Principals investing $4.5 million to upgrade facility, add unique amenities such as an upscale lounge with espresso bar, co-working offices, conference/training center, an art studio and bike sharing program
WOODBRIDGE, N.J. October 18, 2017 – What was once a 3-building office complex nestled in a former Mack-Cali corporate campus in Parsippany, N.J. will soon become one of the hottest places to “live, work and play,” thanks to a $4.5 million capital improvement program and new state-of-the-art building upgrades and upscale amenities.
Bergman Real Estate Group, in partnership with Time Equities, Inc., today announced its plans to introduce nearly a dozen trendsetting amenities to 4, 5 and 6 Century Drive, now known as “Century Campus.” The 280,000-square-foot office park is comprised of three class B buildings, acquired last year from Mack-Cali by Bergman Real Estate Group and Time Equities, Inc. The property was 50 percent leased at the time of acquisition.
According to Michael Bergman, president and CEO of Bergman Real Estate Group, Century Campus reflects a 21st-century approach to the work environment which has dedicated space for work and play, an inspiring environment which encourages productivity while retaining a commanding professional presence. These amenities include:
• A 4,500-square-foot executive lounge with a staffed espresso bar
• Media center with state-of-the-art screens and other multimedia equipment
• Seating areas outfitted with modern, comfortable furniture
• Co-working executive suites with glass walls sized for startups and entrepreneurs
• Game area with ping-pong and pool tables, TV and seating areas
• Shared conference and training center which tenants can use for large meetings, training sessions and more
• An art studio with instruction from local artists
• Upgraded full service Café with new seating and decor
• A massage room
• An app-based bike-sharing program which tenants can use to ride to lunch or travel around Century Campus
• Newly landscaped grounds with walking paths, seating areas and a Bocce ball court
• A fully-equipped gym and yoga studio coming in 2018
“The suburban office market needs to adapt and change to support how people work today,” Bergman said. “We’re creating a space for people not only to relax and help their productivity, but where they can actually conduct business or hold meetings as well,” Bergman said. “Such a state-of-the-art environment is not only impressive to clients, but inspiring for the people who work there. We’re seeing this trend not just in New Jersey, but all throughout the country, and we are proud to create such a positive working atmosphere for current and future tenants alike at Century Campus.”
The game room, media center and executive lounge are slotted to open November 1, while the others will be completed in phases over the next several months. The bike sharing program is already available to Century Campus tenants. According to Bergman, Century Campus will also undergo head-to-toe internal and external renovations. Extensive upgrades and renovations are being made to the buildings’ lobbies, corridors and bathrooms, as well as to landscaping, outdoor pathways and parking lots. The renovations and amenities are already having a positive impact on Century Campus. Several new long-term leases have been signed since acquiring the property a year ago, improving the occupancy.
“People spend their day at the office, so we want to make it as pleasing and comfortable as possible,” Bergman said. “All the services one could possibly need to be comfortable are located in one place.” Century Campus is located near the intersection of Route 10 and Route 202, close to three of the state’s most highly traveled highways – Interstates 287, 80 and 280. The complex is five minutes from the Morristown train station, a 35-minute drive to New York City and is close to Newark-Liberty International Airport.
Century Campus offers flexible floor plans with current availability ranging from 2,000 square feet to full-floor occupancies up to 35,000 square feet and a contiguous block of 60,000 square feet. For more information, visit www.bergmanrealty.com.
About Bergman Real Estate Group
Founded in 1988, Bergman Real Estate Group is a privately owned, full-service real estate investment and management company, with more than 28 years of operating history in New Jersey and other select markets. The company’s fully integrated platform includes acquisition, ownership, asset and property management, leasing and construction supervision. Bergman, which has built its success on acquiring and successfully repositioning underperforming properties, currently owns and manages 18 office buildings comprising 2.1 million square feet.
About Time Equities, Inc.
Founded in 1966, privately-held Time Equities, Inc. (TEI) has been in the real estate investment, development and asset & property management business for 50 years. With properties in 26 states, four Canadian provinces, Germany and the Netherlands, the TEI portfolio consists of approximately 23.4 million square feet of residential, industrial, office and retail property.