Prism Capital Partners, LLC has relocated its headquarters to BroadAcres Office Park from Englewood, N.J., in an expansion move. The commercial real estate owner/operator has maintained its property management operations at 200 Broadacres Drive since 2006, when it purchased the 380,000-square-foot, four-building BroadAcres campus.
The company’s growth and the acceleration of key local projects were catalysts for consolidating their staff into a single location, and that BroadAcres was the logical choice. “We are involved in two major construction projects within 10 minutes of this property,” noted Edwin Cohen, Principal Partner. “It has become increasingly important for our Prism Construction Services, LLC division, especially, to be physically closer to these sites as things progress.
Among Prism’s larger current projects is Parkway Lofts(top photo), a multi-family adaptive reuse project. The General Electric Company in 1897 built the landmark, six-story warehouse that Prism is redeveloping into 365 loft-style apartments with lifestyle amenities. Upon completion, the property will be transformed into a distinctive residential village also featuring approximately 170 for-sale townhomes and a clubhouse.
Prism also is serving as designated redeveloper for Edison Village, a master-planned mixed-use project in nearby West Orange, N.J. That project’s first phase included the adaptive reuse of the historic Thomas Edison Invention Factory and Commerce Center, including a total renovation and reconstruction of the nearly 100-year-old factory complex.