Newmark Associates CRE, a leading commercial real estate firm in New Jersey, has successfully completed the sale of a medical office building in Roseland, NJ. The transaction was managed by Dennis Giammetta, Senior Associate, and Meryl Ehrenkranz, Senior Vice President, of the firm.

Previously occupied by LabCorp (RWJBarnabas), the building was acquired by a medical practice that recognized its potential for establishing a new office. Its prime location, existing medical infrastructure, and strong market demand made it an attractive investment for healthcare professionals looking to expand their presence.

“The high traffic flow, abundant on-site parking, and nearby residential developments naturally attracted buyers,” said Dennis Giammetta.

With their extensive experience in commercial real estate, Giammetta and Ehrenkranz ensured a seamless transaction, creating a beneficial outcome for both the seller and the buyer.

This sale further underscores Newmark Associates CRE’s ongoing commitment to facilitating high-value real estate transactions across New Jersey. The firm’s market expertise, strategic approach, and dedication to client success continue to solidify its position as an industry leader.

Newmark Associates Commercial Real Estate is the largest woman owned commercial restate firm in NJ providing expert brokerage and advisory services for over 40 years. The firm is known for its client focused approach, market knowledge and commitment to diversity and inclusion. Newmark has built a reputation for delivering innovative real estate solutions across the office, industrial, retail and healthcare sectors.