Newmark Associates CRE recently brokered the successful sale of a 10,000-square-foot professional/medical office building situated on the Boonton–Mountain Lakes border.
Featuring approximately 13 private offices and a diverse mix of medical, wellness, and professional tenants, the property at 550 West Main St. in Boonton is a well-known fixture in the local business community. The $1,787,500 sale reflects continued investor demand for well-tenanted suburban office properties in prime Morris County locations, the firm said.
The transaction was brokered by Jenna Glick, Senior Associate with Newmark Associates CRE and a principal contributor in the firm’s expanding Investment Team. Glick leverages institutional private-equity experience in real estate investment analysis and fund marketing, combined with hands-on transaction execution, to advance Newmark’s platform for investment-driven transactions in New Jersey.
Newmark Associates, CRE, based in Cedar Knolls, New Jersey, 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.
