2 Gateway Center in Newark — Courtesy: C&K Properties
By Joshua Burd
A global banking and financial services firm has recommitted to its home of the past decade, extending its roughly 72,000-square-foot office lease at Newark’s 2 Gateway Center.
C&K Properties, the owner of the 18-story tower, announced Tuesday that Standard Chartered Bank had signed a long-term extension at the property along McCarter Highway. The London-based institution has been a tenant at 2 Gateway since 2008, bringing hundreds of employees to the city while also expanding its footprint by 14,000 square feet in 2015.
CBRE Senior Vice President Dudley Ryan, First Vice President Cheryl Hardt and Associate Kadeem Goodall-Reid represented ownership, which touted the deal as another sign of Newark’s growth and the appeal of the 800,000-square-foot tower.
“When it comes to attracting and retaining businesses, Newark’s momentum is undeniable,” said Kevin Collins, managing director of C&K Properties “It’s clear that Standard Chartered Bank, along with many other long-term tenants, fully realize the advantages that the 2 Gateway offers as part of this growing business hub.
“We value our ongoing relationship with Standard Chartered, and we look forward to the continued evolution of our building and surrounding community.”
Standard Chartered — which provides financial products and services to corporations, financial institutions and development organizations around the world — will continue to tap into 2 Gateway’s transportation access and connectivity, which is highlighted by its 10-gigabit fiber capabilities and the city’s vast network of cable to provide high-speed, low-cost Internet.
C&K added that in the past year, 2 Gateway has experienced more than 250,000 square feet of leasing activity. In November, it officially welcomed financial technology firm Broadridge Financial Solutions, which moved more than 1,000 jobs to its 160,000-square-foot space in the building.