Advance Realty’s One Gateway Center in Newark Designated as a BOMA 360 Performance Building
Premier Office Tower Now Member of BOMA International’s First Class of 360 Performance Buildings
One Gateway Center, Advance Realty’s well known office building in downtown Newark, N.J., is one of just 23 buildings that was recently honored on June 29 amongst Building Owners and Managers Association (BOMA) International’s first class of 360 Performance Buildings.
Selected by the BOMA International 360 Performance Program Council, honorees such as One Gateway Center were recognized for maintaining the industry’s best practices in building management and operations.
The BOMA 360 Performance Program, founded this past January, evaluates properties on six major components of building management. Benchmarked against industry standards, the program provides a tool, which companies like Advance Realty can use to demonstrate to tenants and the commercial real estate community that One Gateway Center is managed to the highest standards of excellence.
One Gateway Center officially received this honor during the 2009 BOMA International Conference, held on Monday, June 29 at the Pennsylvania Convention Center in Philadelphia.
“At Advance Realty, we strive to ensure that all of our buildings are managed at the highest level of excellence,” said Rick Zack, general manager of One Gateway Center. “This most recent designation by BOMA of One Gateway Center joins a long list of accolades and awards this premier office building has achieved through recognition of its outstanding business environment and management.”
While other industry recognition programs focus on a certain aspect of building operations, such as sustainability or energy efficiency, the BOMA 360 Performance Program takes a holistic approach by evaluating all major areas of property performance.
Properties are evaluated in the areas of building operations and management, life safety/security/risk management, training and education, energy, environmental/sustainability, and tenant relations/community involvement. The assessment rates a building and its management on everything from water management to evacuation drills to professional development plans.
“We are proud to recognize these 23 buildings with the BOMA 360 designation in recognition of the high standards they have achieved in every aspect of building operations and management,” commented BOMA International Vice Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, chief operating officer and partner, Stream Realty Partners, L.P. “With this recognition, these designees are sending a message to their owners, tenants, prospective tenants and communities that they are optimizing building performance at every level.”
One Gateway Center is a 26-story, 466,919-square-foot building, with an additional 30,000 square feet of retail space and boasting one of the most strategic locations in New Jersey in the heart of Newark’s business district, attached to Penn Station and at the crossroads of Interstates 78, 24, I-280, the NJ Turnpike and Highways 21, 1 and 9.
One Gateway Center is adjacent to the Seton Hall University Law School and is just blocks from the prestigious NJ Performing Arts Center. It is just minutes from Newark International Airport by car and 20 minutes by PATH to midtown Manhattan.
Home to banks, a hotel, a fitness center, retail establishments and restaurants, One Gateway Center features panoramic views of both Newark and the Manhattan skyline.
“While it’s a unique process, I believe BOMA has created a comprehensive approach to evaluating a building’s performance and ability to address the wide-ranging needs of both tenants and the communities in which they exist,” Zack said. “We are honored to be among those recognized with this prestigious designation.”
About Advance Realty
Celebrating its 30th anniversary in 2009 and headquartered in Bedminster, N.J., Advance Realty is an owner and developer of office, flex, industrial, retail and multifamily properties. With 4.5 million square feet of operating properties and a development portfolio consisting of 6 million square feet of commercial projects and 9,400 residential units, Advance is one of the leading real estate owners in the Northeast. For more information, call Advance Realty at (908) 719-3000 or visit www.advancerealtygroup.com.
