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Prudential Real Estate Investors Opens HQ in Madison

Ribbon cut at Giralda Farms office.

Prudential Real Estate Investors officially opened its new corporate headquarters in Madison on Friday after nearly 15 years in its previous location six miles away in Parsippany.

The real estate investment and advisory business of Prudential Financial Inc. moved to 7 Giralda Farms, where the company is using more energy efficient offices, according to a PREI news release.

PREI is seeking LEED Platinum certification for its headqaurters in keeping with its socially responsible investment policy adopted in 2011, the company said.

“In considering options for a new corporate headquarters, we wanted to create a space that improves our work environment while at the same time reflects the high standards and professionalism our clients have come to expect from one of the largest real estate investment firms in the world,” Allen Smith, CEO of PREI, said. “In seeking LEED Platinum certification, we look to demonstrate our commitment to a socially responsible investment policy for properties within our global portfolios.”

PREI’s new offices are located in a building built in 2000. The location features a more open floor plan and convenient access to New York City, the news release said. It has covered parking, direct elevator access and is 1.5 miles from the Convent Station train station, which provides direct access to Midtown Manhattan. An employee shuttle is available between the office and the train station, and a cafeteria and exercise facility is also available, the news release said.

PREI moved to the wooded office park from its previous location at 8 Campus Drive in Parsippany.

Giralda Farms, originally the estate of Geraldine Rockefeller Dodge, the daughter of financier William Rockefeller and the wife of Marcellus Hartley Dodge, chairman of the Remington Arms Company, also is home to several other large, well-known firms, the news release said.

jerry stevenson June 13, 2012 at 07:53 PM
Nice to see Prudential Real Estate filling up 7 Giralda. Believe this is a 150000 square foot building. Is Prudential taking all the space? Now to keep our fingers crossed on who Pfizer eventually sells their "animal health" business to.

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