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Edison Properties makes it official: It’s moving its HQ to Ironside Newark

Edison Properties, the privately owned real estate holding and development company that has had a presence in Newark for more than 60 years, officially announced it will be moving its headquarters to Ironside Newark, the former warehouse the company is modernizing into a state-of-the-art office complex.

The move, long expected, will take place in early 2019.

Edison Properties Executive Chairman Robert Selsam said the move reinforces the company’s longtime commitment to Newark.

“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,” Selsam said in a statement.

“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.”

Edison Properties’ new offices will occupy 39,709 square feet. It is relocating from its longtime office space on Washington Street.

The company began redeveloping the former Newark Warehouse into Ironside Newark — the city’s first speculative office project in more than 30 years — in Spring 2017.

The property has attracted several tenants, including Mars Wrigley Confectionery’s North American headquarters. Its latest tenant, Bloomfield-based law firm Pearlman & Miranda, also was announced Thursday.

Edison Properties said the building’s state-of-the-art loft-style office space is 72 percent leased.

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Bloomfield law firm Pearlman & Miranda moving to Newark

Law firm Pearlman & Miranda is moving to Newark, becoming the latest office tenant at Ironside Newark, the firm announced Thursday.

The Bloomfield-based firm’s new offices will occupy 7,296 square feet on the third floor of Ironside Newark.

Ironside Newark is the former Newark Warehouse that is being redeveloped by Edison Properties into a state-of-the-art, loft-style office space. The mixed-use project will anchor Mulberry Commons, the park that is intended to connect the Prudential Center to the Newark Penn Station. It is situated directly adjacent to Newark Penn Station.

Pearlman & Miranda Managing Partner Isabel Miranda said the firm, founded in 2014, was ready to make a move.

“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,” she said in a statement.

“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.”

Pearlman & Miranda specializes in public finance, redevelopment, renewable energy, trusts and estates, civil litigation, social investment, bankruptcy and restructuring, horse racing and real property taxation.

Edison Properties’ Executive Vice President of Development Michael Sommer said Pearlman & Miranda will be a perfect addition to the building.

“We’re proud to bring Pearlman & Miranda, a woman- and minority-owned business, to Ironside Newark,” Sommer said. “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.

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