NEWMARK LEASES 50,000 SF TO SCHOOL
Newmark Associates, a prominent commercial real estate brokerage firm, proudly announces the successful lease of 50,000 square feet of prime educational space to Newark Educators Community Charter School (NECCS) at 570 Broad Street, Newark, New Jersey. The transaction was managed by Newmark Associates brokers Ebony Parham and Jeannette Melillo, and completed in under 90 days to ensure readiness for the 2023/2024 school year.
This lease marks a significant milestone in NECCS’s expansion efforts, enabling them to provide high-quality education in a state-of-the-art facility. NECCS, in search of a suitable location to accommodate its growing student body, entrusted Newmark Associates to locate and negotiate terms for a lease agreement. The new Newark facility provides NECCS with a spacious and modern learning environment, ensuring the continuation of high-quality education for years to come.
Chalynda Maynard President of the NECCS School Board, stated “We at NECCS are excited to have a new home. The space was strategically chosen by Newmark Associates based on our defined needs. This space meets all our needs, enabling us to provide designated spaces and rooms for enrichment programs. Our children now have a designated dance studio, music room and science lab! Thank you so much Ebony, Jeannette, and Susanne for all your dedication and work toward procuring this beautiful space for us.”
Phil Neuer, the attorney representing the school was instrumental in expediting the lease negotiations to assure the timeline for occupancy was met.
Miles Berger (Landlord), stated “The Berger Organization is very pleased with the leasing of 50,000 square feet to Newark Educators Community Charter School, and looks forward to a long-term relationship with this Charter School as a tenant.”
“We are thrilled to have secured this outstanding space for NECCS,” said Ebony Parham, VP at Newmark Associates. “This lease is a reflection of our commitment to meeting the needs of our clients and our support for local education.”
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.