NEWARK, NJ—In an unexpected boost for a property that expected Prudential Financial to vacate half a million square feet of space in the coming year, Prudential has signed a least to maintain a 160,000-square-foot presence at Three Gateway Center in Newark.
Prudential was expected to relocate all of its offices in Three Gateway to a new, 740,000-square-foot, 20-story office tower it is building on Broad Street across from Military Park. The new building is expected to be completed in the summer of 2015.
Tahl Propp Equities of New York, which owns Three Gateway Center, orchestrated the long-term lease extension with Prudential.
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