800 Broad St. in Newark — Courtesy: Paramount Assets
By Joshua Burd
A nonprofit is relocating within Newark to a building owned by Paramount Assets, under a newly announced 20,000-square-foot lease with the real estate investment firm.
Paramount on Friday detailed the lease with Project for Empty Space, which describes itself as a hub for multidisciplinary creative engagement, at 800 Broad St. The organization’s new space will feature multiple galleries and exhibition areas, as well as amenitized studios.
Samir Guzman, Paramount’s executive director of leasing and marketing, represented ownership, while Marta Villa of JLL represented the tenant.
“800 Broad Street proved an ideal match for Project for Empty Space, and we are pleased to have been able to accommodate their space requirements,” Guzman said. “In addition to its premier downtown location — in proximity to public transportation options and the Prudential Center — 800 Broad Street is currently built as a technical school with more than 40 classrooms. This layout was well-suited for Project for Empty Space and allows it more room to support artists and creatives in the community.”
The building, which is just north of Edison Place, will become Project for Empty Space’s new home as it prepares to mark an important milestone in its history, according to a news release. It’s also planning to expand its offerings in the year ahead.
“In conjunction with our 10-year anniversary this coming January, we are thrilled to be moving to our own building at 800 Broad Street in the heart of downtown Newark,” said Rebecca Jampol, co-director of Project for Empty Space. “Project for Empty Space was started in New York City in 2010 as a nomadic project by two women, and now it continues to live in this brick-and-mortar space.”