570 Broad Street

  • Historical Asset
  •   200,000 sq.ft.
  •   Class A Office
  •   Newark, N.J.

When Heritage purchased 570 Broad Street in 2003, this 14-story building had sat vacant for seven years. The firm launched a $5 million renovation at the property in early 2004, resulting in one of Newark’s most modern, Class A office addresses. Two years later, six tenants had signed long-term commitments at 570 Broad Street, with many relocating to the building from outside of the city. In a strategic move that enabled Heritage to pursue other opportunities in the local market, the firm sold the building, which had substantially increased in value, to Ivy Equities in mid-2006.

About Heritage

Founded over 75 years ago, Heritage is a private, family-owned real estate firm providing co-investors, clients and joint venture partners extraordinary opportunities to invest in, own and extract appreciable value and investment return on real estate assets.

Principals

  • Jeffrey Greenberg
    Principal
    Oversees all disciplines involved in the acquisition, financing and leasing of Heritage’s properties.
    jeff@heritagecapitalgroup.net
  • Steven Greenberg
    Principal
    Supervises every aspect of leasing, construction & property management for Heritage’s holdings.
    steve@heritagecapitalgroup.net