Yesterday, the new Prudential Tower was officially opened at a ribbon cutting attended by John Strangfeld, chairman and CEO of Prudential, Cory Booker, U.S. Senator from N.J., Ras Baraka, Mayor of Newark, Donald Payne, Jr., U. S. Representative from New Jersey, Kim Guadagno, Lieutenant Governor and Secretary of State of N.J., Council President Mildred Crump, Centralward Councilwomen Gayle Chaneyfield-Jenkins and many more dignitaries from the surrounding Newark area. The ribbon cutting ceremony to mark the official opening of Prudential’s new 20-story, 740,000-square-foot office tower in downtown Newark. The new $444 million glass office building on Broad Street is located just a stone’s throw away from the company’s headquarters at 751 Broad Street. The building is the workplace of over 2,000 Prudential employees, and is part of Prudential’s efforts to revitalize the city.
“Prudential has called the city of Newark home since our founding, and our commitment to ensuring the success of this vibrant community has been steadfast,” said Strangfeld. “We’re proud of this new office tower—it’s a beautiful, state-of-the-art, eco-friendly building. But it’s more than that. It’s also a reaffirmation of our dedication to Newark and a symbol of the bright future that lies ahead for the city and our company.”
Congressman Donald M. Payne, Jr. (NJ-10), attended and delivered remarks, “Prudential’s investments are helping Newark accelerate its economic development, revitalize its infrastructure, and expand educational opportunities—all of which are essential to the success of this city,” said Congressman Payne, Jr. “Because of these investments, we’re experiencing a revived downtown Newark that has enhanced the city’s landscape and made it more enjoyable and accessible for residents. When we invest in our cities, we create pathways to economic prosperity for our communities and put in place the resources to meet local needs and priorities, such as providing quality education and strengthening our workforce.”