Cedar Knolls, N.J.- In an economic climate that still presents challenges,NewmarkAssociates, Inc. is pleased to announce record sales for the first two quarters of 2013, reporting on recent transactions.
Judith TellFeldmanand Deborah Myers, both Managing Directors atNewmark, brokered the $1.4 million sale of a 14,500 SF industrial flex building at 1 Saddle Road in Cedar Knolls, New Jersey to Boy Scouts of America, Patriots’ Path Council, formerly located inFlorhamPark, New Jersey.
HeleneStrumeyer, Vice President of the International Business Division, negotiated the sublease of 15,000 SF of flex space to Admiral Filter from Titanium Industries at 18 Green Pond Road in Rockaway.
Bill Cunningham, Vice President and Sales Associate, managed the lease of 16,553 SF of retail space to Livingston Auto Wash at 160RidgedaleAvenue in Cedar Knolls, New Jersey.
Broker-Associate and Managing Director, Deborah Myers, sold 20,000 SF of office space to Somerset Property Investments at 365 South Street inMorristown, New Jersey. The building sold for $4 million.
SusanneNewmark, President ofNewmarkAssociates, Inc. was responsible for the $3.8 million sale toLifeTown, Inc. of a 43,100 SF flex building at 8-10MicrolabRoad in Livingston. The former corporate headquarters facility with 26,500 SF of office space and 16,600 SF of manufacturing/warehouse space on over 4 acres of land will be converted to a $13 million state-of-the art community center “village” to serve young adults with special needs byLifeTown, Inc.
CraigLevitan, Broker-Associate, represented the seller of 30,550 SF of industrial space at 12OrbenDrive in Landing, New Jersey.
Located in Cedar Knolls, New Jersey,NewmarkAssociates, Inc., has earned recognition as one of the top real estate brokerage companies byNJBIZmagazine, and theCoStarCommercial Real Estate organization. They specialize in lease and sales transactions, tenant and owner representation, and lease renegotiation as well as providing advisory and valuation services.
Certified as a woman-owned business by the Women’s Business Enterprise National Council,NewmarkAssociates, Inc. is registered as a Supplier Diversity provider with corporate members. Their clients range from regional, entrepreneurial firms to Fortune 500 companies.