The Connell Company's Round Table Workspaces
The Connell Company is on the brink of reaching full occupancy at its Round Table Workspaces, located in the newly revamped park area known as The Park in Berkeley Heights, New Jersey. With a significant renovation investment that exceeded $100 million, this workspace spans an impressive 1.5 million square feet, aiming at transforming the conventional office setup into a rejuvenating work environment, often referred to as a "work resort."
In a bold move towards reimagining the modern work life, The Connell Company has made substantial upgrades to the design and services provided at these workspaces. This transformation includes enhanced hospitality-focused amenities that cater to various corporate needs. Recently, significant companies like Blackstone, a premier alternative asset manager, and Kennedys, a globally recognized law firm, have committed to long-term leases exceeding 25,000 square feet, transitioning from their previous office locations in New Jersey.
As of now, the Round Table Workspaces boasts an impressive occupancy rate of about 97%. This collaborative environment has attracted prestigious organizations such as Hewlett Packard Enterprise, L'Oreal, Aon, and Samsung. The workspace is also home to Round Table Studios (RTS), a unique co-working option offering premium culinary, wellness, and social amenities. With a current membership of around 560 individuals and diverse companies, RTS is also nearing full occupancy, showcasing the growing demand for such innovative workspaces.
With demand for remaining office spaces surging, The Connell Company eyes its next developmental phase, focusing on enhancing the retail facets of The Park. The introduction of new retail concepts, including Emberside Brewery and Rosa Azul, marks a fresh chapter in the park’s development, alongside the marketing of an additional 65,000 square feet aimed at creating a vibrant retail environment.
As a mixed-use destination, The Park introduces national brands like Life Time Fitness, Starbucks, and Embassy Suites Hotel. Notably, a wellness spa, Bathhouse, is under construction, with plans for an upscale environment featuring comprehensive recovery amenities and treatment rooms. Further additions are planned, which includes a national grocery store and various lifestyle-focused retailers.
Shane Connell, Executive Vice President at The Connell Company, remarks, “Our vision for The Park is to establish a lively, multi-faceted destination that seamlessly integrates living, working, dining, and shopping into one vibrant community.”
The Park is currently engaged with Capricorn Retail Advisors to oversee its retail leasing operations, leveraging their extensive industry expertise to maximize the site’s potential. Larry Weinstein, the Principal at Capricorn, expresses enthusiasm about the partnership, stating, “The Park is gaining traction among national brands, positioning it as a prime site for emerging retail concepts.”
In summary, The Connell Company’s innovative approach at Round Table Workspaces is not just about office space; it’s about reimagining the workplace as a luxury resort-like experience that meets the evolving needs of modern professionals. As they work towards the full realization of their vision, The Park is set to stand as a testament to future-focused, integrated living and working environments in New Jersey.
To explore more about The Park, including upcoming retail opportunities or details about RT Workspaces, visit their respective websites. An evolution is underway that seeks to redefine the typical workday into an invigorating lifestyle experience.
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