NEWARK, NJ—Advance Realty has signed the NewJersey's largest newspaper company, theStar-Ledger, to a lease for 9,076 square feet ofspace at One Gateway Center, a downtown officetower owned by the commercial real estate firm. (AdvanceRealty is not related to AdvancePublications, the Newhouse family vehiclethat owns the Star-Ledger.)

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Advance Realty declined to tell GlobeSt.com thedollar value of the lease and would not disclose which departmentsof the Star-Ledger will locate in One GatewayCenter.

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In July, as part of a massive downsizing, theStar-Ledger sold its 177,000-square-foot buildingin Newark to Madd Equities, a Floral Park, NY,real estate investment and development company. The buildingformerly housed the newspaper's editorial and business departments.Some operations were moved to Woodbridge and Secaucus, and manyemployees were transferred to a completely new company, NJAdvance Media.

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One Gateway Center is connected toNewark Penn Station via a fully enclosed skywalk.The property is also close to the federal and Essex Countycourthouses, the New Jersey Performing ArtsCenter, Prudential Center and sixcolleges that provide for a skilled work force, educationalactivities, and cultural events.

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“The Star-Ledger will benefit from OneGateway Center's incomparable location, the flexibilityand efficiency of the building's floorplates, and an array ofamenities in the building and the concourse,” says BarryQuiner, director of asset management, AdvanceRealty. “One Gateway Center is Newark'spremier office address, which is why it attracts prestigioustenants like the Star-Ledger.”

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One Gateway Center features highly efficientfloorplates -- units range from 1,400 to 18,200 square feet -- andan array of on-site amenities, including a Hilton Hotel andConference Center, secured parking decks, a food courtwith a wide selection of restaurants and cafés, a New YorkSports Club, and several full-service banks.

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Peter Gross, senior broker and co-head ofcommercial operations for Douglas Elliman,represented the tenant in this transaction.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].