As the exclusive broker for 695 Route 46 in Fairfield, Newmark Associates has accomplished several new office transactions at the building, bringing the 154,000-square-foot building to 85% occupancy, the company said Tuesday.
Newmark closed the Q4 of 2025 with the execution of a long-term office lease in the building. The tenant, Neds Home Inc., will occupy approximately 18,000 square feet. The office space will serve as general administrative offices and operations center.
The company was seeking a long-term solution that offered flexible leasing terms, highway accessibility, abundant parking, and efficient management. The site at 695 Route 46 delivered on all fronts. Newmark Associates’ Managing Director Helene Elbaum and Vice President Jeannette Melillo represented both tenant and landlord for the leasing of the space.
About Newmark Associates
Newmark Associates, CRE, an NJBIA member based in Cedar Knolls, is celebrating 40 years as one of the state’s leading commercial real estate brokerage firms. Recognized by NJBIZ and the CoStar Group for excellence in the industry, Newmark specializes in leasing and sales of office, industrial, retail, land, healthcare, and mixed-use properties. The firm is certified as a woman-owned business by the Women’s Business Enterprise National Council (WBENC) and is a founding member of CRESDA (Corporate Real Estate Services, Diversity Associates), serving the needs of major corporations nationwide.
