155 Washington St
Newark, NJ 07102
Newark Urby · Property For Lease · 220,000 SF

155 Washington St, Newark, is a state-of-the-art, 18-story tower that has been beautifully renovated into 249 market-rate residences and over 7,000 square feet of ground floor retail space, known as Newark Urby. Situated in the heart of Downtown Newark and Rutgers University Newark Campus, this property is ideal for those who enjoy city living with all the amenities at their fingertips. Newark is the largest city in the state of New Jersey and has a population of nearly 300,000 people, making it one of the most populous municipalities in the country. The property is just 8 miles from Lower Manhattan, with a convenient 20-minute ride to New York Penn Station, providing easy access to all that the city has to offer. The property is surrounded with a large concentration of offices, with over 14.5 million square feet of office space in the downtown central business district. The area is home to major corporations such as Prudential, PSE&G, Audible, Panasonic, IDT, Mars Wriggle Confectionary, WebMD, and significant east coast law firms such as McCarter English and Genova Burns. The location of this property makes it an ideal choice for those working in the city. There is a residential pipeline of over 3,700 rental units currently in development in the immediate downtown area, making this an area with high growth potential. Additionally, the market boasts over 35,000 students, providing an excellent opportunity for those who want to invest in student housing. In summary, 155 Washington St, Newark, is an excellent investment opportunity due to its prime location in a growing market. Its state-of-the-art renovation, close proximity to Manhattan, and access to major corporations and universities make it a highly desirable property for those looking to invest in the area.