Top 10 Largest Office Buildings
in Newark
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Prudential Building | 751 Broad Street, 07102 | 847,506 | 1960 |
| Two Gateway Center | 2 Gateway Center, 07102 | 794,000 | 1971 |
| Horizon Blue Cross Blue Shield | 3 Penn Plaza East, 07105 | 781,627 | 1992 |
| Prudential Tower | 635 Broad Street, 07102 | 733,000 | 2015 |
| The Wash Building | 213 Washington Street, 07102 | 600,859 | 1942 |
| 2 Penn Plaza | 91 Commercial Street, 07105 | 600,000 | 1992 |
| National Newark Building - 744 Broad Street | 744 Broad Street, 07102 | 591,931 | 1931 |
| Three Gateway Center | 100 Mulberry Street, 07102 | 579,000 | 1985 |
| 153 Halsey Street | 153 Halsey Street, 07102 | 535,000 | 1927 |
| One Gateway Center | 1 Raymond Plaza West, 07102 | 522,087 | 1971 |
Largest Office Properties Recently Completed
in Newark
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Ironside Newark | 110 Edison Place, 07102 | 450,000 | 2019 |
| Prudential Tower | 635 Broad Street, 07102 | 733,000 | 2015 |
| Two Riverfront Plaza | 2 Riverfront Plaza, 07102 | 337,543 | 2013 |
| Biotrial North American Headquarters | 130 Norfolk Street, 07103 | 70,000 | 2013 |
| Oak Plaza | 375 Chestnut Street, 07105 | 36,415 | 2007 |
| University Hospital - Ambulatory Care Center | 140 Bergen Street, 07103 | 195,948 | 2005 |
| Claremont Tower | 11 Centre Place, 07102 | 247,067 | 2003 |
| 375 McCarter Hwy | 375 McCarter Hwy, 07114 | 200,000 | 2003 |
| 321 University Avenue | 321 University Avenue, 07102 | 88,683 | 2003 |
| 95-123 Firmenich Way | 95 Firmenich Way, 07114 | 89,542 | 2001 |
News
Multifamily sales across top metros nationwide have increased significantly over the past decade. The transaction volume in 2019 alone was $129 billion, compared to $13.4 billion in multifamily sales in 2009.
The Golden State contributed 29 locations with average asking rents ranging from $58.70 to $109.57 per square foot per year. The second-most dominant representation in our top 50 was New York, which added a total of 13 entries.
Apex Capital Investments purchased Grand2 — a 352,000-square-foot, nine-story office building in Tempe, Ariz. — from Lincoln Property Company for $187.5 million, or $534 per square foot. The building is fully leased to DoorDash, the San Francisco-based food delivery behemoth. The deal, which was...