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KS Group Purchases 9,000-SF Office Building in Downtown Redevelopment Zone 

NEWARK, N.J., (Oct. 6, 2022)Lee & Associates New Jersey has arranged the sale of 260 Broadway in Newark to locally based developer KS Group. According to the commercial real estate services firm, the trade of this two-story, 9,000-square-foot office building reflects the appeal of targeted redevelopment opportunities in New Jersey’s largest – and second-fastest-growing – city. 

Lee & Associates Assistant Vice President Jerry Joseph, Assistant Vice President Tarang Ramani and Associate Kyle Janoczkin represented the seller, 260 Broadway LLC, in the transaction. The buyer was represented by Han Save of Group Twenty Six LLC.  

“Investors remain bullish on commercial redevelopment in the City of Newark,” Joseph said. “This property’s prime location on Broadway, in one of the city’s designated opportunity zones, makes it an ideal acquisition for KS Group, which focuses on identifying opportunities with improvement potential in high-demand areas.”  

Located near the intersection of 3rd Avenue, 260 Broadway is just minutes from downtown and the Central Business District. The property offers commuters easy access to I-280, and routes 21 and 3, as well as the value-added amenity of gated on-site parking. Public transportation options include NJ Transit buses, which stop directly in front of the building, as well as train and bus service to New York City.  

Lee & Associates is a full-service, international commercial real estate firm with over 70 locations in the United States. As the fastest-growing broker-owned firm in the nation, the company is uniquely qualified to support clients’ real estate needs in the local, national and international markets. Lee & Associates New Jersey has locations throughout the state and specializes in commercial real estate brokerage, including industrial, office, medical, retail and multi-family leasing and investment; property and asset management; receivership; and procurement of debt and equity. Additional information can be found at  


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