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BroadAcres Office Park
Bloomfield, NJ

Following 11 years of ownership, Prism and its institutional partner in 2017 sold the landmark, 380,000-square-foot BroadAcres Office Park in Bloomfield to P3RE. The four-building, 20-acre property is ideally located along the Garden State Parkway, between exits 151 and 153, near the interchanges of routes 3 and 46.

Prism, which is headquartered onsite at 200 Broadacres Drive, continues as BroadAcres Office Parks' exclusive leasing and onsite managing agent on behalf of P3RE. The new ownership's immediate plans include a major capital improvement program including new parking lots, exterior lighting, a new fitness center and gym, and the remodeling of the café and conference center, which Prism Construction Services is overseeing.

Prism initially purchased BroadAcres Office Park in 2006, and since then has established the campus as a high-quality and lower-cost option for small and midsize users. A program of property enhancements and a focus on service has resulted in a tenant retention rate of over 90 percent under the firm's tenure.

Each building at BroadAcres Office Park offers approximately 94,000 square feet of space and a distinct identity that sets the campus apart from other area corporate facilities. The modern, park-like campus setting features striking building facades, a reflecting pool and fountain, and beautifully manicured grounds. Tenants also enjoy available conference space and upscale, and specialty sit-down food service.

The property sits amidst an affluent population via neighboring Montclair and Essex Fells, and has numerous walkable amenities and access to NJ Transit rail and bus service. Its location provides unparalleled access to northern and central New Jersey, with excellent access to Manhattan as well.

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200 Broadacres Drive
300 Broadacres Drive
400 Broadacres Drive
1455 Broad Street