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.
- ◦Lease
