Edison Village, Prism Capital Partners’ adaptive reuse project at the site of a historic Thomas Edison factory complex in West Orange, includes 18,400 square feet of ground-floor retail and health care space along Main Street. — Courtesy: Prism
By Joshua Burd
Three new retail tenants are coming to Edison Village, the recently opened, mixed-use property at the site of a historic Thomas Edison factory complex in West Orange.
Prism Capital Partners, which led the restoration and redevelopment project, announced this week that BK Lobster, SportsMed Physical Therapy and Golden Aide Health & Pharmacy have leased a combined 7,700 square feet at the Main Street location. The operators are slated to open in late winter or early spring 2022, drawing new traffic to what’s known as The Shoppes at Edison Village and supporting the site’s 334 luxury rental homes.
“Prism is thrilled to welcome these value-add retail tenants to the dynamic Edison Village community,” said Jon Hoff, Prism’s senior vice president for management services. “Each will serve the local community while providing an added amenity and convenience for residents at Edison Lofts, which reached full occupancy this fall.”
Ripco Real Estate’s Deb Stone represented Edison Village in the deals with BK Lobster and Golden Aide Health & Pharmacy leases, while Judith Feldman and Jeannette Melillo of Newmark Associates represented ownership in the SportsMed lease. The transactions have helped fill some of the 18,400 square feet of retail and health care space within the 21-acre property, which sits just west of the township’s border with Orange.
BK Lobster, which originated in Brooklyn, will bring its fast casual menu of lobster rolls and other lobster specialties to a new 3,000-square-foot storefront at Edison Village, with outdoor seating, according to a news release. Meantime, Golden Aide Health & Pharmacy committed to 1,700 square feet, where the local independent operator will fill prescriptions and offer a range of health and wellness products.
SportsMed Physical Therapy will also occupy 3,000 square feet, adding to a footprint that includes two dozen locations in New Jersey and Connecticut, Prism said. The business will provide physical therapy, chiropractic services and acupuncture, among other offerings.
Prism noted that adjacent, enclosed parking is available for Shoppes at Edison Village customers and tenants and that other deals in the works.
“We are working on a couple of proposals with restaurateurs that we are excited about,” Hoff added. “In addition to its appeal for traditional retail, The Shoppes’ state-of-the-art mechanics and high ceilings create an ideal environment for medical users as well.”
Nearly two decades in the making, Prism’s efforts at the site have helped revitalize the once-crumbling, 400,000-square-foot Edison Battery Factory building. The new-look property includes 300 luxury apartments known as The Residences at Edison Lofts, which occupy space within the historic complex, along with a ground-up collection of 34 homes known as The Mews at Edison Lofts.