875-893 Broad Street, Newark, NJ 07102 For Sale

875-893 Broad Street occupies an irreplaceable position at the epicenter of Newark's downtown, directly at the corner of Broad Street and Williams Street. The property sits across from Newark City Hall and the Prudential Center arena, placing it within steps of the city's largest employers, entertainment venues, transit hubs, and educational institutions.

Downtown Newark provides the key components for a cohesive development market. It is home to major corporate anchors, including Prudential Financial's global headquarters, Audible, Panasonic North America, PSEG, and Mars Wrigley's U.S. headquarters. Horizon Blue Cross Blue Shield is also pursuing a new ground-up 250,000 SF headquarters in the central business district as part of a redevelopment plan that could bring up to 1,000 apartments to the Penn Station area. This corporate base is reinforced by Rutgers University–Newark, NJIT, Rutgers New Jersey Medical School, and University Hospital, which collectively draw tens of thousands of students, faculty, and healthcare workers into the urban core each day.

The downtown balances local amenities such as retail, dining, and new residential communities, which are important for attracting and retaining workforce talent. Broad Street serves as the city's primary commercial artery, with national tenants, local businesses, and services, anchored by the Whole Foods at the redeveloped Hahne & Co. building. Recent luxury multifamily deliveries — including Newark Urby, Vermella Broad Street, and 540 Broad Street — are adding thousands of residents within walking distance of the Property, while the proposed 53-story, 490-unit tower directly adjacent at 900 Broad Street signals the next wave of high-density growth at the Property's doorstep.