Press Release brought to you by Advance Realty
Star-Ledger Leases 9,076 Square Feet at Newark’s One Gateway Center
Class-A Tower Owned By Advance Realty Attracts Media Company with Strategic Location, Flexible Floorplates and Rich Package of Amenities
Advance Realty, a leading northeast U.S. owner, developer and manager of Class A office, multifamily, mixed-use, retail and flex-space properties, today announced that the Star-Ledger has signed a lease for 9,076 square feet of space at One Gateway Center, a downtown office tower owned by the commercial real estate firm.
With a location in the heart of Newark’s business district, One Gateway Center provides convenient access to Newark Penn Station, which is connected to the building via a fully enclosed skywalk, offering visitors and tenants NJ Transit rail access to the entire metro region and beyond. Also in close proximity to One Gateway Center are the federal and Essex County courthouses, New Jersey Performing Arts Center, Prudential Center and six colleges that provide for a skilled work force, educational activities, and cultural events.
In addition to its central, easily accessible location, One Gateway Center features highly efficient floorplates -- units range from 1,400 to 18,200 square feet -- and an array of on-site amenities, including a Hilton Hotel and Conference Center, secured parking decks, a food court with a wide selection of restaurants and cafés, a New York Sports Club, ATM machines and full-service banks.
“As a dynamic media company, the Star-Ledger will benefit from One Gateway Center’s incomparable location, the flexibility and efficiency of the building’s floorplates, and an array of amenities in the building and the concourse,” said Barry Quiner, Director of Asset Management, Advance Realty. “One Gateway Center is Newark’s premier office address, which is why it attracts prestigious tenants like the Star-Ledger.”
Peter Gross, senior broker and co-head of commercial operations for Douglas Elliman, represented the tenant in this transaction.
About Advance Realty
Advance Realty is a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J. Since its inception in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-use projects. Today, the company owns, manages and invests in a diversified portfolio of office, retail, industrial, residential and mixed-use assets in key urban and suburban markets along the Northeast Corridor. The company actively pursues real estate investments that provide opportunity to enhance value through development, repositioning and redevelopment. Advance’s strong capital base, fully integrated platform, outstanding talent and flexibility as a privately held organization position the company for continued growth. For more information, visit www.advancere.com.
10/20/2014 - 09:30