Newmark Associates Commercial Real Estate, a leading commercial real estate firm based in New Jersey, has announced the multi-million-dollar sale of 215 Ridgedale Avenue in Florham Park to the Chabad of SE Morris County. The transaction was brokered by Susanne Newmark, president of Newmark Associates.
The 35,000-square-foot property is set to become a new learning center and community hub, providing a range of services and resources to residents in the surrounding areas.
This deal holds a unique significance for Newmark Associates. The firm originally sold the land for the building’s construction nearly 40 years ago, making this the second time the company has successfully handled a sale of the prominent site. This reflects the firm’s long-standing expertise and presence 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.
The acquisition by the Chabad of SE Morris County aligns with its mission to strengthen community connections, expand educational opportunities, and grow cultural and spiritual programs in the region.
Newmark Associates, based in Cedar Knolls, is currently celebrating its 40th anniversary as a commercial real estate brokerage firm.
