3 Gateway Center in Newark — Courtesy: JLL/Rugby Realty Co.
By Joshua Burd
Four tenants have leased a combined 65,000 square feet at a well-known building in downtown Newark, where ownership is reaping the benefits of a multimillion-dollar renovation.
Brokers with JLL announced the recent activity at 3 Gateway Center, a 579,000-square-foot office tower at 100 Mulberry St. Completed over the summer, the transactions include new leases by Tanenbaum Keale LLP, Intertek Group plc and TUC, along with an expansion by PLM Trailer Leasing.
The JLL team of Timothy Greiner, executive managing director and the agency practice lead for New Jersey, and Managing Director David Stifelman represented Rugby Realty Co. as the building’s leasing agents. They worked closely with Abraham Poznanski, chief operating officer of the Northeast region for the landlord.
“Downtown Newark is thriving as a wide variety of companies seek to do business in New Jersey’s largest city,” Greiner said. “Tenants are attracted by 3 Gateway Center’s proximity to Newark Penn Station and a myriad of entertainment, retail and dining options in the surrounding neighborhood.”
Tanenbaum Keale, also known as TK Trial, signed a long-term lease for 26,000 square feet and will occupy the entire 13th floor at 3 Gateway, JLL said. The law firm is relocating to the building from nearby One Newark Center and was represented by CBRE Senior Vice President Jon Meisel and Senior Associate Matthew Wassel.
Another new tenant, TUC, was represented by Newmark Knight Frank Managing Director Hope Brodsky.
PLM Trailer Leasing inked an expansion to bring its total space at 3 Gateway to nearly 18,000 square feet on the 11th floor, JLL said. Edward Duenas, executive director with Cushman & Wakefield, represented the national refrigerated trailer solution provider.
Meantime, Intertek Group completed a multiyear lease and will occupy the balance of the 11th floor. The multinational inspection, product testing and certification company is relocating to the building from One Gateway and was represented by James Bailey and Wayne Siegel, senior managing directors with Colliers International.
“The success we’ve seen at 3 Gateway Center is largely due to the major capital program launched by Rugby Realty,” Stifelman said. The landlord acquired the 19-story tower in 2014 and has completed improvements such as a new main entrance and café, along with common areas upgrades, installation of destination elevators and new restrooms.
“On top of that, when the new 8,000-square-foot food service seating area is completed in the fall, 3 Gateway Center will rival other recently built Class A buildings,” he added. “Finally, the new furniture, fixtures, technology and finishes will create a collaborative hub for the tenants in the building.”