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Newark's business district gets small financial boost.


Two leading financial institutions have leased approximately 8,400 s/f at 570 Broad St. in Newark, N.J., announced Jeffrey Greenberg Jeffrey Greenberg created the first drag-and-drop interface for Windows under Windows 2.0 in 1988 including drag & drop printing, deletion, copy and other capabilities. The drag and drop interface is the leading way to interact with general computing systems and is based on the , principal of Heritage Management Company, the property's owner and manager. Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU.

Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association.
, Inc. and Atlantic Federal Credit Union have taken ground floor space in the building. Heritage is currently nearing completion of a comprehensive $5 million renovation at the property.

Washington Mutual has leased 6,400 s/f in a highly visible corner of the landmark building, where Broad Street intersects Fulton.

The bank is planning to open a retail branch, its second in the city of Newark, and a home loan center this year.

"We are pleased to have a national retailer of Washington Mutual's stature and reputation as an anchor for the building," said Greenberg. "Its commitment is an indication of the neighborhood's turnaround and the resurgence of this city."

Atlantic Federal Credit Union, headquartered in Kenilworth, N.J., leased nearly 2,000 s/f. The company relocated from One Gateway to 570 Broad St. last fall, with a full new build-out by Heritage Management that provided Atlantic FCU FCU Federal Credit Union
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 with an entrance on Fulton Street, as well as access from the lobby. It is one of seven local branches operated by Atlantic FCU.

570 Broad St. is situated in the heart of Newark's central business district, near Penn Station, NJPAC NJPAC New Jersey Performing Arts Center  and the Newark Bears' Stadium. It is just minutes away from Newark Liberty International Airport For the massive interchange outside of Newark Liberty International Airport, see .

Newark Liberty International Airport (IATA: EWR, ICAO: KEWR, FAA LID: EWR), first named Newark Airport and later Newark International Airport
, with easy access to the New Jersey Turnpike, Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State". , Interstate 78, Routes 1 and 9, 21 and 22, as well as bus and train lines to and from Hoboken, Princeton, Trenton and New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

Shortly after acquiring the 212,500 s/f office property in 2003, Heritage launched a major renovation of 570 Broad St. that included a dramatic facelift of the building's exterior. The improvements, scheduled for completion this spring, will introduce new computerized elevators, a striking entrance lobby, elevator lobbies on all floors, restrooms and enhanced operating systems, plus the latest communications wiring.
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Title Annotation:Atlantic Federal Credit Union
Publication:Real Estate Weekly
Geographic Code:1U2NJ
Date:Mar 23, 2005
Words:337
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