Newmark Arranges 13,900-SF Retail Lease at The Courtyard on Spanish River in Boca Raton, Florida

May 13, 2026 11:00 AM

Newmark announces the Company has arranged a new 13,900-square-foot retail lease at The Courtyard on Spanish River, a 60,000-square-foot mixed-use property at 500 NE Spanish River in Boca Raton, Florida, on behalf of ownership, Brickstar Capital. The lease brings Composure Club, a new fitness and wellness concept featuring a state-of-the-art gym, to the property, with opening anticipated in late 2026.

Newmark Managing Director Mitch Heifetz serves as the building's exclusive leasing agent, representing Brickstar Capital in the transaction. Composure Club was represented by Jared Robins of Inhouse CRE.

"Brickstar Capital has done an exceptional job transforming The Courtyard on Spanish River into a thoughtfully repositioned, high-end wellness and lifestyle destination," said Heifetz. "The company's vision and trust have allowed us to attract best-in-class concepts like Composure Club, which perfectly complement the property's elevated offerings and enhance the overall community experience."

"Boca Raton felt like a natural home for Composure Club, a bespoke, private fitness club built around intentional living," said David Somberg, Founder of Composure Club. "We designed the club to elevate the everyday, with a thoughtful, design-forward, hospitality-led approach to fitness and wellness. It's a space where performance, recovery and connection come together seamlessly. We are excited to open our doors and welcome the Boca Raton community."

The Courtyard on Spanish River recently underwent a multimillion-dollar renovation designed to revitalize the courtyard, façade and interior common areas, enhancing the tenant and customer experience while supporting high-end food and beverage, fitness and service-oriented concepts. The property features a complementary lineup of tenants including Image Studios, Mane Coffee, The Sweat Room Pilates, Intensity X3 Fitness & Kickboxing and Eleven Eleven Skin.

"We're seeing strong and accelerating demand for wellness uses across South Florida," added Robins. "The market has limited homegrown operators at scale, which makes this lease especially meaningful. Composure Club is positioned to be a category leader, and this location marks the first of several."

Located in the heart of the affluent East Boca Raton market, The Courtyard on Spanish River is located steps off of a highly visible corner at Spanish River Boulevard and Federal Highway. The property offers convenient access to I-95 and is minutes from the beach, Mizner Park, Florida Atlantic University and several established residential neighborhoods throughout Eastern Boca Raton.

According to Newmark Research, U.S. retail absorption returned to positive territory in the third quarter of 2025, an unexpected but encouraging shift for the sector. Sun Belt markets continue to outperform nationally, leading in both total absorption and absorption rates as demand remains strong for well-located, experience-driven retail destinations.

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.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.