Leasing at Berger's Robert Treat Center Reflects Steady Demand in Newark
Diverse Tenants Establishing, Expanding Operations in N.J.'s Largest City
NEWARK, N.J., Oct. 15, 2015 – Three new leases and a tenant expansion at The Berger Organization’s Robert Treat Center reflect steady demand in the Newark office market, according to Brendan Berger, vice president. The 100,000-square-foot office property, located in the heart of the city’s central business district at 50 Park Place, is more than 90 percent leased.
GroundForce Logistics, a freight transportation brokerage firm, leased 3,050 square feet at Robert Treat Center. Additionally, youth empowerment group After School All Stars leased 1,350 square feet while start-up litigation support company Litegation, LLC leased 450 square feet. An existing tenant, Worldwide Express, expanded from 2,000 to 3,000 square feet at the property; the shipping management company has maintained an operation there since 2011.
“This group reflects the diversity among tenants establishing and growing in Newark,” Berger said. “Our city is attracting a wide range of users – from startup companies drawn by our competitive rental rates and high-tech infrastructure, to community-building groups serving urban population centers, to logistics organizations leveraging proximity to the port and the region’s excellent transportation infrastructure.”
Within this context, Robert Treat Center offers modern accommodations that meet the needs and desires of a new generation of office users, Berger noted. Built in 1916, the 15-story tower sits adjacent to the Berger-owned, 176-room Best Western Robert Treat Hotel.
Its tenants also include the Associated Press, the City of Newark, the State of New Jersey, Teach for America, Neurotrope and Jacoby & Meyers. Employees of these organizations enjoy the hotel’s amenities, a central location within Newark's cultural, dining and entertainment hub, and proximity to the city's transportation network including Newark Penn Station, PATH light rail, and the Broad Street Station.
The Berger Organization, itself, is headquartered at the Robert Treat Center. The privately owned diversified real estate owner/manager’s local office holdings also include three additional Park Place properties: The Military Park Building (60 Park), The Fireman’s Insurance Building (10 Park) and 58 Park Place; as well as 570 and 765 Broad Street.
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