Newmark Associates CRE recently sold a highly sought-after, 10,000-square-foot professional/medical office building located on the border of Boonton and Mountain Lakes. The transaction underscores the continuing strong investor appetite for well-occupied suburban office assets in prime Morris County markets.
The sale was expertly brokered by Jenna Glick, senior associate with Newmark Associates CRE and a principal contributor to the firm’s expanding Investment Team.
Located at 500 Main Street in Boonton, the property is a well-known fixture in the local business community and is currently home to a diverse mix of medical, wellness, and professional tenants, featuring approximately 13 private offices. Newmark successfully identified the buyer through a strategic marketing campaign and its extensive network of investors.
The successful closing reflects the demand for properties that offer stability and a desirable location. Glick’s unique background, which includes institutional private-equity experience in real estate investment analysis, was instrumental in advancing the transaction.
Based in Cedar Knolls Newmark Associates CRE is currently celebrating 40 years as one of the state’s leading commercial real estate brokerage firms.
Newmark Associates 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 major corporations nationwide.
