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Reverse mortgage firm opens headquarters in Bloomfield, bringing 50 jobs to N.J.

Emily Bader//September 16, 2014

Reverse mortgage firm opens headquarters in Bloomfield, bringing 50 jobs to N.J.

Emily Bader//September 16, 2014

Commercial real estate services firm Colliers International announced Monday it has arranged a long-term lease for a reverse mortgage provider’s new headquarters in Bloomfield.Reverse Mortgage Investment Trust Inc. will reside in 16,606 square feet on the second floor of the four-story, 94,960-square-foot office building at 1455 Broad Street. It is the company’s first consolidated headquarters, Colliers said.

“This Class A space is a great fit for the growing firm, which will have more than 50 employees stationed here,” Richard J. Madison, a Colliers executive managing director, said in a prepared statement. “In addition to the building’s prime location and easy access to the Garden State Parkway, Route 3 and Route 46, this space was highly appealing to the tenant as it had undergone an above-standard, high-end build out by the previous tenant.”

The property is one of four buildings at BroadAcres Office Park, owned by BR/Prism Central Park Owner LLC, and operated by Prism Capital Partners LLC.

Principal Edwin Cohen represented Prism Capital Partners in-house, and Madison represented Reverse Mortgage in the transaction.

Reverse Mortgage Investment Trust Inc. also has offices throughout New York state.

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