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NEWARK-The nine-story, 50,000-sf office building at 972 Broad St. in this city’s CBD is officially on the market, GlobeSt.com has learned. The multi-tenant office and retail building has been listed with an asking price of just less than $5.3 million which, if attained, would factor out to $105 per sf. The property is currently owned by Sunrise Newark Development Inc., which has its offices in the building.

“Newark is currently the focus of major gentrification efforts, including nearby mega-projects like the Prudential Center,” Ronda Rogovin, senior director of the New York City-based Eastern Consolidated, who’s marketing the property along vice chairman Brian Ezratty and financial analyst Zachary Bennett, tells GlobeSt.com. “The building is also adjacent to the 500,000-sf Rodino Federal Office Building and across from the 300,000-sf Federal Office Building and Courthouse.”

With those adjacencies, the building’s multi-tenant mix is dominated by firms in the legal profession. The property includes street-level retail, outdoor parking, and a currently vacant mezzanine that’s set up for food service. It has ceiling heights to 17 feet on a rear lobby space, says Rogovin, 10 feet on typical upper floors and more than 20 feet on the ground floor retail spaces.

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