NAI Hanson negotiates downtown Brick City sale to Rutgers-Newark

Rutgers University-Newark will house administrative offices at a building originally owned by the Archdiocese of Newark.

On Nov. 4, NAI James E. Hanson announced it negotiated the sale of 45 Bleeker St. in Newark, with the firm’s Andrew Kirshenbaum representing the seller and buyer, ChildSmiles and Rutgers University, respectively.

The 3,700-square-foot professional office building is located within University Heights and the Rutgers University-Newark campus, walkable to the Broad Street and Newark Penn New Jersey Transit stations and the Essex County Courthouse.

Elsewhere nearby are New Jersey Institute of Technology, Rutgers New Jersey Medical School and Essex County Community College.

“It comes as no surprise that Rutgers University-Newark jumped on the opportunity to buy this property to grow their presence in the surrounding area,” said Kirshenbaum. “High-quality office spaces in resurgent downtown areas like Newark continue to be in high demand, and we are pleased to have leveraged our understanding of the market to identify both a buyer and new use for this historic building.”

In the course of the building’s history it has had several owners, NAI Hanson said, recently undergoing upgrades including renovations to its four bathrooms, new data wiring in the building and a new HVAC system.

Kirshenbaum also represented seller ChildSmiles in the relocation of the dentistry practice’s back-office operations to Roseland. He is a listing broker for its 49,000-square-foot medical office in Elizabeth and has leased a 45-car lot at another Newark location on the company’s behalf.