Sparta & Ringwood, NJ – Newmark Associates continues to demonstrate leadership in Northern New Jersey’s retail investment market, recently brokering two major property sales that highlight growing demand for well-located suburban assets.

Dennis Giammetta, Senior Associate at Newmark Associates, along with Michael Taccetta, successfully closed back-to-back transactions, underscoring the strength of investor and owner-user interest in the region.

Giammetta represented both the seller and buyer in the sale of a 20,680 sf retail property located at 37 Sparta Theatre Center, Sparta NJ. Surrounded by high-traffic neighbors including a movie theater, bowling alley, and the iconic Sparta Diner, the property presents strong redevelopment potential and long-term upside. Formerly home to RJ Mars, this transaction reflects ongoing investor appetite for strategic suburban retail opportunities.

Giammetta and Taccetta jointly brokered the sale of a 17,800 sf, mixed-use retail center located at 55 Skyline Drive in Ringwood NJ. Anchored by local favorites such as Goldberg’s Bagels and Ringwood Pizza, the site also includes a separate 2,100 SF building occupied by Provident Bank. Its high occupancy and durable tenancy made it a standout investment in the northern New Jersey market.

Newmark Associates, CRE, based in Cedar Knolls, New Jersey, is celebrating 40 years as one of the state’s leading commercial real estate brokerage firms. Recognized by NJBIZ and the CoStar Group for excellence in the industry, Newmark specializes in leasing and sales of office, industrial, retail, land, healthcare, and mixed-use properties. The firm is certified as a woman-owned business by the Women’s Business Enterprise National Council (WBENC) and is a founding member of CRESDA (Corporate Real Estate Services, Diversity Associates), serving the needs of major corporations nationwide.