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Newmark Associates announces notable 2013 transactions

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Cedar Knolls-based commercial real estate firm Newmark Associates Inc. announced Tuesday a record-breaking year for 2013.

Some notable transactions include:

A 43,100-square-foot flex building sold to LifeTown Inc. for $3.8 million.  The property, located at 8-10 Microlab Road in Livingston, was a former corporate headquarters facility with 26,500 square feet of office space and 16,600 square feet of manufacturing/warehouse space.  It will be converted to a $13 million community center ‘village’ to serve young adults with special needs by Lifetown. Susanne Newmark, president, represented the purchaser in the transaction.  

A 184,000-square-foot former Macy’s store located at 2105 Mt. Holly Road in Burlington, was purchased by the real estate investment division of Las Vegas-based firm MoonBeam Capital Investments LLC Burlington NJ LLC.  David Bieber, Esq. and vice president, and Craig Levitan, broker-associate, represented both the seller and the buyer.

Broker-Associate and Managing Director, Deborah Myers, sold 20,000 square feet of office space to Somerset Property Investment at 365 South St. in Morristown.  The building sold for $4 million.

Nancy Glick, managing director and broker-associate, participated in the sale of 160,000 square feet of office space at 15 Corporate Place South in Piscataway, the announcement said.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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