NEWARK, NJ—Apparently running short of space for its burgeoning staff in a new corporate tower nearing completion, Prudential Financial has extended its lease at Two Gateway Center. It's the second lease Prudential has decided to extend in the Gateway Center complex. Last month, Prudential extended its lease at Three Gateway Center, as reported by GlobeSt.com previously.
Two Gateway will continue to house the global insurance and asset management firm on multiple floors under the terms of the ten-year lease.
Prudential's decision to retain significant space in both Gateway buildings suggests that the firm's staff growth in the past several years has outpaced the space it designed into its new corporate tower nearing completion near the Gateway complex. Prudential was originally expected to vacate the space in both Gateway towers as it consolidated staff in the new building.
“We're excited to continue our relationship with Prudential, which has displayed such a staunch commitment to the City of Newark over the years,” said Ben Korman, co-founder and principal of C&K Properties. “Two Gateway's superior location and infrastructure will enable the company to seamlessly continue to provide outstanding service in the region for years to come.”
Part of Newark's 2.6 million-square-foot Gateway Complex, Two Gateway Center is centrally located in the city's downtown business district along Market Street between McCarter Highway and Mulberry Street.
Recently, Two Gateway achieved WiredScore's first Platinum certification in the state of New Jersey. A Platinum certification guarantees choices when selecting an Internet service provider, full distribution of fiber connectivity throughout the building, best in class infrastructure to ensure protection against service interruptions, and administrative best practices to streamline tenants' ability to get connected.
Two Gateway Center also provides an innovative Incentives Concierge Program and mobile app, through which brokerage professionals and companies can obtain free, customized analysis of the cost savings for prospective tenants under the New Jersey Economic Opportunity Act of 2013.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
