Vision Real Estate Partners and Real Capital Solutions are wrapping up the multi-tenant repositioning of Mountain Ridge on Changebridge Road in Montville. The project involves a major speculative renovation of one of the twin, 105,000-square-foot, Class A office buildings on the former Bayer Pharmaceuticals campus.
What are tenants seeking in office space today? How are capital markets and investment strategies changing? And what is the value of tenant improvements in leasing? These and other questions about development, leasing and investment trends were among the topics discussed at the spring Mid-Atlantic Real Estate Journal Conference this year.
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.
David J. Iacobucci has joined Vision Real Estate Partners in Mountain Lakes as senior vice president. A 25-year commercial real estate industry veteran, he is providing leadership to source new investment opportunities for the full-service real estate owner/operator; identify equity and debt; and oversee permitting, approvals and development of properties in the company’s existing project pipeline.
Rubenstein Partners and Vision Real Estate Partners have acquired Warren Corporate Center in Warren, NJ, for $136 million in a transaction arranged by CBRE Group, Inc. Warren Corporate Center is considered a best-in-class quality office development containing approximately 820,000 square feet across five, four-story buildings situated on a 176-acre site off of a full interchange on I-78.
