Newmark Group, Inc. arranged a $415 million loan to refinance a portfolio of 13 open‑air shopping centers that together span roughly 2.4 million rentable square feet across the Northeast. Twelve of the 13 centers are anchored by grocery tenants, providing a stable, long‑term lease income stream that is attractive to lenders.
The transaction was structured by Newmark’s Global Debt & Structured Finance team and funded by HPS Investment Partners. The loan is being provided to DRA Advisors and KPR Centers, the owners of the portfolio. Newmark reported revenues of more than $3.1 billion for the twelve months ended September 30 2025, and it operates from about 170 offices with over 8,500 professionals worldwide. DRA Advisors manages assets worth $11.6 billion as of the same date.
Grocery‑anchored retail centers are considered resilient assets because consumer demand for food and household essentials remains steady even in economic downturns. By securing this financing, Newmark demonstrates its ability to mobilize capital for high‑quality, defensible retail properties and reinforces its reputation as a leading advisor in the commercial real estate market. The deal is part of a broader pattern of activity for Newmark, which has recently completed a $690 million refinancing of a multifamily portfolio and a $630 million refinancing of an office tower.
The loan underscores Newmark’s continued focus on high‑quality retail assets and its capacity to deliver large, multi‑property transactions. The firm’s next earnings release is scheduled for February 25 2026, where it will provide further insight into its overall financial performance and strategic priorities.
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