Real Estate Journal — New Jersey — May 11 - 24, 2018 — 7B
M id A tlantic
N ew J ersey
JLL brokers property acquisition within Parsippany’s Waterview Corporate Center Vision Real Estate Partners acquires 226,317 s/f, class a office building in Morris County
arsippany, NJ — Vision Real Estate Partners continues the expansion of its north- ern New Jersey office foot- print with the acquisition of a 226,317 s/f, class A office building in Morris County. The four-story property at 20 Waterview Blvd. in Parsip- pany is situated within the Waterview Corporate Center. Morris County’s central loca- tion and extensive transporta- tion network continue to play an important role in the con- tinued growth and development of the region’s office market as P Bergman and Gottesman acquire 75 Livingston Ave. in Roseland, NJ Roseland, NJ — Berg- man Real Estate Group and Gottesman Real Estate Partners acquired a 94,000 s/f office property at 75 Livingston Ave. in Roseland. The property was purchased from Mack- Cali Realty Corporation an- nounced the firms’ principals, Michael Bergman , president and CEO of Bergman Real Es- tate Group and Andrew Got- tesman , CEO of the Chatham based Gottesman Real Estate Partners. The Bergman/Gottesman joint venture was represented by Michael DiFede , director of acquisitions for Bergman and Patrick Leary , vice president of Gottesman Real Estate Part- ners. Acquisition financing was provided by TriState Capital Bank who was represented by Alex Fatenko , senior vice president. 75 Livingston Ave. is a three- story office building on 7.5 acres at the corner of Livings- ton Ave. and Becker Farm Rd., less than a quarter mile from the four-way interchange of I-280 at Exit 5B. The prop- erty was originally developed by Bellemead Development Corporation in the mid-1980s as part of a nine-building, 1.2 million square-foot office cam- pus known as 280 Corporate Center, one of the most desir- able and conveniently located campuses in New Jersey. 5 Livingston Ave. in Roseland
as it combines future core-plus stability with a current value- add component on the leasing side,” said Vision Real Estate Partners’ Sam Morreale , founder and managing part- ner. A full-service real estate owner/operator, Vision Real Estate Partners is recognized for accommodating the needs of corporate space users of all sizes in the Garden State. JLL served as the sales agent in the transaction. “We are planning extensive renovation projects to trans- form 20 Waterview Blvd. into a fully-amenitized building,
providing current and future tenants with an enhanced cor- porate environment,” added Morreale. Renovations will include an updated lobby with collaborative space and exterior upgrades as well as creative amenity facilities. 20 Waterview Blvd. is ad- jacent to Waterview Market- place, a Whole Foods-anchored retail center, including a Shake Shack and other retail ameni- ties that is now under construc- tion, and is nearby one of the area’s most active retail cor- ridors with a variety of retail and dining options.
20 Waterview Blvd.
does its deep, educated talented pool. The Parsippany submar- ket is one of the largest class A submarkets in New Jersey.
“20 Waterview Blvd. was particularly attractive to us and will undergo extensive redevelopment and rebranding
Investment Sales | Commercial Sales and Leasing
FOR SALE Long Branch, NJ Land Approved for 169 Luxury Units plus Clubhouse with Employee Unit Joni Sweetwood ext 273 FOR SALE Paterson, NJ
FOR SALE Red Lion, PA
35 Townhouses Matt Wolf ext 237
FOR SALE Hackettstown, NJ
99,317 SF Car Dealership Michael Salomon ext 243
15 Residential Units Don Baxter ext 265
FOR SALE South Brunswick, NJ
FOR SALE Trenton, NJ
2.27± Corner Lot Matt Weilheimer ext 253
50,980 SF Retail Barry Waisbrod ext 272
The Kislak Company, Inc. | www.kislakrealty.com | 732 750 3000
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