facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

550 Broad Street

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

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

550 Broad Street

Building Size

9,180 SF

Asset Type

Office

Closing

Feb 1, 2024

AI

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

JLL

Broker

1 deal

Broker

Newark Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93