Chinese Firm Acquires One Newark Center in Newark, NJ

One Newark Center, Newark, NJ

NEWARK, NJ—Beijing Ideal Group, a Chinese investment and development firm, has acquired One Newark Center, a class-A, 423,028-square-foot commercial office building in the heart of downtown Newark, from a joint-venture between The Praedium Group and Mack-Cali Realty Corporation.

One Newark Center is strategically located on Raymond Boulevard between McCarter Highway and Mulberry Street, just one block from historic Military Park and Newark Penn Station. The building’s proximity to the train station provides tenants with NJ Transit, PATH and Amtrak service to New York and points along the Northeast Corridor, as well as access to the Newark Light Rail system.