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Real Estate Journal — Northern New Jersey — June 14 - 27, 2019 — 5B
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LIFTON,NJ — Prism Capital Partners has retained Chicago- Two new towers will add 400,000 s/f of HQ-grade space at 116-acre campus Prism Capital Partners retains Goettsch Partners to designfirst ground-up office development at ON3 C Shanghai and Abu Dhabi. certified 200 Metro Blvd. tow- er continues to draw strong interest.
Located on Rte. 3 just nine miles from Manhattan, ON3 has drawn significant interest from industry-leading firms in a range of sectors, and Prism’s office development plan reflects an increasing appetite for new, top-caliber space, according to Diaz. “For many years, office projects in New Jersey have centered on the repositioning of aging suburban campuses,” he said. “Our planned ground-up de- velopment at ON3 is the direct result of unprecedented inter- est and space inquiries from corporate tenants.” Already, ON3’s existing office inventory – located on the Nutley side of the cam- pus – has benefited from this stepped-up demand. In 2018, The Ralph Lauren Corpora- tion signed a full-building commitment for 100 Metro Blvd. Next door, the LEED-
The former Hoffmann-La Roche North American Head- quarters campus redevelop- ment quickly has established a draw for life sciences as well. Quest Diagnostics is constructing a 250,000 s/f, state-of-the-art diagnostic testing facility at ON3. The property also houses Modern Meadow, Hackensack Meridi- an School of Medicine at Seton Hall University, Hackensack Meridian’s NIH-designated Clinical Research Center, and Seton Hall University’s Graduate College of Nursing and School of Health and Medical Sciences. Prism expects that corporate tenants and users will employ more than 5,500 people at ON3 by 2021, while the ongoing re- development is creating hun- dreds of construction jobs.
based archi- tectural firm G o e t t s c h P a r t n e r s to design a new class A office com- plex at ON3, announc ed Prism’s Eu-
Eugene Diaz
gene Diaz , principal partner. The planned development of two towers would add 400,000 s/f of office space to the Clifton side of the 116-acre cam- pus, which also spans Nutley Township. “This project could mark the first new trophy-grade, multi-tenant construction that the Northern New Jersey office market has seen in quite some time, and it is a true indicator of what’s to come,” said Diaz. “We are thrilled to
200 Metro Blvd.
retain Goettsch Partners – a firm known for creating inno- vative, headquarters-quality structures of the finest class – as architect.” Goettsch Partners’ portfolio of completed and active proj- ects spans five continents,
representing a diverse range of types and sizes. Goettsch Partners, through a progres- sion of leadership transitions, traces its roots to 1938 when Mies van der Rohe established his design practice in Chicago. The firm also has offices in
The intersection of urban vitality and suburban flexibility sits just nine miles from Manhattan at Prism Capital Partners’ ON3. A growing roster of prestigious organizations is gravitating to New Jersey's largest redevelopment, rapidly securing its future as a world-class, next-generation campus.
Ralph Lauren Corporation · Quest Diagnostics · Modern Meadow · Hackensack Meridian School of Medicine at Seton Hall University · Hackensack Meridian NIH-designated Clinical Research Center · Seton Hall University Graduate College of Nursing and School of Health and Medical Sciences
These users – and others to come – are propelling ON3 forward as a benchmark in New Urbanism and public/private partnership. Office and R&D, recreation, hospitality, wellness options and more ultimately will come together at ON3 for a true mixed-use, 24/7 environment spanning the Township of Nutley and City of Clifton.
More information regarding Prism and its projects can be found at: prismpartners.net | (201) 567-2711
Edwin H. Cohen Principal
Eugene R. Diaz Principal
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