Newmark Associates

Newmark Associates CRE Facilitates Successful Sale of Prime Medical/Office Building in Union, NJ

UNION, NJ – May 31, 2023 – Newmark Associates CRE, a leading commercial real estate brokerage firm, is pleased to announce the recent sale of an impressive 8,700 square foot medical/office building in Union, New Jersey. The transaction, with a final sale price of $1,625,000.00, highlights the demand for premium commercial properties in the area.

Newmark Associates’ esteemed agent, Ebony Parham, provided exceptional seller representation throughout the entire process. Demonstrating her expertise and commitment to delivering outstanding results, the property was listed and promptly went under contract within a remarkable 45 days. Located at 700 Rahway Avenue in Union, this two-story building presented an enticing opportunity for buyers seeking a strategic location and versatile space.

Positioned in a prime area of Union, the building offers unparalleled convenience and accessibility. Situated along the NJ Transit bus line and just minutes away from major highways, it provides excellent connectivity for both staff and patients. The property’s open floor plan and high ceilings create a spacious and adaptable environment, ideal for a range of medical and office purposes.

The fully built-out second floor, specifically designed for medical facilities, showcases the building’s potential as a comprehensive healthcare hub. With all necessary infrastructure in place, including examination rooms, treatment areas, and administrative spaces, the buyer, a prominent medical practice, recognized the immense value in this turnkey solution. The purchase will facilitate the practice’s expansion plans, enabling them to accommodate their growing patient base and provide enhanced medical services.

In addition to its strategic location and functional layout, the building offers the added advantage of ample on-site parking. This feature ensures convenience for patients and staff alike, allowing for seamless access to the facility.

The successful sale of this medical/office building underscores Newmark Associates CRE’s commitment to delivering exceptional service and driving successful transactions for their clients. With their extensive market knowledge and a keen understanding of the unique needs of buyers and sellers, the team at Newmark Associates is well-positioned to navigate the dynamic commercial real estate landscape.

Newmark Associates, CRE, located in Cedar Knolls, New Jersey, is certified as a woman-owned business by the Women’s Business Enterprise National Council, and is an affiliate of CRESDA (Commercial Real Estate Supplier Diversity Alliance), servicing the supplier diversity requirements of Fortune 100 companies across the country.  Celebrating more than 35 years in the commercial real estate industry as one of the top brokerage companies in the state, Newmark Associates has been recognized repeatedly with awards by both NJBIZ magazine, and the CoStar Commercial Real Estate organization.  Newmark specializes in lease and sales transactions of office, industrial, retail, land, healthcare, and mixed-use properties.