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300 Executive Drive, West Orange rendering. - NEWMARK ASSOCIATES

Newmark Associates closes $8M off-market office deal in Essex County

“This sale was ideal in that it was beneficial to both the buyer and sellers," said President Susanne Newmark. "The sellers realized an opportunity to spin off the office component which wasn’t strategic to their redevelopment plan and maximize shareholder value for their investors. The buyer recognized the possibility of a value-add opportunity. It was a win-win for both parties.”

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