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IRONSIDE NEWARK
110 Edison Place
Newark, NJ 07102
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REAL ESTATE NJ: It’s official: Edison, Mars Wrigley ink lease for Ironside Newark

By Joshua Burd

Edison Properties and Mars Wrigley Confectionery U.S. have completed a lease that will bring the candy company to downtown Newark.

Michael Sommer, executive vice president for development with Edison, said Tuesday that the two sides had signed the agreement for space inside the building known as Ironside Newark. Located at Edison Place and McCarter Highway, the property is a historic freight warehouse that the developer is restoring and converting to more than 450,000 square feet of office and retail space.

“It’s a great deal for Newark, a great deal for Edison and a great deal for the state of New Jersey,” Sommer said, later adding: “On behalf of Edison Properties, we’re thrilled and we look forward to welcoming them to Newark in 2020.”

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ROI: It’s official: Mars Wrigley signs lease, will move into Ironside Newark in 2020

By Tom Bergeron

In a move that has been expected since last November, Mars Wrigley Confectionery has signed a lease to become a major tenant at Ironside Newark, ROI-NJ has learned.

Michael Sommer, executive vice president for development for Edison Properties, which owns the building, confirmed the agreement.

“I can confirm that we have signed Mars Wrigley Confectionery at Ironside Newark,” Sommer said. “Edison Properties is obviously thrilled and we look forward to welcoming them in 2020.”

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NJ BIZ: United Way CRE event honors Hollister head coach, Ironside Newark

By Elana Knopp
Hollister Head Coach Chris Johnson receives the inaugural United Way Spirit Award from United Way Senior Vice President of Resource Development Theresa Leamy.

Hollister Construction Services Head Coach Chris Johnson was raised against a backdrop of giving back, with volunteerism and a sense of community instilled in him at an early age.

By 13, Johnson was already volunteering at a food bank.

“In my mom’s home you had to give to live, so I was raised with serving food at a food bank and carrying instruments into the philharmonic,” Johnson said upon receiving the United Way of Northern New Jersey’s Spirit Award.

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REAL ESTATE NJ: United Way luncheon presents annual Impact Award, honors Hollister founder

By Joshua Burd

A high-profile redevelopment project in Newark was honored Friday before a crowd of more than 500, winning an annual award from the United Way of Northern New Jersey.

Ironside Newark, Edison Properties’ restoration and conversion of a historic warehouse, took home the Impact Award during the United Way chapter’s 19th Commercial Real Estate Network Legacy Luncheon. The 456,000-square-foot office project, which also includes retail space, won the award over four other major projects in the region from the past year.

“We’re extremely honored to receive the Impact Award for the Ironside Newark project — an initiative we believe represents an incredible opportunity for the city and surrounding region,” said Michael Sommer, executive vice president of development at Edison Properties. “We’re already beginning to witness Ironside Newark’s impact, as it creates hundreds of new jobs, helps attract exciting new restaurants and retail tenants and provides additional momentum to the city’s ongoing renaissance.”

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NJ BIZ: Ironside Newark picks Pierson for leasing

By Elana Knopp
Ironside Newark has chosen Pierson Commercial Real Estate as its retail leasing agent.

Newark-based Edison Properties is redeveloping the historicwarehouse into an office and retail space. Pierson will be responsible for leasing Ironside’s 100,000 square feet of ground floor retail space, much fronting on Mulberry Commons.

“Access to mass transit and its location at the heart of a rapidly developing downtown make it the perfect venue for the kind of experience-focused businesses driving the market today,” Pierson President Jason Pierson said.

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REAL ESTATE NJ: Pierson named leasing agent for Ironside Newark retail space

By Joshua Burd

Edison Properties has tapped Pierson Commercial to lease and market the retail space at Ironside Newark, its mixed-use redevelopment of a historic warehouse in the city.

As exclusive leasing agent, Pierson will seek shopping, dining and experiential retail users for 100,000 square feet of ground-floor space at Edison Place and McCarter Highway. Much of the space will front directly on what will become Mulberry Commons, a public plaza now under development that will connect Newark Penn Station and the city’s Ironbound section to the Prudential Center.

The Pierson Commercial leasing team will consist of President Jason Pierson and Ryan Starkman.

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REAL ESTATE NJ: New development, Amazon bid highlight potential for Newark office market

By Joshua Burd

Despite high overall vacancy and a recent slowdown in leasing, Newark is starved for modern Class A office space — creating an opportunity for developers that can capture that demand.

That’s according to a panel of real estate insiders who spoke Monday during an event hosted by the Newark Regional Business Partnership. As the need becomes clearer, landlords have started to capture that demand through new construction, the rehabilitation of historic buildings and by incorporating office space into mixed-use projects.

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NEW YORK YIMBY: New Renderings for 500,000 Square Foot Office Building “Ironside Newark”

The city of Newark is making slow but steady progress towards adding new urban infill, including large low-slung developments. One such example is 110 Edison Place, inside the city’s downtown area. Edison Properties purchased the building from North Caldwell-based Berkowitz Company for $7 million, allowing them to build nearly half a million square feet of new office space.

Ironside Newark view to the East

Ironside Newark view to the East

The project, dubbed Ironside Newark, is the first speculative office building in Newark since the late 1980’s. This indicates an increasingly healthy market in Newark and the Tri-state area. Edison is investing $80 million into readapting the former freight warehouse into modern office space with retail.

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Real Estate NJ: High-profile adaptive reuse project quickly taking shape in Newark

By Joshua Burd

At the mixed-use project known as Ironside Newark, the transformation from a historic freight warehouse is quickly taking shape. Construction crews have erected the steel for what will be a new seventh-floor penthouse with sweeping views, while gutting the building’s interior and cutting out some 300 window openings to create abundant natural light for tenants.

It’s a complex endeavor to say the least, but a worthwhile one for developer Edison Properties as it looks to fill more than 450,000 square feet of office and retail space.

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The WSJ: Moody’s Raises Newark’s Credit Outlook To Positive

Moody’s Investors Service has raised its rating outlook for Newark to positive from negative, citing ongoing development projects and improving financial management in New Jersey’s largest city.

Newark Mayor Ras Baraka said the change marked the first time in eight years that the city received a positive credit-rating outlook.

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