Newmark Associates CRE on Wednesday announced it recently brokered the sale of a 23,000-square-foot multi-story religious facility located on 5 acres in Basking Ridge.
The purchaser, New Testament Ministries, acquired the property at 40 Whitenack Road from the Somerset Hills Jewish Center, Inc.
Mary Swatek, vice president at Newmark Associates CRE, represented the purchaser, providing expert guidance and support throughout the acquisition process. Nancy Stanton-Tuckman, managing director at Newmark Associates CRE, represented the seller, ensuring a smooth and efficient transaction for all parties involved.
“It was a privilege to facilitate this significant transaction and to work closely with both the seller and the purchaser to achieve their respective goals,” Swatek said. “This property holds tremendous potential for New Testament Ministries, and we are excited to see its continued use as a vital community and worship space.”
Stanton-Tuckman added, “We are honored to have represented the Somerset Hills Jewish Center, Inc. in this transaction. This sale reflects the strength and expertise of Newmark Associates CRE in navigating complex real estate deals and delivering successful outcomes for our clients.”
Newmark Associates, CRE, located in Cedar Knolls, is certified as a woman-owned business by the Women’s Business Enterprise National Council, and is an affiliate of CRESDA (Commercial Real Estate Supplier Diversity Alliance), servicing the supplier diversity requirements of Fortune 100 companies across the country. Newmark specializes in lease and sales transactions of office, industrial, retail, land, healthcare, and mixed-use properties.
