Newmark Arranges Financing for Related Ross' Acquisition of Landmark 1.7 MSF Boca Raton Innovation Campus
Newmark Arranges Financing for Related Ross' Acquisition of Landmark 1.7 MSF Boca Raton Innovation Campus
PR Newswire
NEW YORK, Sept. 17, 2026
Vision for Former IBM Campus Includes Mix of Amenities, Retail and Restaurants
NEW YORK, Sept. 17, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or the "Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has arranged financing on behalf of Related Ross for the acquisition of Boca Raton Innovation Campus (BRiC), a 1.7-million-square-foot, 124-acre office and technology campus in Boca Raton, Florida.
Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Managing Director John Caraviello, in collaboration with Executive Vice Chairman Josh King, arranged the financing with Ares.
"Related Ross has long been a tastemaker in the office sector, creating destinations that redefine how companies and communities experience the workplace," said Scribani. "BRiC represents a generationally significant development opportunity, combining an extraordinary legacy, substantial scale and a strategic South Florida location."
Located at 5000 T-Rex Avenue, BRiC spans more than 1.7 million square feet across two office buildings. Originally developed by IBM as its North American research and development campus, the property is recognized as the birthplace of the company's first personal computer and remains one of Boca Raton's largest employment centers.
BRiC offers an extensive amenity program, including two cafés, an 800-seat presentation hall, multiple event spaces and direct shuttle service to the Boca Raton Tri-Rail station. The campus is also situated near Florida Atlantic University, Boca Raton Airport and two Interstate 95 interchanges.
Related Ross plans to continue operating BRiC as an office and technology campus while advancing a long-term vision for the property that introduces a curated mix of amenities, retail and restaurants. The acquisition expands the company's presence across Palm Beach County and marks its entry into Boca Raton.
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. Learn more at nmrk.com or follow @newmark.
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.
SOURCE Newmark Group, Inc.
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