Well-known West Orange office location sold … with assistance from inside


Contact:            Kurt Praschak / [email protected] / 973.992-7800, x.289


Well-known West Orange office location sold … with assistance from inside


Long-time tenant Sheldon Gross Realty brokers deal on 101,000-square-foot building



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Exterior and interior images of 80 Main Street, W. Orange, NJ


WEST ORANGE, NJ (June 26, 2024) – Being on the inside has its benefits.


In brokering the recently announced sale of the 101,000-square-foot office building at 80 Main Street in West Orange, the senior team at Sheldon Gross Realty had a rather unique perspective. They were working to sell the building in which their firm has been based for more than 45 years, and for which it has long served as exclusive real estate broker.


They succeeded when Millburn-based Iron Ore Properties LLC closed on its purchase of the five-story structure. A key reason for Iron Ore’s purchase of 80 Main Street was its nearly 90% occupancy rate, which bucks local, regional, and national office trends.


“Our familiarity with this property enabled us to speak firsthand about the building and location,” says Sheldon Gross Realty President Marcy Gross, who worked on the transaction with colleagues Jonathan Glick, Executive Vice President; Barbara Gross, Executive Vice President; and Eric Weston, Vice President.


Constructed in the early 1970s by the local Drill family, 80 Main Street’s tenant roster – in addition to Sheldon Gross Realty – includes attorneys, accountants, and medical professionals.


“It was a pleasure working with Iron Ore,” adds Barbara Gross. “We were able to quickly agree on all major aspects of the deal.”


Just off Route 280, 80 Main Street is just minutes from the Garden State Parkway, Route 80, and other major highways, as well as Newark Liberty International Airport. It features a full-service cafeteria, and tenants can easily walk to NJ Transit trains, restaurants, and retail locations.


About Sheldon Gross Realty

Based in New Jersey, Sheldon Gross Realty, Inc. offers clients a broad array of specialized services, including office, industrial and retail brokerage; tenant representation; property and asset management; office relocation; and consulting. Founded in 1962, the firm is known for its long-term client relationships, high percentage of repeat business, and a stellar 95 percent success rate in leasing/selling the property assignment it undertakes. Featuring an exceptional team of professionals renowned for outstanding customer service and committed to unparalleled market research, Sheldon Gross Realty addresses its clients’ corporate real estate needs on a local, regional, and national scale.


Additional information is available online at www.sheldongrossrealty.com. A free consultation is available by calling 862.930-5714.

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