Vision Real Estate Partners/Rubenstein Partners ink twin office acquisitions in Parsippany
PARSIPPANY, NJ — A pair of acquisitions by Vision Real Estate Partners and Rubenstein Partners continues this joint venture partnership’s commitment to the Morris County 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 capital and rebranding campaign will be quickly implemented for the twin, trophy-quality assets. Each includes two interconnected 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 architecture, highly efficient floorplates and amenities – including recently upgraded cafes and fitness centers. The capital improvement program will increase indoor and outdoor amenity space throughout the campus, and expand parking with a town-approved parking structure.