Eric Strauss//August 25, 2016//
Real estate services firm JLL has been chosen to lease the remaining space at the former Hahne & Co. flagship store in Newark, it announced Thursday.The firm, which has New Jersey offices in Parsippany, Iselin and East Rutherford, is now seeking tenants for the remaining 25,000 square feet of office space on the second floor of 609 Broad St. in the city.
The JLL team of Jonathan Meisel, Conor Dolan and Christopher Conklin is representing ownership group 609 Broad Street LLC, which includes partners L M Development Partners, Prudential Financial and Goldman Sachs. It is also working with retail partner The Prusik Group.
“This exciting project will bring to life one of Newark’s most historic buildings,” Meisel said in a prepared statement. “Located across the street from redesigned Military Park and adjacent to Prudential Insurance Company’s new headquarters, Hahne’s is situated in an area that is fast becoming a hot location in Newark, especially for businesses looking to grow.”
The former Hahne & Co. Department Store site is a multiuse facility including 160 rental apartments, plus about 160,000 total square feet of retail, office and community/educational space.
Whole Foods is the anchor retailer, with a 30,000-square-foot lease on the ground floor, JLL said, while Rutgers University has leased about 50,000 square feet for the arts collaborative space Express Newark.
City National Bank is the first office tenant, with an 11,000-square-foot lease.