Vision Real Estate Partners acquires 226,317 s/f, class a office building in Morris County
Parsippany, NJ — Vision Real Estate Partners continues the expansion of its northern New Jersey office footprint 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 Parsippany is situated within the Waterview Corporate Center.Morris County’s central location and extensive transportation network continue to play an important role in the continued growth and development of the region’s office market as does its deep, educated talented pool. The Parsippany submarket 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 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 partner. 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.