July 1, 2026 9:00 AM

Newmark announces the Company has arranged the sale of Highland Village, a premier grocery-anchored retail destination in Jackson, Mississippi. President and Head of Retail Capital Markets Conor Lalor represented seller WS Development, in cooperation with Vice Chairman Bert Sanders. The buyer was Asana Partners.

Located at 4500 I-55 North, Highland Village encompasses approximately 217,589 square feet across 14.5 acres in one of Jackson's most affluent retail corridors. Originally developed in 1960 and comprehensively redeveloped by WS Development in 2017, the property is anchored by the only Whole Foods Market location in Mississippi and features a carefully curated tenant roster that includes Free People, Kendra Scott, Warby Parker, lululemon and Maison Weiss. At the time of sale, the center was approximately 90% occupied.

"Highland Village represents the type of retail investment opportunity that rarely comes to market," said Lalor. "Its combination of dominant grocery tenancy, best-in-class merchandising, affluent demographics and proven operating performance attracted significant interest from investors seeking durable income and long-term growth."

Highland Village benefits from exceptional visibility along Interstate 55, which carries nearly 150,000 vehicles per day, serving one of Mississippi's highest-income consumer bases, including the neighboring communities of Eastover, Fondren and Flowood. Since its redevelopment, more than 64,000 square feet of new leases have been signed at the property, which now attracts over 2.3 million annual visitors, reinforcing its position as Jackson's premier lifestyle retail destination.

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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