Ironbound Continental Plaza

400 Delancy Street, Newark, Essex County, New Jersey

Status

For Lease

Price

Call For Additional Information

Property Description

Location
400 Delancy Street, Newark, Essex County, New Jersey. Located at the base of the Delancy Street exit ramp from Routes 1 & 9 North, with immediate North-South access. First exit off Routes 1 & 9, after Newark Liberty Int'l Airport.

Property Description
Formerly "Red Star Trucking", this existing 274,000 SF three-story, masonry and steel frame office-industrial building is undergoing complete renovation for multi-tenant office and retail. Situated on a total of 23.5 acres, and visible from Routes 1 & 9. Recent building renovations include a high speed passenger and freight elevators, redesigned common areas, new windows and HVAC and mechanical systems. On-site security provided during evening hours.

Available Space/Rental Rates

· 1st Floor Office - 8,430 SF (divisible to 1000 SF)
New HVAC , Bathrooms & Elevators, Delivery 60 days from lease execution
Rent - $13.00 psf
(includes projected 2020 base year taxes & CAM)
Gross Rent - $1083 per month per 1,000 SF

· 2nd Floor Office - 16,400 SF - divisible
Immediate occupancy
Rent - $16.00 psf
(includes projected 2020 base year taxes & CAM)
Gross Rent - $1,333 per month per 1,000 SF

· 3rd Floor Office - 33,400 SF (divisible to 2,000 SF)
Immediate
Rent - $12.00 psf
(includes projected 2020 base year taxes & CAM)
Gross Rent - $2,000 per month per 2,000 SF


Parking
Two-level concrete and steel framed parking deck with a 310 car capacity, plus 48 car parking for retail stores on the ground floor.

Comments
· Designed by Newark as part of its Redevelopment and Regeneration efforts including 3% Sales Tax within Urban Enterprise Zone;
· Continental Hardware & Trading Co. has opened a 50,000 SF showroom along with a 134,000 SF warehouse/outside storage. Other tenants include cafe/restaurant, medical offices (MRI and pain management) and transportation companies;
· Within 1/2 mile of I-78, Route 22, The NJ Turnpike and 2 1/2 miles East of the Garden State Parkway, accessible from the Ferry Street business district via Wilson Avenue and Stockton Street, and minutes from Newark Liberty International Airport and Port Newark/Elizabeth.

Contact Agent

Joel Tomlinson or Brian Silbert

(908)-604-6900

Property Location

400 Delancy Street, Newark, Essex County, New Jersey