A rendering of Ironside Newark — Courtesy: Edison Properties
By Joshua Burd
A law firm is set to relocate to Edison Properties’ Ironside Newark project, as the developer also prepares to move its own headquarters to the rehabilitated former warehouse building.
Edison Properties announced this week that Pearlman & Miranda has signed a lease for 7,296 square feet at the property at McCarter Highway and Edison Place. The firm will move from Bloomfield to its new space on the property’s third floor.
The developer will also join Pearlman & Miranda on the third floor early next year when it relocates from its longtime headquarters on Washington Street in Newark. The company will occupy 39,709 square feet at the adaptive reuse property.
“We’re proud to bring Pearlman & Miranda, a woman and minority-owned business, to Ironside Newark,” said Michael Sommer, Edison Properties’ executive vice president of development. “In today’s market, executives across industries, from law to technology and beyond, are finding modern loft-style offices with open ceilings, exposed mechanical systems, polished concrete floors and rooftop terraces attractive for their companies.
“Since day one, we were confident that the unique space at Ironside would resonate with a wide variety of prospective tenants, and our partnership with Pearlman & Miranda is proof positive that those convictions were correct.”
Both will join Mars Wrigley Confectionary U.S. at Ironside Newark, following news earlier this year that the iconic candy company would move its North American headquarters to the building. Edison began redeveloping the 110-year-old former warehouse last year, marking the city’s first speculative office project in more than 30 years and clearing the way for 456,000 square feet of modern loft-style and penthouse offices.
Today, the office space is 72 percent leased.
“Pearlman & Miranda’s move to Newark reinforces what all of us in Newark have known for some time — that our city is now a prime destination for 21st century businesses and workers alike,” Newark Mayor Ras Baraka said. “Through our belief and support for Edison Properties and innovative projects like Ironside Newark, we are better positioned than ever to attract new jobs and continue on our path to becoming a true 24/7 city.”
Founded in 2014, Pearlman & Miranda has practices area including public finance, redevelopment, renewable energy, trusts and estates, civil litigation, social investment, bankruptcy and restructuring, horse racing and real property taxation.
“As we began our search for a new headquarters, it quickly became apparent that Ironside Newark was exactly the kind of first-class, modern venue we were looking for,” said Isabel Miranda, managing partner at Pearlman & Miranda. “Between its prime location, high-speed internet capability and access to all of downtown Newark’s shopping, dining and cultural attractions, our new home at Ironside will allow our firm to continue to grow and thrive for years to come.”
Designed by Perkins Eastman, Ironside Newark benefits from its location adjacent to Newark Penn Station and an 18-minute train ride into Manhattan. The project also calls for retail and restaurant space that will front on both Edison Place and Mulberry Commons Park, providing a direct link between Ironside Newark and Newark Penn Station, the Prudential Center the Ironbound neighborhood.
“Edison Properties traces its beginnings to a single parking lot in Newark more than 60 years ago, and has always remained deeply committed to the city’s success,” Edison Properties Executive Chairman Robert Selsam said. “We are extremely excited to start a new chapter in our company’s history at Ironside Newark, and continue playing a role in Newark’s resurgence.”