“Once the headquarters for ExxonMobil International, Park Place is now an impressive campus for the corporate community,” Kirschner said. “With an investment of $22 million, Advanced Realty Group raised the property to Class A status and made it a destination of choice for major corporations.”
In fact, the campus is now home to Altana Pharma’s U.S. headquarters, Lehman Brothers, Global Crossing and other prestigious companies. It is also an economic boon to the local community, creating 693 full-time jobs.
According to its nominator, Florham Park Mayor Frank Tinari, the redevelopment has enriched the tax base of the community by producing a significant new ratable as well as eliminating a potential eyesore. “The redevelopment is also in keeping with New Jersey’s philosophy of concentrating development in areas with existing infrastructure, thereby avoiding the pitfalls of suburban sprawl,” he said.
Rotwein & Blake Associated Architects P.A. of Livingston designed the buildings and Bovis Lend Lease Inc. handled the renovations.
The New Good Neighbor Awards Luncheon annually brings together a dynamic group of builders, architects, engineers and others in the development community to honor those responsible for the State’s most impressive new commercial construction and renovation projects. An independent panel of 23 judges selected the 12 winners based on economic impact, architectural merit and community involvement. In all, 29 applications representing more than $600 million in construction costs and 7,000 jobs were submitted.
With more than 23,500 members, NJBIA is the nation’s largest state-level employers association. New Jersey Business magazine is NJBIA’s flagship publication. |
