393,000 SF Campus in Bloomfield, N.J., Sees Continued Success Under New Ownership
BLOOMFIELD, N.J., Sept. 18, 2018 – Cushman & Wakefield has been named the exclusive leasing agent for P3 Properties’ BroadAcres Office Park in Bloomfield. The appointment comes at a time of notable progress at the high-profile, 393,000-square-foot office campus.
P3 Properties acquired the four-building complex last year, and occupancy already has risen over 13 percent. Harvey Rosenblatt, P3 founder, credits this momentum to competitive lease terms and significant property upgrades.
“Simply put, we are successfully leveraging the potential we saw from the outset at BroadAcres,” he noted. “We are working hard to create an affordable, attractive environment with amenities that today’s tenants want. We are pleased to welcome Cushman & Wakefield to the team as I know they will help us take BroadAcres to the next level.”
Cushman & Wakefield’s Managing Director Ben Brenner and Associate MariaGrace Iantosca, are heading the BroadAcres Office Park leasing assignment. “BroadAcres enjoys a storied reputation as a preferred destination for sophisticated corporate users seeking accessibility, a distinct identity and aggressive business terms,” Brenner said. “Our team at Cushman & Wakefield is thrilled to be partnering with P3 Properties to build upon that history and finalize the lease-up of the complex.” This is Cushman & Wakefield’s first agency leasing assignment with P3 Properties in New Jersey.
To date, P3 Properties has introduced a full-service fitness center, new campus signage, resurfaced parking lots and an updated exterior lighting program at BroadAcres Office Park, with ongoing common area enhancements and additional amenities planned. The 20-acre property – which sits along the Garden State Parkway between exits 151 and 153 – features striking building facades, manicured grounds and a courtyard with a reflecting pool and fountain. Tenants also enjoy multiple onsite food service options and available conference space. Walkable neighborhood amenities include a grocery store, restaurants and retail, as well as NJ Transit rail and bus service.
The Cushman & Wakefield team is marketing units of availability that range from 1,000 square feet to a full floor of 26,000 square feet at BroadAcres Office Park, which serves as home to household name tenants like Randa Luggage, Dewberry Engineers, Munzing and Reverse Mortgage Funding. “BroadAcres Office Park lends itself to accommodating tenants of all sizes, which further distinguishes it within the immediate marketplace. P3 Properties is truly delivering on their mission to provide the ultimate work environment to all corporate users located in their properties” Brenner noted.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.