December 15th, 2010 by Administrator

Three New Tenants Illustrate Newark Property’s Appeal for this Vital Sector

NEWARK, N.J., Dec. 15, 2010 – The Berger Organization’s Military Park Building, 60 Park Place in Newark, has become a location of choice for non-profit organizations, as evidenced by three recent leases and several established tenants at the 250,000-square-foot office tower.

“This building is so conveniently located,” said Christine Carter Davis, chief executive officer of The Against All Odds Foundation, which offers after school and social services programs for at-risk children and underserved families throughout New Jersey. “We run 44 tutoring programs and a Family Success Center in Newark – all are easily accessible from here.”

Against All Odds leased 1,400 square feet at the Military Park Building, relocating from Union, N.J. “Our new office is affordable, secure and open to us 24/7,” Davis added. “But beyond those benefits, we are pleased to share the building with a number of other great nonprofits. There is a sense of community here, and our proximity lets us easily share resources and best practices.”

Another new non-profit addition at the Military Park Building is Neighborhood Assistance Corporation of America (NACA). The community advocacy and homeownership organization moved into 5,000 square feet, relocating from The Berger Organization’s nearby Robert Treat Center (50 Park Place) in an expansion move. NACA enables people with poor credit to purchase a home or refinance a predatory loan with better terms than those provided in the prime market. Headquartered in Boston, with more than 30 offices nationwide, NACA is the country’s largest housing services organization.

Playworks, a national organization that supports learning by providing safe, healthy and inclusive play and physical activity to schools at recess and throughout the entire school day, leased 1,000 square feet at the Military Park Building as well. Founded in 1996, Playworks is the only non-profit organization in the country to send trained, full-time coaches to low-income, urban schools. By 2012, Playworks will serve more than 650 schools in 27 cities; Newark is the Oakland, Calif., company’s first East Coast location.

Against All Odds, NACA and Playworks join several other nonprofits at the Military Park Building, including TEAM Charter Schools and The Wight Foundation .

“Nonprofits play an important role in the City of Newark, and it is gratifying to provide a location that offers the flexibility and convenience they need to successfully serve the community in diverse and valuable ways,” noted Miles Berger, chairman and chief executive officer of The Berger Organization. “The Military Park Building is earning a reputation as a business destination for this vital sector.”

The 21-story office tower currently is 88 percent occupied, with contiguous availabilities from 1,000 to 15,000 square feet. Tenants enjoy on-site tenant parking; a fitness center; conference facilities; onsite ownership and management; and commanding views of the surrounding city, New York skyline and Military Park.

Additionally, the 85-year-old historic property offers easy access to Newark Liberty International Airport and major thoroughfares. It is within walking distance to the New Jersey Performing Arts Center and Penn Station, which provides 20-minute NJ Transit and PATH service to midtown and downtown Manhattan.