By Joshua Burd
The development team that is restoring the former Hahne & Co. building in Newark has hired JLL to market the remaining office space in the soon-to-be-transformed landmark.
In a news release, JLL said there is about 25,000 square feet of available space on the second floor of 609 Broad St. The real estate services firm is working on behalf of project owners L+M Development Partners, Prudential Financial and Goldman Sachs.
The JLL team handling the leasing assignment will be led by Jonathan Meisel, Conor Dolan and Christopher Conklin, the firm said. The team is also coordinating with The Prusik Group, the retail partner on the mixed-use project, which already has a commitment from Whole Foods.
“This exciting project will bring to life one of Newark’s most historic buildings,” Meisel said. “Located across the street from redesigned Military Park and adjacent to Prudential Insurance Company’s new headquarters, Hahne’s is situated in area that is fast becoming a hot location in Newark, especially for business looking to grow.”
The owners, collectively known as 609 Broad Street LLC, acquired the shuttered former department store in 2013. That gave way to a rehabilitation of the historic property into a multiuse facility, which includes 160 rental apartments, about 160,000 square feet of retail, office space and community/educational space.
Newark’s first Whole Foods will anchor the development with a roughly 30,000-square-foot store. Rutgers University will lease some 50,000 square feet for Express Newark, an arts collaborative space within the project that will provide art studios, classroom and art gallery space, in partnership with Newark artists, community members, schools and other institutions.
City National Bank will be the first office tenant, having entered into a lease for about 11,000 square feet to relocate its headquarters from its previous location at 900 Broad St. in Newark.
JLL said the remaining office space is “truly unique,” with 15-foot-high ceilings, 12-foot-tall windows and high-efficiency HVAC heating and cooling. The building offers a 10,000-square-foot, two-story sky-lit atrium, a second floor outdoor courtyard and high speed Wi-Fi in the common areas adjacent to the office space.
