MORRIS PLAINS, NJ — PCCP, LLC announced its joint venture with Vision Real Estate Partners, a New Jersey-based, full-service real estate investment, development and asset management company, has acquired 185 and 201 Tabor Rd. in Morris Plains. The acquisition is of a 66-acre corporate campus composed of two properties, one a class A office building and the other a series of class B and C office buildings slated for redevelopment. The seller was the previous occupant, Johnson & Johnson.
A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sridhar Vankayala, and Noble Carpenter III acted as advisor to Vision Real Estate Partners in arranging joint venture equity for the acquisition.