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Bergman and Time Equities Unveil “Live, Work And Play” Office Complex in Parsippany

Espresso bar and lounge at  Bergman/Time's "Century Campus" makeover in Parsippany, NJ Espresso bar and lounge at Bergman/Time’s “Century Campus” makeover in Parsippany, NJ

PARSIPPANY, NJ—Bergman Real Estate Group and Time Equities are investing $4.5 million in a makeover of a three-building office complex in a former Mack-Cali corporate campus in Parsippany, NJ that is expected to create an attractive “live, work and play” environment.

Bergman and Time are planning nearly a dozen new amenities to 4, 5 and 6 Century Drive, now known as “Century Campus.” The 280,000-square-foot office park incorporates three class-B buildings, acquired last year from Mack-Cali Realty Corporation. The property was 50 percent leased at the time of acquisition.

Century Campus reflects a 21st-century approach to the work environment, with dedicated space for work and play, and an environment that encourages productivity while retaining a professional presence, according to Michael Bergman, president and CEO of Bergman Real Estate Group.

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

Three properties sold by Mack-Cali to TEI Equities are 4 Century Drive (top left), 5 Century Drive (bottom left, and 6 Century Drive (right), in Parsippany, NJ Three properties sold by Mack-Cali to TEI Equities are 4 Century Drive (top left), 5 Century Drive (bottom left, and 6 Century Drive (right), in Parsippany, NJ

“The suburban office market needs to adapt and change to support how people work today,” Bergman says. “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. 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.”

The game room, media center and executive lounge will 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 Bergman and Time 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 says. “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.

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