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Vision Real Estate Partners Announces New Leases at Mountain Lakes Corporate Center II

| June 26, 2015 | 0 Comments

Vision Real Estate Partners mlcc1_g_b_ext17
49 Bloomfield Ave.
Mountain Lakes, NJ 07046

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Vision Real Estate Partners Announces New Leases at Mountain Lakes Corporate Center II

Two Transactions Total 36,300+ SF at 18-Acre Morris County Office Campus

MOUNTAIN LAKES, N.J., June 26, 2015 – Real estate owner-operator Vision Real Estate Partners (VREP) has announced two long-term lease signings totaling more than 36,000 square feet at Mountain Lakes Corporate Center II, part of the Mountain Lakes Corporate Center in Mountain Lakes.

In the larger transaction, EUROIMMUN U.S. Inc. – a subsidiary of EUROIMMUN, one of the world’s leading manufacturers of medical laboratory diagnostics – inked a lease for 25,345 square feet of space. EUROIMMUN U.S. Inc. is relocating its corporate headquarters from Morris Plains, nearly quadrupling its space. VREP was represented by Jon Williams of Cushman & Wakefield of New Jersey. Jim Jones of Penford Group represented the tenant.

Additionally, Sloan & Company – a leader in custom corporate interiors, drywall, architectural woodworking and acoustical ceilings – has leased 11,000 square feet, relocating from West Caldwell. VREP again was represented by Williams, and Cushman & Wakefield of New Jersey’s Curtis Foster represented the tenant.

“We welcome EUROIMMUN and Sloan & Company to Mountain Lakes Corporate Center,” said Sam Morreale, VREP’s founder and managing partner. “As the commercial office market continues to rebound, we are experiencing increased leasing activity throughout our entire portfolio, and expect to have additional lease announcements soon.”

“Given EUROIMMUN’s highly specialized improvements and Sloan’s long-standing leadership in the construction industry, we are thrilled they both recognized the value of this location and entrusted our construction division to provide full-service delivery for their respective premises,” added Ross Chomik, managing partner, VREP.

Mountain Lakes Corporate Center is comprised of Mountain Lakes Corporate Center I, a 51,700-square-foot office building and Mountain Lakes Corporate Center II, a fully redeveloped 66,000-square-foot LEED Silver-certified office building. The 18-acre Class A office campus is located within Morris County’s desirable Parsippany submarket, and surrounded by abundant retail, dining and lodging options. The property also includes a five-acre “build-to-suit” opportunity of up to 65,000 square feet.

Vision Real Estate Partners, headquartered in Mountain Lakes, N.J., is well known for its deep roots and experience in the New Jersey/New York regional marketplace, and for its track record of identifying properties with great potential and transforming them into superior assets. Its high-profile projects include the recently redeveloped and rebranded The Crossings at Jefferson Park office campus in Whippany and 67 Whippany Road in Whippany, where the firm developed Bayer’s new East Coast headquarters and has broken ground on the new global headquarters for MetLife Investments.

 

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