Newmark Associates has announced the completion of several new office transactions at 695 Route 46 in Fairfield, bringing the occupancy rate of the 154,000-square-foot building to 85%. The company reported that it closed the fourth quarter of 2025 with a long-term lease agreement for Neds Home Inc., which will occupy about 18,000 square feet. This space will be used for general administrative offices and as an operations center.
According to Newmark Associates, Neds Home Inc. sought a long-term leasing solution that included flexible terms, highway access, ample parking, and efficient management. The location at 695 Route 46 met these requirements. Helene Elbaum, Managing Director, and Jeannette Melillo, Vice President at Newmark Associates, represented both the tenant and landlord during the leasing process.
Newmark Associates is based in Cedar Knolls and is marking its 40th year as a commercial real estate brokerage firm in New Jersey. The firm is recognized by NJBIZ and CoStar Group for industry excellence and specializes in leasing and sales across various property types including office, industrial, retail, land, healthcare, and mixed-use properties. It is certified as a woman-owned business by the Women’s Business Enterprise National Council (WBENC) and is a founding member of CRESDA (Corporate Real Estate Services, Diversity Associates), serving major corporations nationwide.
The company is also noted as a member of the New Jersey Business & Industry Association (NJBIA). NJBIA was established in 1910 and functions as the largest statewide employer organization in the United States. It represents employers from sectors such as manufacturing, services, retail, wholesale, and contracting. NJBIA provides advocacy services along with essential resources to help its members succeed financially. The association also works to foster partnerships among businesses, government entities, and educational institutions throughout New Jersey (official website). Michele Siekerka serves as president and chief executive officer of NJBIA (official website).
