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Partnership Gets $113.5 Million Loan To Acquire, Renovate Two Newark, New Jersey, Office Towers

Financing Will Also Pay for Purchase of Parking Garage in Portfolio
The properties just sold include, clockwise from top left, 707 Broad St.,153 Halsey St. and a parking garage at 261 University Ave. (JLL)
The properties just sold include, clockwise from top left, 707 Broad St.,153 Halsey St. and a parking garage at 261 University Ave. (JLL)
CoStar News
November 15, 2021 | 11:19 P.M.

A joint venture has secured $113.5 million in financing to acquire two large office properties in downtown Newark, which are leased to the state of New Jersey, as well as a 901-space parking garage.

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