Newmark Associates CRE has announced the successful brokerage of a religious facility sale in Basking Ridge. The property, spanning 23,000 square feet and situated on five acres at 40 Whitenack Road, was purchased by New Testament Ministries from the Somerset Hills Jewish Center, Inc.
Mary Swatek, vice president at Newmark Associates CRE, represented the buyer in this transaction. She provided guidance and support throughout the acquisition process. Nancy Stanton-Tuckman, managing director at Newmark Associates CRE, represented the seller.
“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 stated. “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.”
Stanton-Tuckman commented on the transaction as well: “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.”
Newmark Associates CRE is based in Cedar Knolls and is certified as a woman-owned business by the Women’s Business Enterprise National Council. It is also affiliated with CRESDA (Commercial Real Estate Supplier Diversity Alliance), meeting supplier diversity requirements for Fortune 100 companies nationwide. The firm specializes in leasing and sales transactions across various property types including office, industrial, retail, land, healthcare, and mixed-use properties.
