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Paramount Assets acquires Newark property

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560 Broad St., Newark
560 Broad St., Newark - ()

Paramount Assets has added 560 Broad St. to its Newark property portfolio.

The acquisition includes a 33,000-square-foot, four-story office building and an 18,000-square-foot neighboring space that previously housed the Broad Street Café and Little Theatre. Financial terms were not disclosed.

Located in the University Heights area of downtown Newark, the properties offer adaptive reuse potential, according to Paramount Senior Vice President Richard Dunn.

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Elana Knopp

Elana Knopp

Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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