SECAUCUS, NJ – Marcus Partners, in a venture with Prudential Real Estate Investors, is acquiring and rebranding 500 Plaza Drive, a class A, 450,000 square foot office tower located in Secaucus, NJ. Marcus says it will invest $15 million in renovation of the lobby and construction of new conference and fitness centers, and a full service café. Plans also include construction of a new 250-space parking structure and 30 new visitor parking spaces in front of the building.

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

“500 Plaza is a transportation-oriented 'Urban/Suburban' property directly connected to Midtown Manhattan via both bus and rail services provided by NJ Transit, which makes it attractive to companies looking for close ties to Manhattan with the conveniences and lower costs of a suburban setting,” says David Fiore, Director of Marcus Partners' Metro New York office. “It is unique in that it is also set in a somewhat urban environment that has nine hotels, over 25 restaurants and cafes, retail stores and entertainment, all at its doorstep in Harmon Meadow. We are very pleased to partner with Prudential Real Estate Investors on this unique opportunity and look forward to being able to offer tenants a truly exceptional headquarters quality property.”