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Vision Real Estate Partners Closes 315,000 Sq. Ft. of Leases

| July 21, 2015 | 0 Comments

Vision Real Estate Partners 200Crossngs 11a200 Jefferson Park The Crrossings 115 S.Jefferson Road Whippany,
49 Bloomfield Ave.
Mountain Lakes, NJ 07046

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Activity Reflects Acceleration of Northern New Jersey Office Market

MOUNTAIN LAKES, N.J., July 21, 2015 – With 315,000 square feet in leasing during the first half of 2015, Vision Real Estate Partners is seeing strong demand within its northern New Jersey office portfolio. The activity reflects acceleration within the regional real estate market, according to Sam Morreale, founder and managing partner of the Mountain Lakes-based firm.

Vision Real Estate Partners’ year-to-date transactional highlights included a 185,000-square-foot build-to-suit lease for MetLife at 67 Whippany Road in Whippany and a 51,210-square-foot commitment by Arthur J. Gallagher & Co. at The Crossings at Jefferson Park in Whippany. Additional transactions included new leases by EuroImmue and Sloan & Company at Mountain Lakes Corporate Center in Mountain Lakes; and a new lease and renewal, respectively, by ADC Therapeutics and Fisher & Phillips at Mountain Heights Corporate Center in Berkeley Heights.

“The first six months of the year established excellent momentum,” Morreale noted. “We are seeing requirements of all sizes spanning a range of industries. Across the board, tenants are looking for well-located, amenity-rich properties that enable them to attract and retain talent. Superior technology infrastructure and ample parking also are critical for winning commitments in today’s market.”

Morreale noted that tenant fit-outs are increasingly focused on collaboration and lifestyle. “The new workforce favors open spaces with low-profile partitions, a variety of gathering areas for intimate or large-scale meetings, and onsite conveniences like cafes and fitness centers. The properties that can accommodate and deliver these requirements are positioned to capitalize on the market’s growing momentum.”

Based in Mountain Lakes, Vision Real Estate Partners is a local, full-service real estate owner/operator. The company currently is developing more than 2 million square feet of space, and owns and manages over 125 acres of land parcels available for mixed-use and build-to-suit opportunities in the region. Vision Real Estate Partners 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.

 

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Category: News Releases, Newswire: Latest News, Vision Real Estate Partners, Real Estate

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