BLOOMFIELD, NJ-A corporate headquarters commitment by RandaLuggage this spring capped nine months of steadyactivity--including more than 100,000 square feet of new leases andrenewals--at BroadAcres Office Park in Bloomfield. Prism CapitalPartners, LLC, owner/manager of the 380,000-square-foot, class Acampus cites BroadAcres’ prime location, recent capitalimprovements and services as key factors in this success during aflat market. Edwin H. Cohen and Eugene Diaz, Prism Capital Partnersprincipals, served as in-house representatives in negotiating therecent transactions.

|

Randa leased an entire 26,000-square-foot floor at 200Broadacres Dr. in a relocation move from Totowa, NJ. Mark Tannenand John Friedland of United Realty Advisors served as tenantbrokers in the long-term deal. Additionally, hospital management,billing and financial consulting services firm ARMDS--and asubtenant at BroadAcres Office Park--signed a multi-year directlease for 8,800 square feet at 400 Broadacres; Lee Barnes of CBREserved as tenant broker. Another subtenant, office technology andIT solutions company Atlantic Tomorrows Office, signed a long-term,direct lease for 5,800 square feet, also at 400 Broadacres; HarlanHollander of Cushman & Wakefield, Inc. served as tenant broker.Lastly, law firm Bucceri & Pincus, Esqs. relocated fromClifton, NJ to 3,400 square feet at 300 Broadacres Dr. in amulti-year lease.

|

Since acquiring the four-building BroadAcres Office Park in2006, Prism Capital Partners has completed major capitalimprovements, including the creation of an outdoor courtyard andpatio area, and full lobby updates at 300 and 400 Broadacres.Classic Caf

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.