WARREN, N.J., May 25, 2016 – Commercial real estate services firm Cushman & Wakefield has been named exclusive leasing agent for Warren Corporate Center in Warren. The appointment closely follows the joint-venture acquisition of the 820,000-square-foot, Somerset County office campus by Vision Real Estate Partners and Rubenstein Partners.
Cushman & Wakefield’s Robert Donnelly, Robert Donnelly, Jr. and Christine Eberle, based in Morristown, N.J., are heading the assignment.
Located just off a full interchange of I-78 in Somerset County, Warren Corporate Center includes five, four-story Class A office buildings on 176 acres. The property was originally developed in 1996 as the headquarters of Lucent Technologies. In 2004, Citibank leased the entire campus and the company continues to lease four full buildings there today.
“One building at Warren Corporate Center is currently available, providing the opportunity for the new ownership to transition this headquarters-caliber property into a distinctive multi-tenant campus,” Donnelly Sr. noted. “Vision Real Estate Partners and Rubenstein Partners have established an outstanding track record of acquiring assets and positioning them as superior leasing opportunities for New Jersey tenants. Warren Corporate Center is well positioned to thrive under their entrepreneurial approach and institutional pedigree.”
Warren Corporate Center benefits from fully redundant power systems and supplemental cooling; an expansive on-site amenity base including three full service cafeterias, three fitness centers, and 4/1,000 square-foot parking – 90 percent of which is provided in adjacent structured parking. The campus is located directly off I-78 (Exit 36) and within close proximity of Interstate 287, Route 24, Routes 202/206, and Route 22.
“We were attracted by Warren Corporate Center’s excellent accessibility within a strong Northern New Jersey submarket that has seen notable recent leasing success,” said Vision Real Estate Partners’ Sam Morreale, founder and managing partner. “This region offers the best of suburban New Jersey – a highly educated workforce and desirable residential communities, large public recreational areas, and retail amenities.”