Ironbound Continental Plaza at 400 Delancy St. in Newark — Courtesy: MIG Real Estate
By Joshua Burd
The owner of a 274,000-square-foot industrial and office building in Newark’s Ironbound section has tapped MIG Real Estate to manage and lease the property.
The real estate services firm said it was marketing some 40,000 square feet of available space at the complex, Ironbound Continental Plaza, which sits on 24 acres at 400 Delancy St. That includes a full floor spanning 33,000 square feet with 11-foot ceilings, offering what MIG described as a rare blank slate ready for a forward-thinking tenant to design and customize the location to its specific needs, while allowing a single user to gain a foothold in one of Newark’s most connected and business-friendly locations.
The firm, which is based in the Ironbound, noted that the site is minutes from Port Newark-Elizabeth, Newark Liberty International Airport and major thoroughfares including the New Jersey Turnpike and Routes 1&9, making it an ideal hub for logistics, distribution, storage and corporate users.
“We’re honored and excited to be entrusted with such a prominent asset in our own backyard,” said Anthony Marin, CEO and founder of MIG Real Estate. “Ironbound Continental Plaza represents everything we believe in — scale, opportunity and a commitment to long-term growth in the Newark market. Our team is eager to bring our hands-on approach and market expertise to both the owners and tenants of this exceptional property.”
MIG Real Estate will oversee day-to-day property management, tenant relations, leasing operations and overall asset optimization for the site, leveraging its deep-rooted local knowledge and experience managing a wide range of multifamily and commercial properties across the region. And the firm said the assignment reflects its growing presence in the industrial and commercial real estate sector and its core mission of helping investors and property owners build long-term value with trusted people.
