6B — April 13 - 26, 2018 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey
Purchase & rebranding of former Morris Corp. Center IV furthers Joint Venture’s regional commitment Vision Real Estate Partners/Rubenstein Partners ink twin office acquisitions in Parsippany P ARSIPPANY, NJ — A pair of acquisitions by Vision Real Estate
improvement program will increase indoor and outdoor amenity space throughout the campus, and expand parking with a town-approved parking structure. Cushman &Wakefield and Newmark Knight Frank , re- spectively, arranged the Phase I and II sales to the Vision Real Estate Partners/Rubenstein Partners joint venture. “The opportunity to purchase two of Morris County’s best office assets – which we will integrate under a single brand – was highly compelling,” said Vision Real Estate Partners’ Sam Morreale , founder and
have suffered from addiction are able to access and complete the education necessary to sus- tain long-term recovery. The Foundation offers evidence- based life-skills training for those in early recovery and is committed to providing over $100,000 this year in academic scholarships. EDA CEO Tim Sullivan vis- ited Ammon Labs today to raise awareness of the Small Business Fund and the range of other low-cost financing solutions offered by the EDA to support the growth of small businesses in New Jersey. He was accompanied by Tejinder Gill , VP, commercial lending relationship manager, Provi- dent Bank. “Fostering an environment where small and mid-sized businesses can thrive and give back to their communities is paramount to our ability to create a stronger and fairer economy in New Jersey,” said Sullivan. “Improving access to capital is a critical component of this effort.” The Small Business Fund supports creditworthy, small, minority-owned, or women- owned businesses in New Jer- sey that have been in operation for at least one year and non- profit corporations in operation for at least three years. Up to $500,000 is available and can be used for fixed assets and working capital. n continued from page 4B Ammon Labs expands in Union County . . . “Our regional, value-add investments with Vision Real Estate Partners have lever- aged these advantages as a key component of our successful repositioning plays,” he said. n managing partner. “Space of this caliber and scope is fairly limited in the Morris County market. As a quality, large- block vacancy, the property offers a distinctive opportunity for headquarters and regional users.” The unified campus can accommodate require- ments from10,000 to more than 500,000 s/f. Rubenstein Partners’ Ste- phen Card , principal and Mid-Atlantic regional director, cited Morris County’s contin- ued draw for the Vision Real Estate Partners/Rubenstein partnership.
Partners and Rubenstein Partners continues this joint venture partnership’s com- mitment to the Morris Coun- ty office market. In separate transactions, the firms recently purchased Phases I and II of the former Morris Corporate Center IV, amassing nearly 700,000 s/f of class A product on Interpace Pkwy. in Parsippany. Hallmark to this joint venture partnership, an extensive capi- tal and rebranding campaign will be quickly implemented for the twin, trophy-quality assets.
MID-ATLANTIC REAL ESTATE JOURNAL 4/6/18 COPY DEADLINE Morris Corp. Center IV
Each includes two intercon- nected buildings located on a total of 30 acres at the four-way I-80/I-287 interchange. The buildings are distinguished by
their timeless granite architec- ture, highly efficient floorplates and amenities – including recently upgraded cafes and fitness centers. The capital
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