The property at 869 Broad St, Newark, NJ, 07102 is a historic building near the Prudential Center that is currently being rehabilitated. The space, owned by Paramount Assets, is set to accommodate a new 7-Eleven store in early 2019. The 2,700-square-foot lease will place the store in a prime location near the arena and the Courtyard by Marriott at the corner of Broad and Lafayette streets.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not provided
• Tenant: 7-Eleven
• Square Feet: 2700
• Address: 869 Broad St, Newark, NJ, 07102
• Market: Newark
• Tenant's Rep: Urszula Zoltek
• Landlord's Rep: Ryan Starkman(Pierson Commercial)
• Landlord: Paramount Assets

Urszula Zoltek, the president of Zoltek Realty, served as the tenant's representative for 7-Eleven in the lease agreement. Additionally, Ryan Starkman of Pierson Commercial represented Paramount Assets, the landlord. Zoltek and 7-Eleven are actively working on securing more stores in the Newark area and across New Jersey, with ambitious plans to open around 1,000 stores annually over the next decade nationwide.