Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWARK, NJ-Heritage Management Co. has wrapped up the physical aspects of a $5 million redevelopment of the office building at 570 Broad St. here, and is set to complete the process by filling the building with tenants. After sitting vacant for several years, the 200,000-sf, 14-story asset is being reintroduced to the market.

“Already, our efforts have attracted two national financial services firms,” says Jeffrey Greenburg, a principal of Heritage, referring to Atlantic Federal and Washington Mutual. “We continue to see active interest from additional class A office tenants.”

The makeover of the building, which Heritage acquired in 2003, involved substantial aesthetic enhancements. “We kept the best elements and materials and brought in new finishes to modernize and brighten and entry,” says Vincent Pucillo, director of interior design for El Taller Colaborativo, the locally based designer of the project.

Heritage also replaced or retrofitted most of the building’s internal systems. Among the improvements was the creation of a telecom switching room in the building’s core. The building is near Heritage Management’s 550 Broad St., an office building that underwent a similar makeover four years ago.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.