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Auctioning of Newark’s 550 Broad Street Underway

  • Apr 10, 2019
  • Marketplace In The News - Jersey Digs

The auction of landmark office tower, 550 Broad St caught the eye of Jersey Digs, the go-to source for real estate and community development news in NJ.

Auctioning of Newark’s 550 Broad Street Underway
 

As Downtown Newark continues to evolve, one of the neighborhood’s most prominent office buildings officially hit the auction block earlier this week with a starting bid of $12 million.

Described as a “landmark office tower” and presented by Newmark Knight Frank and RealINSIGHT Marketplace, 550 Broad Street rises 18 floors and features 294,000 square feet of Class A office space that’s currently 47% leased to 24 tenants. The building itself was constructed in 1966 and underwent renovations in 2000 and 2016.

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