NEWARK, NJ — A formal ribbon-cutting for Blink Fitness at Ironbound Plaza in Newark marked the first tenant opening at this historically significant and newly redeveloped property. Paramount Assets purchased the triangular-shaped, limestone-clad building at 2 Ferry St. vacant in early 2017; it has been renovated and fully leased, with interior fit-out work underway for its second tenant, 7-Eleven.
Members of the Paramount Assets team joined local residents, dignitaries and Blink Fitness leadership at the ceremony on April 27.
Initially built as a bank building in Newark’s heyday and later converted for medical use, Ironbound Plaza sits on the corner of Market St., adjacent to Newark Penn Station. Its new retail tenants will benefit from that facility’s 30,000-person average weekday passenger count. At the same time, Blink Fitness and 7-Eleven and are positioned to serve the city’s growing Ironbound district residential population, as well as CBD commercial occupants.