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Newmark Mountain West Facilitates 95,278-Square-Foot Lease in El Tenedor Logistics Center

Posted by Allen Greenwell on November 18, 2025
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Salt Lake City, UT – Newmark Mountain West, a leading full-service commercial real estate brokerage, is pleased to announce the lease of 95,278 square feet in El Tenedor Logistics Center to Fortis Solutions Group. Ben Richardson, Jeff Heaton, Kyle S. Roberts and Kolby Long of Newmark Mountain West represented the landlord in the transaction.

“We’re excited to see the recent uptick in leasing activity at El Tenedor Logistics Center in Spanish Fork, Utah— a testament to the region’s strong fundamentals and continued growth,” said Ben Richardson, Executive Managing Director at Newmark Mountain West. “It’s been a pleasure working alongside our valued partners, Bow River Capital, Wadsworth Development Group, and Colmena Group, whose collaboration and vision have been instrumental in making this success possible. A special thanks to Brandon Fugal and the Colliers team for bringing Fortis Solutions Group as the newest tenant — an excellent addition to the community.”

Developed by Wadsworth Development Group and Colmena Group, El Tenedor Logistics Center is an 800,766-square-foot, class-A industrial park conveniently located near I-15 in Spanish Fork. Phase I is now open with Phase II expected to deliver in 2027 and Phase III in 2028. Available spaces range from 24,891 square feet up to 324,000 square feet.

About Newmark Mountain West
Newmark Mountain West, an independently owned and operated member of the Newmark Licensee Group, delivers a comprehensive suite of commercial real estate services across Utah, Idaho, Nevada, Wyoming and Montana. With nearly 200 professionals, the firm leverages Newmark’s (Nasdaq: NMRK) global platform to power every stage of the property life cycle for occupiers, investors, and developers.

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.

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