CBRE, Inc. (“CBRE”) has been retained as the exclusive advisor for 100% of the fee interest sale of 200 Washington Street in Newark, New Jersey (the “Property”). The Property is located within Essex County at the intersection of Washington & Academy Streets just blocks from several educational facilities including Rutgers University, NJIT, and Essex Community College. The offering consists of one municipal tax lot totaling approximate 0.29 acres improved by a ±30,800 SF building. The property is within easy walking distance from the NJPAC and Prudential Center as well and located adjacent to the Washington Street transit stop all within a redevelopment and opportunity zone.
This offering provides an investor or developer the opportunity to purchase a vacant office building located within the Living Downtown redevelopment plan providing zoning for a mixed-use residential development located within walking distance of a plethora of educational facilities and popular venues. As there are short term leases in negotiations, the property might be occupied by one or more tenants upon transfer. All tenants will have short term leases with termination rights.