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New York & Tri-State  + New Jersey  + Office  | 
Formerly a department store, the Hahne & Co. building in downtown Newark has been redeveloped into office space

SBM Management Relocates NJ Headquarters to Newark’s Hahne & Co. Building 

L+M Development Partners, Prudential Financial and Goldman Sachs Urban Investment Group have secured a 13,215-square-foot lease with SBM Management at the Hahne & Co. building, the 400,000-square-foot redeveloped former Hahne’s Department Store at 609 Broad St. in Newark. Sacramento-based SBM is relocating its New Jersey headquarters from Edison. 

JLL EVP Peter Ladas represented the tenant in the 10-year lease. A JLL agency team led by managing director Blake Goodman and VP Christopher Masi represented building ownership. 

“After an extensive site selection process, SBM Management Services was drawn to The Hahne Building’s tremendous location in the heart of Newark’s growing transit hub for their new East Coast headquarters,” said Ladas. “Amongst the thriving community of multinational companies, the area offers plenty of amenities and attractions, plus having Rutgers University footsteps away will help the company recruit and retain new talent to grow their business.


Inside The Story

JLL's Ladas

About Paul Bubny

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 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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