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50 Park Pl

Newark, NJ
Floors
15
Total Size
128,000 sqft
Lot Size
4 acres
Elevators
3
Year Constructed
1964
Year Renovated
2001
Building Class
A
Close Public Transit
Newark Penn Station, Newark Light Rail, Newark Broad Street Station, PATH, NJ Transit, Amtrak's Northeast corridor
Close Highway(s)
NJ Turnpike, Garden State Parkway, Route 280, I-78, Route 1, Route 9, Route 21, Route 22
Close To
New Jersey Performing Arts Center, Military Park, Newark Museum, Bears Riverfront Stadium, Prudential Center Arena, Rutgers School of Law, NJIT, Seton Hall University, Newark Airport, Gateway Center

Features

Parking Garage
Lobby Attendant
Gym
Onsite Parking
On Site Security

Current Availabilities

Dec 02
ago
Office

50 Park Place, Newark

Available Space

11,200 SF – 3rd and 4th Floors
Rent: Call for a quote
Term: Through December 2020
Arranged Possession

Space Features

› Furniture can be made available
› Glass conference and break out rooms
› Two bathrooms in suite
› Above standard ceiling height

Building Features

› Located in the heart of Newark’s Central Business District
› Two blocks from Newark Penn Station – easy access to New
York City via NJ Transit and PATH trains
› Located across the street from Military Park and NJPAC,
seconds to downtown Newark amenities
› Proximate to Route 280, Route 78, Garden State Parkway, and
NJ Turnpike

Listing agent for this listing
Richard Mirliss, Colliers International

Additional Features of 50 Park Pl

  • Located across from New Jersey Performing Arts Center and historic Military Park
  • A short distance to the Newark Museum, Bears Riverfront Stadium and newly opened Prudential Center Arena
  • Accessible to Newark Penn Station, Newark Light Rail and Newark Broad Street Station, offering direct service to Midtown Manhattan
  • Picturesque exterior roof garden
  • Close proximity to Rutgers School of Law, NJIT and Seton Hall University
  • On-site property management
  • 24/7 access
  • 24-hour security
  • Modernized accomodations
  • State-of-the-art electronics
  • Signage opportunities
  • Three new, computerized elevators
  • Minutes from Newark Airport
  • Walking distance to Gateway Center
  • Extensive bus and train lines, including PATH, NJ Transit and Amtrak's Northeast corridor
  • Easy access to NJ Turnpike; Garden State Parkway; Rt. 280; I-78; and Routes 1 and 9, 21 and 22

Companies at 50 Park Pl

Best Western Plus Robert Treat Hotel Lodging
Maize Restaurant Bar Restaurant Food
Newark Parking Authority Parking
Teach For America
Jacoby & Meyers, LLP Lawyer
Team Law Lawyer
Newark Orthopedic & Neurologic: Zemel Suzanne MD Doctor Health

Internet Providers for 50 Park Pl

Provider Technology Max Download Speed Max Upload Speed
LIGHTPATH Fiber
10 Gb/s
10 Gb/s
Verizon Fiber
1 Gb/s
25 Mb/s
MegaPath Corporation DSL
50 Mb/s
50 Mb/s

The Neighborhood: Newark Central Business District

On average, listings lease in the $20's per square foot per year. The Newark Central Business District region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Newark Metro market, the Newark Central Business District submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Median Rate Median Size
Newark Central Business District $28
/sqft/yr
24,690
sqft
Median Rate Median Size
Newark Metro $28
/sqft/yr
5,500
sqft

Median Rate over Time in Newark Central Business District