PRISM ACQUIRES CARTERET INDUSTRIAL PROPERTY TO RELOCATE TENANT FROM PARKWAY LOFTS REDEVELOPMENT SITE

CARTERET, N.J. – November 28, 2011 – (RealEstateRama) — Prism Capital Partners, LLC, has acquired a 230,000-square-foot industrial building at 700 Blair Road in Carteret for the purpose of relocating Berjé Inc.’s headquarters to the property from its Parkway Lofts site in Bloomfield. The move represents an expansion for Berjé, a global distributor of essential oils and aromatic chemicals, and paves the way for the start of construction for Parkway Lofts, a multi-family adaptive reuse project.