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Newark Building in Opportunity Zone Sells for $19 Million

Deal Represents Latest Sign of Downtown Resurgence in New Jersey's Largest City
The sale of 550 Broad St. in downtown Newark, New Jersey, is part of an economic revival. Photo: CoStar
The sale of 550 Broad St. in downtown Newark, New Jersey, is part of an economic revival. Photo: CoStar
CoStar News
July 10, 2019 | 5:19 P.M.

Fidelco Realty Group, expanding its portfolio of office buildings in Newark, has acquired an 18-story high-rise located in a federal opportunity zone in New Jersey's largest city for $19 million.

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News | Newark Building in Opportunity Zone Sells for $19 Million