Headquartered in Bloomfield, N.J., Prism Capital Partners is an experienced real estate owner/operator/developer with a proven track record of creating value through select real estate investments and developments. Geographically focused in the New Jersey/New York/Connecticut market, Prism specializes in identifying, acquiring and creating distinctive, value-added opportunities in the office, retail, industrial and residential sectors. The company invests with institutional and private capital sources that rely on Prism’s ability to identify and realize the highest value potential in real estate endeavors of all sizes. To date, the 17-year-old company, with its capital partners, has invested more than $750 million in 17 projects totaling over 5 million square feet.
Prism Capital Partners has relocated its headquarters to ON3, the commercial real estate owner/operator’s 116-acre redevelopment spanning the Township of Nutley and City of Clifton, N.J. The move from nearby Bloomfield, N.J., to 200 Metro Boulevard, the campus’ signature, LEED-certified office tower, serves to unify the company’s operations at this flagship project. The move also responds to a significant period of growth for Prism.
Since Prism’s 2016 acquisition of the ON3 site, sustained activity has been rebuilding the tenant population at the former Hoffmann-La Roche campus, attracting high-profile companies across a range of sectors. This includes a blue-chip list of corporate, life sciences and educational tenants. Prism expects that more than 5,500 people will be employed at ON3 by 2021. The ongoing redevelopment is creating hundreds of construction jobs as well.
Prism’s relocation comes on the heels of recent milestones at ON3, including The Ralph Lauren Corporation taking full-building occupancy at the adjacent, newly renovated 100 Metro Boulevard, and the opening of the property’s first parking garage – a 2,500-space structure serving both 100 and 200 Metro Boulevard.
At 200 Metro Boulevard, Prism has removed the original east-facing marble façade and is replacing it with a new curtain-wall glass exterior. This will match the northern and southern facades, and create enhanced views of the Manhattan skyline. Other renovation work is underway, readying the building for additional future tenants. Outside, Prism is creating a courtyard with communal areas for social and business gatherings.
ON3’s strategic location – just nine miles from Manhattan – has provided Prism with an opportunity to create a property that speaks to the changing demands of New Jersey communities, residents and businesses. The mixed-use complex will integrate office and R&D facilities, recreational, hospitality and wellness options, among others, and is positioned to set a benchmark in Walking Urbanism.
200 Broadacres Drive, Bloomfield, NJ 07003 – USA