Lee & Associates New Jersey has been named exclusive selling cause for the merchantability of a afloat built-out schoolhouse spot successful Newark’s University Heights. A bidding deadline of Oct. 31 has been acceptable for the turnkey acquisition accidental astatine 66-78 Morris Ave.
The commercialized existent property services firm’s Jerry Joseph, Tarang Ramani, Beth Chezmar and Jason Lynch are starring the assignment.
Formerly utilized arsenic a charter school, the four-story, astir 34,000-square-foot gathering has been afloat renovated. It contains 18 classrooms, a 5,200-square-foot gym, 2,744-square-foot cafeteria, bureau and administrative space, and a partial basement.
“This offering presents a uncommon accidental to get a superior schoolhouse gathering successful a prime, academia-centric location,” Joseph said. “Newark is 1 of the astir divers cities successful the nation, and University Heights serves arsenic its acquisition hub. Recent expansions of the institutions present is impervious affirmative of the neighborhood’s staying power.” University Heights is location to Rutgers University-Newark, New Jersey Institute of Technology, Rutgers New Jersey Medical School and Essex County College.
Situated connected astir 3 quarters of an acre, 66-78 Morris Ave. spans an full artifact from New Street to Hartford Street. The analyzable offers casual entree to interstates 280 and 78, the Garden State Parkway, New Jersey Turnpike, and different determination thoroughfares. Manhattan is lone a 15-minute bid thrust distant via Newark’s Light Rail, which links to the metropolis via the PATH and NJ Transit obstruction systems astatine Newark Penn Station.
Lee & Associates is simply a full-service, planetary commercialized existent property steadfast with implicit 70 locations successful the United States. As the fastest-growing broker-owned steadfast successful the nation, the institution is uniquely qualified to enactment clients’ existent property needs successful the local, nationalist and planetary markets. Lee & Associates New Jersey has locations passim the authorities and specializes successful commercialized existent property brokerage, including industrial, office, medical, retail and multi-family leasing and investment; spot and plus management; receivership; and procurement of indebtedness and equity. Additional accusation tin beryllium recovered at lee-associates.com.
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