Lee NJ Brokers Office Sale in Newark Opportunity Zone
Lee & Associates New Jersey has arranged the sale of 260 Broadway, a two-story, 9,000-square foot office building in Newark, to locally based developer KS Group. Assistant VPs Jerry Joseph and Tarang Ramani and associate Kyle Janoczkin represented the seller, 260 Broadway LLC. KS was represented by Han Save of Group Twenty Six LLC.
“Investors remain bullish on commercial redevelopment in the City of Newark,” said Joseph. “This property’s prime location on Broadway, in one of the city’s designated Opportunity Zones, makes it an ideal acquisition for KS Group, which focuses on identifying opportunities with improvement potential in high-demand areas.”
Located near the intersection of 3rd Avenue, 260 Broadway is nearby downtown and Newark’s CBD. The property offers commuters easy access to I-280 and Routes 21 and 3, as well as the value-added amenity of gated on-site parking. Public transit is also convenient to the property.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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