Newmark Associates CRE facilitates sale of religious facility in Basking Ridge

Newmark Associates CRE announced it sold 40 Whitenack Road, a prominent multi-story religious facility located in Basking Ridge. The property spans approximately 23,000 square feet on over five acres of land.

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.

Mary Swatek, vice president at Newmark Associates CRE, represented the purchaser, providing expert guidance and support throughout the acquisition process. Nancy Stanton-Tuckman, vice president 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,” Swatek said. “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.