2013 A Banner Year for Newmark Associates
Newmark Associates, Inc. Announces 2013 Banner Year
Firm Exceeds Their Revenue Projections
By Jan De Pinto
As commercial real estate property values continue to recover, Newmark Associates, Inc. is pleased to announce another record-breaking year for 2013, reporting on notable transactions.
Susanne Newmark, President of Newmark Associates, Inc. represented the purchaser in the $3.8 million sale to LifeTown, Inc. of a 43,100 SF flex building at 8-10 Microlab Road in Livingston. The former corporate headquarters facility with 26,500 SF of office space and 16,600 SF of manufacturing/warehouse space on over 4 acres of land will be converted to a $13 million state-of-the art community center “village” to serve young adults with special needs by LifeTown, Inc.
David Bieber, Esq. and Vice President, and Craig Levitan, Broker-Associate, exclusively represented both the seller and the buyer in the sale of 184,000 SF of the former Macy’s store located at 2501 Mt. Holly Road in Burlington, New Jersey. A real estate investment division of Las Vegas-based firm Moonbeam Capital Investments, LLC, Burlington NJ, LLC, purchased the property.
Broker-Associate and Managing Director, Deborah Myers, sold 20,000 SF of office space to Somerset Property Investments at 365 South Street in Morristown, New Jersey. The building sold for $4 million.
Craig Levitan, Broker-Associate, represented the seller of 30,550 SF of industrial space at 12 Orben Drive in Landing, New Jersey.
Nancy Glick, Managing Director and Broker-Associate at Newmark, participated in the sale of 160,000 SF of office space at 15 Corporate Place South in Piscataway, New Jersey.
Located in Cedar Knolls, New Jersey, Newmark Associates, Inc., has earned recognition as one of the top real estate brokerage companies by NJBIZ magazine, and the CoStar Commercial Real Estate organization. They specialize in lease and sales transactions, tenant and owner representation, and lease renegotiation as well as providing advisory and valuation services.
Certified as a woman-owned business by the Women’s Business Enterprise National Council, Newmark Associates, Inc. is registered as a Supplier Diversity provider with corporate members. Their clients range from regional, entrepreneurial firms to Fortune 500 companies.
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