4-13-18

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

SOUTH BRUNSWICK 28,727 SF 9/1 OCCUPANCY n 4 DOCK DOORS n 28’ CLEAR HEIGHT n 1,266 SF OFFICES n RAIL SERVED SOUTH BRUNSWICK 113,255 SF 11/1 OCCUPANCY n 15 DOCK DOORS n 19 TRAILER PARKING n 1,266 SF OFFICES n 3 RAIL DOORS n LOW EXPENSES CENTRAL & NORTH NJ

FOR LEASE

SOUTH BRUNSWICK 4,928 SF OFFICES

EDISON NJ TPKE EXIT 10 208,391 SF 9/1 OCCUPANCY n 15 DOCK DOORS n 28’ CLEAR HEIGHT n FREE STANDING n 1,000 AMPS 3 PHASE KEARNY NJ TPKE EXIT 15W 28,886 SF MARCH 1 OCCUPANCY

AVENEL NJ TPKE EXIT 12 114,644 SF 9/1 OCCUPANCY 11 MILES TO PORTS! APRIL 1 OCCUPANCY H IGHWAY F RONTAGE n 20 CAR PARKING

n 10 DOCK DOORS n 19’ CLEAR HEIGHT n 2,848 SF OFFICES n 7 MILES TO PORTS n 4 MILES TO NYC

n 16 TB DOORS n 34 TRAILERS n 28’ CLEAR HT. n RAIL AVAILABLE

Lease with the

Market Leader

732-287-4880

Heller Industrial Parks - 205 Mill Road, Edison, NJ 08837

Made with FlippingBook - professional solution for displaying marketing and sales documents online