence among large institutional investors.
- Asset Overview: 30 Fenchurch Street is a prime Central London office building spanning 544,883 square feet, fully occupied and serving as a global hub for insurance, finance, legal, and media sectors, highlighting its market value and appeal.
- Sustainability Investment: Since its acquisition in 2021, Brookfield has made targeted investments to enhance the building's sustainability and energy efficiency, reflecting the growing market emphasis on green buildings.
- Global Business Expansion: As of March 31, 2026, Newmark generated over $3.4 billion in annual revenue, operating from over 185 offices with more than 9,600 professionals, showcasing its leadership position in the global commercial real estate sector.
See More
Newmark Arranges £325 Million Loan for 30 Fenchurch Street Refinancing
- Financing Arrangement: Newmark Group has arranged a £325 million loan for Brookfield-managed private real estate funds to refinance 30 Fenchurch Street, enhancing the asset's financial flexibility and supporting its sustainability goals.
- Asset Overview: 30 Fenchurch Street is a prime Central London office building spanning 544,883 square feet, fully occupied and serving as a global hub for insurance, finance, legal, and media sectors, demonstrating its strong appeal in the high-end commercial real estate market.
- Sustainable Investment: Since its acquisition in 2021, Brookfield has focused on improving the building's sustainability and energy efficiency, implementing various renovations aimed at phasing out fossil fuel use, thereby enhancing the asset's long-term value and market competitiveness.
- Company Strength: As of March 31, 2026, Newmark generated over $3.4 billion in annual revenue, operating from more than 185 offices with over 9,600 professionals, showcasing its leadership and extensive influence in the global commercial real estate sector.
See More
