8B — September 11 - 24, 2015 — New Jersey — M id A tlantic

Real Estate Journal


N orthern N ew J ersey Activity reflects acceleration of northern New Jersey office market Vision Real Estate Partners closes 315,000 s/f of leases during the first half of 2015 M OUNTAIN LAKES, NJ — With 315,000 s/f in leasing during

“We are seeing requirements of all sizes spanning a range of industries. Across the board, tenants are looking for well-located, amenity- rich properties that enable them to attract and retain talent. Superior technology infrastructure and ample parking also are critical for winning commitments in today’s market.” Morreale noted that ten- ant fit-outs are increasingly focused on collaboration and lifestyle. “The new workforce favors open spaces with low- profile partitions, a variety of gathering areas for intimate or large-scale meetings, and onsite conveniences like ca- fes and fitness centers. The properties that can accom- modate and deliver these requirements are positioned to capitalize on the market’s growing momentum.” n JERSEY CITY, NJ —The One, Jersey City’s newest residential tower from the joint-venture partnership of BLDG Management Co., Inc ., fund(s) managed by Ares Management, LP , and Urban Development Part- ners , is more than 55% leased after its grand opening less than two months ago. Located at 110 First St., the 36-story tower offers a mix of 439 studio, one- and two-bedroom apartments. “As demonstrated through this quickly-achieved leasing milestone, The One has been exceptionally well received by today’s market of luxury rent- ers,” said Lloyd Goldman , BLDG principal. “There’s no doubt that the building’s high- end features have generated enormous appeal, but it’s one- of-a-kind lifestyle experience is what is setting it apart for residents as the unmatched option for luxury living in Jersey City.” Indoor amenities include a fitness center with its own yoga studio, media theater room, children’s playroom, gaming room, virtual golf, residents’ lounge with catering kitchen and billiards and addi- tional storage space. Outside, residents enjoy a pool with pri- vate cabanas and an expansive landscaped sun deck, picnic and lawn area, barbecues and fire pit. n The One more than 55% leased

Rd. in Whippany and a 51,210 s/f commitment by Arthur J. Gallagher &Co. at The Cross- ings at Jefferson Park in Whippany. Additional trans- actions included new leases by EuroImmue and Sloan & Company at Mountain Lakes Corporate Center in Moun- tain Lakes; and a new lease and renewal, respectively, by ADC Therapeutics and Fish- er & Phillips at Mountain Heights Corporate Center in Berkeley Heights. “The first six months of the year established excellent momentum,” Morreale said.

the first half of 2015, Vision Real Estate Partners is see- ing strong demand within its northern New Jersey office portfolio. The activity reflects acceleration within the region- al real estate market, accord- ing to SamMorreale , founder and managing partner of the Mountain Lakes-based firm. Vision Real Estate Part- ners’ year-to-date transac- tional highlights included a 185,000 s/f build-to-suit lease for MetLife at 67 Whippany

The Crossings at Jefferson Park

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