Brazos Tower$88.22M · 8.72% cap
Pecos Tower
14,600 SF of Retail space available at 287 Riverfront Plz, Newark, NJ 07102. For Sale through Summit Advisory Group.
For SaleStatus
14,600 SFAvailable
$55.17/SFAsking rent
$70.3MAsking price
7.74%Cap rate
1933Year built
AClass
Property facts
| Property type | Retail |
|---|---|
| Building class | A |
| Rentable area | 157,100 SF |
| Available | 14,600 SF |
| Stories | 4 |
| Year built | 1933 |
| Renovated | 2016 |
| Typical floor | 39,275 SF |
| Lot size | 1.17 acres |
| Parking ratio | 3.1/1,000 SF |
| Occupancy | 90.7% |
| Zoning | M1-6 |
| Parcel ID | 60-776-9502 |
| Submarket | Newark CBD |
| Market | Northern New Jersey |
| Days on market | 254 |
| Walk Score | 51 |
| Transit | Highway access I-635 |
| Listing package | Gold |
Building amenities
Bike Storage, Concierge, Property Manager on Site, EV Charging, Restaurant, Energy Star
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 1st | Retail | Direct | 14,600 | $46.27/SF | Thru Oct 2029 | Oct 2026 |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Ellison & Stroud | Non-Profit | 3 | 28,300 | 2029-03-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2026-03-08 | $76.76M | $488.61 | 4.93% | Pemberton Capital | Everline Real Estate |
| 2025-07-28 | $54M | $343.72 | 6.53% | Northstar REIT | Oakridge Development |
| 2020-02-27 | $15.56M | $99.05 | 8.47% | Northstar REIT | Ironwood Capital Partners |
Public record
| Owner of record | Dunmore Equities |
|---|---|
| Assessed value | $32.37M |
| Land value | $10.71M |
| Improvement value | $21.66M |
| Annual tax | $636K |
| Tax year | 2026 |
| Lot size | 50,965 SF |
| Last deed | 2024-08-05 |
| Deed type | Grant Deed |
| Legal description | LOT 37 BLK 414 NEWARK CBD ADDN |
Location
287 Riverfront Plz
Newark, NJ 07102
Newark CBD submarket · Northern New Jersey market
40.70669, -74.15872
Open in RealStarListing package
Gold — Elevated placement above Silver.
Elevated placement, larger search card with a hero image, floor-plan uploads, syndication to partner marketplaces and weekly lead alerts.
Compare packages →Similar retail properties in Newark, NJ
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.