PRESS RELEASE: Newmark Associates, Inc. Announces Banner First Two Quarters of 2013

Cedar Knolls, N.J. - In an economic climate that still presents challenges, Newmark Associates, Inc. is pleased to announce record sales for the first two quarters of 2013, reporting on recent transactions.   

Judith Tell Feldman and Deborah Myers, both Managing Directors at Newmark, 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 in Florham Park, New Jersey. 

Helene Strumeyer, 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 160 Ridgedale Avenue 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 in Morristown, New Jersey. The building sold for $4 million.

Susanne Newmark, President of Newmark Associates, Inc. was responsible for the $3.8 million sale toLifeTown, Inc. of a 43,100 SF flex building at 8-10 Microlab Road 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 by LifeTown, Inc.

Craig Levitan, Broker-Associate, represented the seller of 30,550 SF of industrial space at 12 OrbenDrive in Landing, New Jersey.

Located in Cedar Knolls, New Jersey, Newmark Associates, Inc., has earned recognition as one of the top real estate brokerage companies by NJBIZ magazine, and the CoStar Commercial 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,Newmark Associates, Inc. is registered as a Supplier Diversity provider with corporate members. Their clients range from regional, entrepreneurial firms to Fortune 500 companies.

TAGS: Brokerage