BLOOMFIELD, NJ-A corporate headquarters commitment by Randa Luggage this spring capped nine months of steady activity--including more than 100,000 square feet of new leases and renewals--at BroadAcres Office Park in Bloomfield. Prism Capital Partners, LLC, owner/manager of the 380,000-square-foot, class A campus cites BroadAcres’ prime location, recent capital improvements and services as key factors in this success during a flat market. Edwin H. Cohen and Eugene Diaz, Prism Capital Partners principals, served as in-house representatives in negotiating the recent transactions.
Randa leased an entire 26,000-square-foot floor at 200 Broadacres Dr. in a relocation move from Totowa, NJ. Mark Tannen and John Friedland of United Realty Advisors served as tenant brokers in the long-term deal. Additionally, hospital management, billing and financial consulting services firm ARMDS--and a subtenant at BroadAcres Office Park--signed a multi-year direct lease for 8,800 square feet at 400 Broadacres; Lee Barnes of CBRE served as tenant broker. Another subtenant, office technology and IT solutions company Atlantic Tomorrows Office, signed a long-term, direct lease for 5,800 square feet, also at 400 Broadacres; Harlan Hollander of Cushman & Wakefield, Inc. served as tenant broker. Lastly, law firm Bucceri & Pincus, Esqs. relocated from Clifton, NJ to 3,400 square feet at 300 Broadacres Dr. in a multi-year lease.
Since acquiring the four-building BroadAcres Office Park in 2006, Prism Capital Partners has completed major capital improvements, including the creation of an outdoor courtyard and patio area, and full lobby updates at 300 and 400 Broadacres. Classic Caf
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