Newmark said Aug. 2 it was hired as the exclusive leasing agent for 80 Park Plaza in Newark, a 973,000-square-foot, Class A office property owned by Nightingale Properties and Glick Family Investments.
Newmark’s Executive Managing Director Jeff Schotz, Senior Managing Director Leo Paytas and Associate Peter Kasparian will manage the leasing and marketing of the asset on behalf of ownership. The Newmark team is currently marketing 130,000 square feet of available space spanning the 21st through 25th floors.
“We are looking forward to working with ownership to find the right tenants to add to the iconic property’s roster of businesses,” said Schotz. “80 Park Plaza offers one of the largest blocks of space available in the Newark and Jersey City area in a prime location with spectacular and unobstructed views of Manhattan.”
80 Park Plaza, Newark. – NEWMARk
This marks the largest contiguous block of office space available to tenants in the larger Newark area–including the Jersey City waterfront. Ownership is planning a second phase of capital improvements to offer tenants a state-of-the-art fitness center, modern food amenities and service, and outdoor tenant engagement spaces.
“We are looking forward to our new partnership with Newmark as they bring an experienced group of talent spanning both the New Jersey and New York City markets,” said Alex Roth, director of acquisitions and asset management at Nightingale Properties. “We envision after embarking on the second phase of improvements that 80 Park Place will become a destination office space built around a collaborative work environment.”
80 Park Plaza is a Wired Score Platinum property located in Newark’s Central Business District. The building, which is home to the corporate headquarters of PSE&G, offers tenants newly renovated conference facilities, an updated lobby, excellent views from inside its black reflective-glass exterior, on-site property management, covered parking and 24-hour staffed security.
The building is within walking distance of nearby restaurants, shops, hotels and entertainment. The property is one block from the New Jersey Performing Arts Center and two blocks from Newark Penn Station, offering direct access to Midtown Manhattan and Newark Liberty Airport via PATH, New Jersey Transit Bus, or NJ Transit Rail. 80 Park Plaza’s location also provides convenient access to Route 280, Route 78, Garden State Parkway and New Jersey Turnpike.
