Owners Largest Property of 2017

April 26, 2018

 Vision Real Estate Partners
101 Columbia Road
Morris Township, NJ

Size: 715,000 SF
Vision Real Estate Partners and a partner firm acquired this key, 64-acre Morris County development site, part of the former Honeywell headquarters campus on Columbia Road (Route 510) in Morris Township. Regarded as THE build-to-suit office opportunity in Northern New Jersey, this project will introduce up to 715,000 SF of premier, custom corporate headquarters opportunities. Approved for office, research and laboratory development, the Columbia Road property offers proximity to downtown Morristown, the Morristown and Convent Station train stations, Morristown Jetport, and major regional thoroughfares including I-287 and Route 24.

 

 The Azarian Group
Town Center Way
Livingston, NJ

Size: 68,000 SF
John M. Azarian, CEO, and Chris Kaufman, Director of Leasing, for the Azarian Group, are thrilled to announce the purchase of the Livingston Town Center last year.  The Center occupies a prime location in one of Northern New Jersey’s most desirable residential communities and is part of a successful town center concept that also includes 114 upscale residential units.  Its best-in-class curb appeal and complementary tenant mix distinguish the property within its competitive set. Located at the intersection of North Livingston Avenue and Mt. Pleasant Avenue, Livingston Town Center houses a diverse tenant mix including 28 convenience stores, restaurants and service retailers, among other categories and is 96-percent occupied. Fan Bistro, Restore Cold Pressed Juice, Dentistry with a Smile, Fit36 and Xtend Barre are among the recent additions with two 1,500 SF and one 3,000 SF spaces still available.  The Azarian Group purchased its first office building in 1970 and its first shopping center in 1972. Since then The Azarian Group has experienced controlled and steady growth and currently owns, manages and leases approximately 1,200,000 square feet of space in 18 properties throughout New Jersey and New York, with approximately 350 tenants. 

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