Newmark Associates CRE Facilitates Sale of Religious Facility in Basking Ridge

Cedar Knolls, NJ – Newmark Associates CRE is pleased to announce its exclusive role in brokering the successful sale of 40 Whitenack Road, a prominent multi-story religious facility located in Basking Ridge, NJ. This exceptional property, spanning approximately 23,000 square feet on over 5 acres of land, represents a significant transaction in the local real estate market. The purchaser, New Testament Ministries, acquired the property from the Somerset Hills Jewish Center, Inc. The transaction, marks a new chapter for the organization as it transitions to serve the needs of its congregation. ​

ary Swatek, Vice President at Newmark Associates CRE, represented the purchaser, providing expert guidance and support throughout the acquisition process. Nancy Stanton-Tuckman, Managing Director at Newmark Associates CRE, represented the seller, ensuring a smooth and efficient transaction for all parties involved.

“It was a privilege to facilitate this significant transaction and to work closely with both the seller and the purchaser to achieve their respective goals,” said Mary Swatek. “This property holds tremendous potential for New Testament Ministries, and we are excited to see its continued use as a vital community and worship space.” Nancy Stanton-Tuckman added, “We are honored to have represented the Somerset Hills Jewish Center, Inc. in this transaction. This sale reflects the strength and expertise of Newmark Associates CRE in navigating complex real estate deals and delivering successful outcomes for our clients.”

Situated in a serene setting, the property at 40 Whitenack Road boasts ample square footage and acreage, making it an ideal location for a religious facility. The successful sale underscores Newmark Associates CRE’s commitment to excellence and its position as a leader in the commercial real estate market.

For more information about this transaction or other real estate opportunities, please contact Newmark Associates CRE at (973) 884-4444.

Newmark Associates, CRE, located in Cedar Knolls, New Jersey, is certified as a woman-owned business by the Women’s Business Enterprise National Council, and is an affiliate of CRESDA (Commercial Real Estate Supplier Diversity Alliance), servicing the supplier diversity requirements of Fortune 100 companies across the country.

Celebrating more than 35 years in the commercial real estate industry as one of the top brokerage companies in the state, Newmark Associates has been recognized repeatedly with awards by both NJBIZ magazine, and the CoStar Commercial Real Estate organization. Newmark specializes in lease and sales transactions of office, industrial, retail, land, healthcare, and mixed-use properties.