• Newmark arranged the USD 508 million sale of The Summit, an 870,000-square-foot mixed-use lifestyle center in Birmingham, Alabama.
• Transaction marked Alabama’s largest single-property commercial real estate sale by purchase price.
• Seller JDJ sold the asset to Federal Realty.
• The property was about 95% leased at closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610061030PR_NEWS_USPR_____NY64483) on October 06, 2026, and is solely responsible for the information contained therein.