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Cushman & Wakefield Marketing 80 Park Plaza Tower Floors with Expansive Views of Manhattan and New Jersey

| March 28, 2017 | 0 Comments

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NEWARK, N.J. March 28, 2017 – The available space for lease on the tower floors of 80 Park Plaza, currently being marketed by Cushman & Wakefield’s Morristown Office, features expansive views of Manhattan and New Jersey in the center of the city’s growing 24/7 lifestyle environment.

“80 Park’s vacancy is comprised of 165,000 square feet on floors 21 through 25, which can accommodate a wide range of companies, including high density uses such as a trading floor, technology firm or call center,” said Ben Brenner, who is handling the lease assignment with Cushman & Wakefield team members Bill Brown and Josh Cohen.

New York-headquartered Nightingale Properties recently purchased the 26-story, 973,000-square-foot building and is in the midst of spending over $4 million to modernize 80 Park Plaza. Upgrades include creating a bright, modern building lobby, a conference facility and a grab-and-go café-coffee bar, which shall be WiFi enabled and open all day. While this is Nightingale’s first acquisition in New Jersey, the company is a prominent owner and developer throughout the United States. “Nightingale Properties is an incredibly entrepreneurial firm that is committed to creating a state-of-the-art facility, which will attract a world class company to occupy the tower floors”, added Brenner.

“PSEG is the property’s anchor tenant, occupying almost 1 million square feet within 80 Park Plaza and recently signed a long-term lease renewal,” said Brown. “Having well-capitalized, innovative owners and a stable long-term tenant like PSEG will make this building very attractive to companies searching for office space in Newark.”

Brenner noted that the location adjacent to Military Park puts 80 Park Plaza in the heart of revitalization activity in the city. Whole Foods opened a new store on March 1 as the anchor of the redeveloped Hahne and Company building nearby. Starbucks, Nike and Chipotle are among the growing number of national retailers to move into the area with more than 1,500 residential units either planned or under construction, along with several new hotels.

Just two blocks from Newark Penn Station and on the Newark Light Rail, tenants of 80 Park Plaza are minutes from rail, PATH and bus access to Manhattan. Newark Liberty International Airport is less than 15 minutes away.

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About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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Category: Cushman & Wakefield of New Jersey, News Releases, Newswire: Latest News

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