News

Prism Capital Partners has sold a 102,000-square-foot office building in Parsippany to a global fragrance and flavor company, allowing the business to relocate its U.S. headquarters to the property.

Prism Capital Partners has sold 339 Jefferson Road in Parsippany to Mane USA. A worldwide leader in the fragrance and flavor industry, the French company will relocate its U.S. headquarters to the Class A office property from Wayne as owner/occupier.

More than 800 members of the New Jersey commercial real estate community turned out to celebrate the industry at NAIOP New Jersey’s 30th Annual Awards Gala on May 11

Before thanking a long list of executives, attorneys and others who are behind one of New Jersey’s largest redevelopment projects, Eugene Diaz made mention of the company that gave rise to the opportunity in the first place.

Bloomfield-based Prism Capital Partners has recently announced it selected Ripco Real Estate to handle retail leasing for the Shops at Edison Village, a mixed-use development under construction in West Orange.

Prism Capital Partners has named Cushman & Wakefield as exclusive office leasing agent for its historic redevelopment to be branded ON3. With master planning underway, the 116-acre former Hoffmann-La Roche Inc. North American Headquarters campus, spanning the Township of Nutley and the City of Clifton, represents New Jersey’s largest contemplated redevelopment.

People will be able to Create, Learn, Work, Connect, and Ideate on Prism’s development on the former Roche Campus. A billboard announcing the name ‘On 3’ was recently installed.

The redevelopment of the former Hoffman-La Roche campus, which officials said is well under way, is expected to create as many as 8,000 jobs, according to Nutley township attorney Alan Genitempo.