Newmark Arranges $125M Sale of 352K-SF Deer Park Town Center
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in September 2026: $5.6B across 96 reported transactions. All Retail coverage →
- 92 stories mentioning Newmark on the wire in the past 90 days. Newmark coverage →
Computed from Real Estate Trail’s own tracked coverage
Newmark has arranged the $125 million sale of Deer Park Town Center, a 352,257-square-foot open-air lifestyle center located in Deer Park, Illinois. Newmark President and Head of Retail Capital Markets Conor Lalor and…
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