NEWARK, NJ–A new lease from a biopharma company and a law firm expansion/renewal have brought The Berger Organization's Robert Treat Center in Newark to 90 percent occupancy. Brendan Berger, vice president, orchestrated the long-term commitments at the 100,000-square-foot, 50 Park Place office tower.
Neurotrope, a biopharmaceutical company, leased 4,000 square feet, and law firm Jacoby & Meyers, a long-time tenant at the property, renewed its lease and added 1,000 square feet for a total of 2,900 square feet.
“When we purchased the Robert Treat Center in 1986, it was just 25 percent occupied,” says Berger. “Over the years, we have completed a renovation of the building's exterior and a complete overhaul of its interior accommodations. Today it offers modern accommodations that meet the needs and desires of a new generation of office users. This positioning has enabled us to capitalize on Newark's resurgence as a preferred business location by attracting high-caliber tenants.”
Built in 1916, the 15-story Robert Treat Center sits adjacent to the Berger-owned, 176-room Best Western Robert Treat Hotel. Its tenants also include the Associated Press, the City of Newark, the State of New Jersey and Teach for America. Employees of these organizations enjoy the hotel's amenities, a central location within Newark's cultural, dining and entertainment hub, and proximity to the city's transportation network including Newark Penn Station, PATH light rail, and the Broad Street Station.
The Berger Organization, is itself headquartered at the Robert Treat Center. The privately owned diversified real estate owner/manager's local office holdings also include three additional Park Place properties: The Military Park Building (60 Park), The Fireman's Insurance Building (10 Park) and 58 Park Place; as well as 570 and 765 Broad Street.
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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].
