Robert Treat Center

Off-Market

50 Park Place, Newark, NJ 07102

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 100,000 SF
  • Lot Size 1.72 Acre
  • Parking Spaces Avail. 150
  • Parking Ratio 1.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1986

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Newark

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Newark Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $35.67
  • 2021 Office Vacancy Rate 16.40%
  • 2021 Office Completions (SF)
View more Newark market trends

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise
  • Transit Score ®

    98/100 Rider's Paradise
  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Newark, NJ
  • Neighborhood Downtown Newark
  • Zip Code 07102
  • Market New Jersey

Points of Interest

  • NJPAC/Center Street

    0.15 miles

  • Military Park

    0.17 miles

  • Washington Street

    0.32 miles

  • Washington Park

    0.34 miles

  • Atlantic Street

    0.35 miles

  • Newark Penn Station

    0.37 miles

  • Riverfront Stadium

    0.46 miles

  • Broad Street Station

    0.61 miles

  • Newark Broad Street

    0.63 miles

  • Harrison

    0.67 miles

  • Lukoil

    0.45 miles

  • Speedway

    0.50 miles

  • Delta

    0.68 miles

  • Mobil

    0.73 miles

  • BP

    0.97 miles

  • Exxon

    1.10 miles

  • Enrite

    1.10 miles

  • Sunoco

    1.18 miles

  • Wawa

    1.84 miles

  • Tesla Supercharger

    1.86 miles

  • NJPAC Lot C

    0.12 miles

  • One Newark Center Garage

    0.14 miles

  • NJPAC Lot A

    0.14 miles

  • Raymond Boulevard Garage

    0.16 miles

  • Edison ParkFast

    0.19 miles

  • Deck 2

    0.24 miles

  • Deck 3

    0.26 miles

  • 502

    0.28 miles

  • Riverfront Garage

    0.28 miles

  • Lot 507

    0.29 miles

  • Best Western Robert Treat Hotel

    0.03 miles

  • TRYP Newark

    0.05 miles

  • Hilton

    0.30 miles

  • Hotel Indigo Newark Downtown

    0.35 miles

  • Courtyard by Marriott Downtown Newark

    0.44 miles

  • Hampton Inn

    0.55 miles

  • Comfort Suites Newark - Harrison

    1.11 miles

  • Casa Tito

    1.37 miles

  • Casa Majo

    1.55 miles

  • DoubleTree by Hilton Hotel

    1.83 miles

  • Blaze Pizza

    0.13 miles

  • Wok To Walk

    0.14 miles

  • Dunkin' Donuts

    0.16 miles

  • Chinatown Diner

    0.16 miles

  • The Halal Guys

    0.17 miles

  • Qdoba

    0.17 miles

  • Crown Fried Chicken

    0.17 miles

  • Grabagreen

    0.18 miles

  • China Express

    0.19 miles

  • The Green Chickpea

    0.19 miles

  • Pillar College

    0.05 miles

  • NJPAC Center for Arts Education

    0.15 miles

  • Express Newark

    0.18 miles

  • Seton Hall University School of Law

    0.18 miles

  • Rutgers School of Criminal Justice

    0.27 miles

  • Rutgers Law School

    0.28 miles

  • Berkley College

    0.31 miles

  • Rutgers University Newark

    0.32 miles

  • Rutgers Bussiness School

    0.40 miles

  • Center for Health Sciences

    0.43 miles

  • Wyonna's House

    0.31 miles

  • Sunshine

    3.93 miles

  • Concern Mom Soar On Eagle Wings

    4.25 miles

  • Future Generation Early Learning Center

    4.64 miles

  • Executive Baby

    4.67 miles

  • Elite Day Care LLC

    4.73 miles

  • Little Scholars Playhouse

    4.86 miles

  • All About Kids

    4.97 miles

  • Franciscan Sisters of St. Elizabeth School and Child Care Center

    5.27 miles

  • Park Street Academy

    6.00 miles

Frequently Asked Questions

What is the total square footage of Robert Treat Center?

Robert Treat Center totals 100,000 square feet.

When was this property built?

Robert Treat Center was built in 1986.

What is the property tax for Robert Treat Center?

The property tax for Robert Treat Center in 2023 was $16,677.

What is the market value for Robert Treat Center?

The market value* for Robert Treat Center in 2023 was $3,146,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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