464 Broad Street, Newark
Higher Ed

NJIT Moving Administrative Offices to Tubman Square

The New Jersey Institute of Technology (NJIT) has announced it will relocate several non-student-facing administrative offices to 494 Broad St. in Newark. The new Class A facility offers 75,000 square feet of modern workspace and will serve as a centralized hub for NJIT’s administrative functions. Additionally, this move presents an opportunity to renovate Fenster Hall, further enhancing and expanding the student experience on campus.

“We are excited about this strategic relocation, which underscores our dedication to continuous improvement and innovation,” said Teik C. Lim, president of NJIT. “By transitioning to 494 Broad Street, we aim to optimize our resources, improve operational efficiency and create a more dynamic work environment for our administrative teams.”

NJIT’s Real Estate Development and Capital Operations team, spearheaded by Andrew Christ, senior vice president for Real Estate Development and Capital Operations, worked closely with Paul V. Profeta, president of Paul V. Profeta Associates and a distinguished member of the Board of Directors of the NJIT Foundation. Their collaborative efforts were instrumental in locating and negotiating the sublease agreement at 494 Broad St.

“The addition of NJIT to 494 Broad is an incredible statement about the growth of Newark’s Downtown Arts and Innovation District,” said Kerri B. Levine, principal at The Fidelco Group. “Fidelco is excited to add NJIT to our list of transformative anchor tenants as we focus on attracting partners who can enhance the city’s resurgence while becoming integral members of the surrounding community.”

Additionally, NJIT joins Rutgers Business School and Audible on Harriet Tubman Square. Connecting the main NJIT campus in University Heights with the downtown arts and entertainment district not only enhances accessibility but also aligns with NJIT’s 2030 Strategic Plan goal of further engaging with the community to drive innovation and economic growth.

“NJIT’s expansion of vital administration services office space into Newark’s downtown is evidence of our success in reinvigorating the heart of our city with a full spectrum of amenities for residents, workers and visitors,” said Newark Mayor Ras J. Baraka. “Beyond accessibility to metropolitan mass transit, the NJIT family can enjoy both world class and hyperlocal dining, entertainment and shopping, as well as an array of housing options and a lively, ever-changing streetscape. I’m grateful to NJIT for its continual embrace of all Newark has to offer, and for what it infuses into our city life.”

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