Newmark Associates Commercial Real Estate, one of New Jersey’s leading woman-owned commercial real estate firms, this week announced the sale of 215 Ridgewood Ave. in Florham Park to the Chabad of SE Morris County.
The 35,000-square-foot property will serve as a new learning center and community hub, providing services and resources to residents throughout the surrounding areas. The $4.8 million transaction was brokered by Susanne Newmark, president of Newmark Associates.
The acquisition by Chabad of SE Morris County reflects a continued investment in strengthening community connections, offering educational opportunities, and expanding cultural and spiritual programs in the region.
This deal holds special significance for the firm, as Newmark Associates originally sold the land on which the building was constructed close to 40 years ago. The recent transaction marks the second time the company has successfully completed a sale of this prominent site, underscoring its long-standing presence and expertise in the Morris County market.
“We are honored to have represented this sale, particularly one that will bring such meaningful educational and community resources to Florham Park and beyond,” Newmark said.
About Newmark Associates, CRE
Based in Cedar Knolls, Newmark Associates CRE 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.
