SECAUCUS, NJ – Marcus Partners, in aventure with Prudential RealEstate Investors, is acquiring and rebranding500 Plaza Drive, a class A, 450,000 square footoffice tower located in Secaucus, NJ. Marcus says it will invest$15 million in renovation of the lobby and construction of newconference and fitness centers, and a full service café. Plans also include construction of a new 250-space parkingstructure and 30 new visitor parking spaces in front of thebuilding.

With the addition of 500 Plaza Drive, its finalacquisition for Marcus Capital Partners Fund I LP,Marcus Partners now owns and manages 650,000square feet of commercial real estate investments in New Jersey andover 5.5 million square feet along the East Coast. Marcus Partners will continue to actively grow itscommercial real estate portfolio through value add acquisitions ofoffice, bio-medical, medical office, R&D and industrial spacein East Coast markets such as Metro Boston, suburban New York City(CT, NJ, NY), Metro Washington, D.C., and other select East Coastmarkets.

“500 Plaza is a transportation-oriented'Urban/Suburban' property directly connected to Midtown Manhattanvia both bus and rail services provided by NJ Transit, which makesit attractive to companies looking for close ties to Manhattan withthe conveniences and lower costs of a suburban setting,” saysDavid Fiore, Director of MarcusPartners' Metro New York office. “It is unique inthat it is also set in a somewhat urban environment that has ninehotels, over 25 restaurants and cafes, retail stores andentertainment, all at its doorstep in Harmon Meadow. We are verypleased to partner with Prudential Real Estate Investors on thisunique opportunity and look forward to being able to offer tenantsa truly exceptional headquarters quality property.”