Newmark Secures 21 Million Square Foot Management Deal with 601W

The deal, spearheaded by Newmark’s Jesse Van Dyke and Richard Holden, integrates a customized operating program tailored to 601W’s long-term growth objectives. The portfolio includes 12 million square feet in Chicago alone, with the remainder distributed across other key domestic markets. Services are already underway at 333 S Grand Avenue in Los Angeles, signaling the immediate start of the partnership.

Luis Alvarado, Newmark’s Chief Operating Officer, noted that the move aligns with the firm’s strategy to expand recurring revenue while deepening ties with institutional investors. For 601W, the collaboration provides a strategic partner capable of managing complex, large-scale assets. Mark Karasick, Managing Member of 601W, cited Newmark’s professionalism and flexible operating model as key drivers for the selection, noting the firm’s readiness to support their ongoing national investment strategy.