Prism refinances office, 399 Jefferson in Parsippany

By Emily Bader
Parsippany | Jul 19, 2019 at 3:00 am

Bloomfield-based Prism Capital Partners, a real estate owner and developer, announced Thursday it has secured a new mortgage loan for 399 Jefferson Road in Parsippany. Prism initially purchased the Class A building in 2003, it said.

“The time was right to refinance, and we saw aggressive interest from the financial markets for this high-quality property,” Eugene Diaz, principal partner, Prism, said.

The property currently serves as EBI LLC’s 102,000-square-foot headquarters. EBI is a subsidiary of Biomet Spine & Bone Health Technologies. It was also home to Pinnacle Foods before it was acquired by Conagra Brands and relocated out of state. The building currently has an available, 104,000-square-foot office space, Prism said.

Emily Bader | ebader@roi-nj.com | emilybader