Prism Capital Partners announced Friday it received full approvals to expand and modernize an office property in downtown Morristown.
The vertical addition of two, 12,000-square-foot floors will yield a six-story, 70,000-square-foot Class A office building.
The property at 21 South St. is right near the Morristown green.
“This is an excellent building in an excellent location, just steps from Morristown Green,” said Prism’s Edwin Cohen, principal partner. “The expansion will maximize the site’s potential, and the renovation work will incorporate features like a two-level atrium lobby and high-end finishes to enhance its image.”
“Walkable, transit-oriented downtowns will continue to dominate in the coming years, as employers seek locations that provide recruiting advantage,” Cohen said. “Based on the high level of interest we are seeing already from major office users, we anticipate 21 South Street will both contribute to and benefit from Morristown’s sustained appeal in this regard.”