42C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal
The BEST REDEVELOPMENT/ADAPTIVE REUSE SPECIALIST of 2019 Prism Capital Partners
Wonder Lofts (Hoboken, NJ)
The BEST SPECIALTY BUILDING-PRODUCT DISTRIBUTOR of 2019 Michael Halebian & Company Commercial Flooring Products Carlstadt, NJ Prism Capital Partners is one of New Jersey’s most active and respected developers focusing on the adaptive re-use and repurposing of excess corporate facilities and turn-of-the-century industrial buildings. Current high-profile projects include ON3 (Nutley/Clifton, NJ), Wonder Lofts (Hoboken, NJ) and 10 Green at Woodbridge Station (Woodbridge, NJ). Prism’s principal partners view their role in the positive light of working to help municipalities reestablish themselves and their local economies by revitalizing dormant and underutilized sites. Not many people understand the enormous financial risk a firm like Prism undertakes when it purchases vacant, negative cash-flow properties. In addition to the monthly carry costs, there is a significant amount of capital investment that is necessary to turn vacant excess corporate real estate into stabilized income-producing assets. ON3 (Nutley/Clifton, NJ) 10 Green at Woodbridge Station (Woodbridge, NJ)
At the core of Michael Halebian & Co’s hard-earned reputation is a talented in-house team of flooring specialists and specification professionals committed to assisting customers identify and procure the most cost-effective, high-quality products in the most expedient manner.
MHCO specializes in exclusive and premium resilient and pre-finished hardwood flooring product lines, preparation products and accessories. They provide in-house expertise in the latest product applications, benefits, ratings and features such as sustainability, reclamation and sound transmission as well as best-in-market roll outs through seminars, installation clinics, CEUs and design consultations. The company’s in-house experts advise a diverse customer base throughout the Mid-Atlantic Region, including New Jersey, Philadelphia and Northern Delaware as well as the entire Northeast. In addition to their Carlstadt, NJ headquarters, the company maintains two design showrooms, including one in Bensalem PA, to address the highly unique needs of the A&D community.
Throughout its history, which spans three generations, MHCO has steadily emerged to dominate the commercial flooring niche, from healthcare and education properties to commercial offices, retail centers and multi-family housing. During 2019, multiple vendors recognized MHCO with their respective Distributor of the Year awards.
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