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Geraldine R. Dodge Foundation Moves Headquarters To 550 Broad St. In Newark, NJ Arranged By JLL

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LEASED

New Jersey

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Office9,180 SF
Leased 02/01/2024
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LEASED

Geraldine R. Dodge Foundation Moves Headquarters To 550 Broad St. In Newark, NJ Arranged By JLL

550 Broad Street

See Similar Deals
Office9,180 SF
Leased 02/01/2024
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:9,180 SF
Transaction Type:Lease

The Geraldine R. Dodge Foundation, a not-for-profit focused on racial justice, is moving its headquarters to 550 Broad St. in Newark, NJ. The foundation will occupy 9,180 square feet on the 10th floor of the Fidelco Realty Group-owned building. This move will contribute to Newark's economic revitalization efforts, as the foundation joins a community of not-for-profit tenants.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 550 Broad Street, Newark, NJ
  • Market: Newark
  • Asset Type: Office
  • Square Footage: 9,180

The landlord of the property is Kerri B. Levine from Fidelco Realty Group. Representing the landlord in this deal is Jon Karnick from Assurance Realty Group. The tenant, Tanuja M. Dehne, is the Geraldine R. Dodge Foundation. Assisting the foundation in this transaction is Kelsey Nakamura from JLL.

Players

Kelsey Nakamura
1 deal(973) 829-4776
BROKER

Details

LEASED
IMAGE: Kerri B. Levine, Tanuja M. Dehne, Jon Karnick & Kelsey Nakamura DATE: 02/01/2024 ADDRESS: 550 Broad Street MARKET: Newark ASSET TYPE: Office ~ SF: 9,180 LANDLORD: Kerri B. Levine (@Kerri.Lev) - Fidelco Realty Group TENANT: Tanuja M. Dehne - Geraldine R. Dodge Foundation (@DodgeFoundation) LANDLORD'S REP: Jon Karnick (@JonKarnick) - Assurance Realty Group TENANT'S REP: Kelsey Nakamura - JLL (@JLL) NOTE: The Geraldine R. Dodge Foundation, a not-for-profit focused on racial justice, is moving its headquarters to 550 Broad St. in Newark, NJ, in a deal arranged by JLL. The Foundation will occupy 9,180 square feet on the 10th floor of the Fidelco Realty Group-owned building, joining a community of not-for-profit tenants and contributing to Newark's economic revitalization efforts.

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Deal Type
Effective Rent (Annual)

$526,192.06

Total Lease Value

$5,261,920.60

Net Landlord Cash Flow$526,192.06