July 27, 2026 10:00 AM

Newmark announces the Company has arranged the sale of Cornerstone Plaza, a 51,664-square-foot neighborhood retail center in Southlake, Texas.

A Newmark Retail Capital Markets team of President, Head of Retail Capital Markets Conor Lalor, Senior Managing Director Kyle Minter and Vice Chairman Justin Shepherd represented the undisclosed seller in the transaction. Director James Sharpe V and Associate Director Cole Frantz also provided strategic support.

Cornerstone Plaza is a 100% leased, two-building retail center located at 2707-2727 East Southlake Boulevard in one of the Dallas-Fort Worth metroplex's most affluent suburban communities. The property is anchored by Cook Children's Medical Center, whose long-term tenancy provides stable, credit-backed cash flow, and is complemented by a roster of necessity-based retailers and service providers that benefit from the area's dense residential population and strong household incomes.

"Cornerstone Plaza generated strong investor interest thanks to its combination of exceptional demographics, durable tenancy and irreplaceable infill location," said Minter. "The property's long-term medical anchor, full occupancy and positioning within one of the nation's strongest retail corridors made it a compelling opportunity for investors seeking stable cash flow with embedded growth potential."

Located less than half a mile from State Highway 114, the center benefits from exceptional visibility and accessibility within the Southlake Town Square trade area. The surrounding market features household incomes exceeding $185,000 and dense residential growth, while limited available land and high barriers to new development continue to support long-term retail fundamentals.

The property's tenancy is heavily weighted toward medical and daily-needs retailers, providing resilience across market cycles while minimizing exposure to e-commerce disruption. In-place rents remain below market, offering investors the opportunity to capture future leasing upside as existing leases roll.

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. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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