HQ to ON3: Prism Capital Partners relocates to Nutley

Reflecting on a significant period of growth, Prism Capital Partners said Friday that it moved its headquarters from Bloomfield to ON3, the commercial real estate owner/operator’s 116-acre redevelopment spanning the Township of Nutley and City of Clifton.

The relocation to 200 Metro Blvd. serves to unify the company’s operations at this flagship project.

Edwin Cohen, Prism Capital Partners LLC principal.

Edwin Cohen, Prism Capital Partners LLC principal.

“We are excited to officially call ON3 our home and become an even more active member of the vibrant, growing community here at ON3,” said Edwin Cohen, principal partner. “The synergy of having all of our team members under one roof is a real plus as ON3 and Prism’s other regional projects move forward.”

Cohen added that the firm’s long-term plan is to design and develop a new Prism headquarters building on the ON3 campus.

Since Prism’s 2016 acquisition of the ON3 site, the tenant population has experienced a flurry of activity at the former Hoffmann-La Roche grounds. High-profile companies across a range of sectors have moved onto the campus including a blue-chip list of corporate, life sciences and educational tenants. Prism expects that more than 5,500 people will be employed at ON3 by 2021.

In December the Ralph Lauren Corp. took full-building occupancy at the adjacent, newly renovated 100 Metro Blvd. That month also saw the opening of the property’s first parking garage – a 2,500-space structure serving both 100 and 200 Metro Blvd.

At 200 Metro Blvd., Prism has removed the original east-facing marble façade and is replacing it with a new curtain-wall glass exterior. This will match the northern and southern facades, and create enhanced views of the Manhattan skyline. Other renovation work is underway, readying the building for additional future tenants. Outside, Prism is creating a courtyard with communal areas for social and business gatherings.

Linda Lindner
Linda Lindner covers real estate and is the managing editor for NJBIZ.

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