Bodybuilding Company Will Move To Newark From Jersey City

NEWARK, NJ — Citing “competitive market rates,” bodybuilding and weight-loss solutions company Shredz Supplements has announced plans to relocate its regional office from Jersey City to an 11,200-square-foot space in Newark.

On Monday, Colliers International announced that its agents arranged a sublease with Shredz Supplements LLC at the 15-story office tower at 50 Park Place in Newark.

The property, known as Robert Treat Center, is owned by The Berger Organization.

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“The subtenant’s relocation to Newark from Jersey City is reflective of the marketplace, and its choice of 50 Park Place ties to the opportunity to lease attractive, plug-and-play space,” noted Colliers’ Robert Gallucci, who spearheaded the transaction with the global commercial real estate services firm’s Alex Vitro and Richard Mirliss.

“As pricing on the waterfront continues to climb, companies looking for the benefits of a CBD market can find competitive rates in Newark,” Gallucci said. “The city also offers excellent mass transit infrastructure and a full range of urban amenities.”

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Photo: Colliers International Group