58 Park Place, Colonial-Style Office Property in Newark, NJ

Gadget Software Leases Headquarters Space at Berger’s 58 Park Place, Newark City’s Affordability, Accessibility, Encouragement Appeal to Tech Start-Ups

NEWARK, N.J., March 7, 2016 – Gadget Software, which provides the first team-based mobile app development program and other mobile solutions for the education industry, has leased 4,000 square feet of headquarters space at The Berger Organization’s 58 Park Place in Newark. The tech start-up moved into its newly fit-out second-floor space this month.

“We looked at a variety of factors when choosing the location for our first office, including economics and accessibility,” said Gadget Software’s Dan Crain, chief executive officer. “There is a lot to be said about Newark. Beyond being an affordable alternative to other urban markets, the city is undergoing a renaissance right now that is driving economic development, something we heavily believe in. We are pleased to be part of a growing foundation of technology companies doing business here. And we have the luxury of being just 15 minutes from New York City.”

Gadget Software was founded with the premise to make STEM content, technology and education ubiquitous – through the help of mobile – independent of location, economics and technology. The firm is led by a crop of seasoned veterans in the education and technology space, who have achieved success by embracing organic change through the advent of new technology adoption.

“At a time when leasing activity is ticking upward across Newark’s diverse tenant base, it also is becoming clear that the city’s superior data capacity positions it to become a hub for tech start-ups like Gadget Software and, ultimately, a national hub for the tech sector,” noted Miles Berger, chairman and chief executive officer of The Berger Organization. “Local government, with support from the corporate community, is making a concerted effort to encourage small technology companies to establish and grow in the city – with good results.”

Crain credits his company’s choice of 58 Park Place to its owner. “The Bergers have done a great job fostering the welcoming environment Newark is putting forth,” he said. “They are making their properties accessible to companies like ours. It was an easy decision to work with them, and they have built us an amazing space.”

Located directly opposite Military Park in the heart of downtown Newark, 58 Park Place also is occupied by headquarters operations for the Garden State Ballet, Habitat for Humanity and Tempo Networks, a pan-Caribbean media and entertainment company. Berger currently is marketing the building’s first floor – a former supper club – to restaurant users.

The 30,000-square-foot colonial-style office property, which served as the founding headquarters of Feist & Feist Realty Corp., sits next door to Berger’s Military Park Building at 60 Park Place. The Berger Organization is headquartered at its Robert Treat Center, 50 Park Place, which shares an address with the firm’s Best Western Robert Treat Hotel. The company’s other local office holdings include 570 and 765 Broad Street, and the Fireman’s Insurance Company Building at 10 Park Place. The privately owned diversified real estate owner/manager, has been involved in the Newark office and hospitality market for four decades.