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Prism Signs 90,000 SF of Leases

BLOOMFIELD, NJ-The multiple renewals and new leases come at the firm's four-building, 380,000-sf BroadAcres Office Park.

By Eric Peterson | Updated on April 30, 2008

BLOOMFIELD, NJ-Prism Capital Partners has signed new and renewal leases totaling 90,000 sf at its BroadAcres Office Park, a four-building, 380,000-sf class A campus on 20 acres here. With the signings, the Englewood, NJ-based Prism is also set to launch a capital improvement program at the property, which it acquired two years ago.

In the largest signing, Crown Travel Service subsidiary Club ABC Tours renewed its 19,500-sf HQ lease. Also, Ultra Additives, a subsidiary of Munzing that makes antifoaming and defoaming agents, renewed and expanded to a total of 18,000 sf of office and lab space.

Hospice of New Jersey renewed and relocated its HQ office within the property to a 9,000-sf space. EverBank Financial Corp., a private holding company based in Jacksonville, FL, took 17,500 sf in a regional office relocation from West Paterson; the tenant was represented by Richard Madison of Newmark Knight Frank. And other new tenants are Arbitration Forums who took 3,800 sf, financial securities firm Southwest Securities who took 3,400 sf, and Sun National Bank who took 3,200 sf.

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