50 Park Place in Newark — Courtesy: Colliers International Group
By Joshua Burd
A bodybuilding and weight loss solutions company has subleased 11,200 square feet at Robert Treat Center in Newark, according to brokers with Colliers International Group.
The tenant, Shredz Supplements LLC, is moving to 50 Park Place as part of a relocation from Jersey City, Colliers said in a news release. The 15-story tower, owned by The Berger Organization, will house the firm’s regional office.
Colliers’ Robert Gallucci spearheaded the transaction, serving as the subleasing agent in the transaction, along with Alex Vitro and Richard Mirliss. Jason Fray of Savills Studley represented Shredz Supplements.
“The subtenant’s relocation to Newark from Jersey City is reflective of the marketplace, and its choice of 50 Park Place ties to the opportunity to lease attractive, plug-and-play space,” Gallucci said. “As pricing on the waterfront continues to climb, companies looking for the benefits of a CBD market can find competitive rates in Newark.
“The city also offers excellent mass transit infrastructure and a full range of urban amenities.”
Robert Treat Center sits adjacent to the 176-room Best Western Robert Treat Hotel, near Newark’s cultural, dining, retail and entertainment offerings. Tenants at the building enjoy quick access to the city’s light rail, Newark Penn Station and Broad Street Station.