MORRIS COUNTY — As Exclusive Broker for 695 Route 46 Fairfield, Newmark Associates has accomplished several new office transactions at the building, bringing the 154,000 square feet building to 85% occupancy.
Most notably, Newmark closed the 2025 4th quarter with the execution of a long-term office lease in the building. The Tenant will occupy approximately 18,000 square feet. The office space will serve as General administrative offices and operations center. The abundant parking offered at the building was one of the deciding factors in attracting this tenancy.
The Exclusive Brokers for the building, Helene Elbaum, Managing Director and Jeannette Melillo, Vice President represented both Tenant and Landlord for the leasing of the space. The company was seeking a long-term solution that offered flexible leasing terms, highway accessibility, abundant parking and efficient management. 695 Route 46 delivered on all fronts.
Newmark Associates, CRE, based in Cedar Knolls, is celebrating 40 years as one of the state’s leading commercial real estate brokerage firms. Recognized by NJBIZ and the CoStar Group for excellence in the industry, Newmark specializes in leasing and sales of office, industrial, retail, land, healthcare, and mixed-use properties. The firm is certified as a woman-owned business by the Women’s Business Enterprise National Council (WBENC) and is a founding member of CRESDA (Corporate Real Estate Services, Diversity Associates), serving the needs of major corporations nationwide.
