Reckitt Benckiser renews Latitude lease in Parsippany

PARSIPPANY, NJ – January 9, 2020

Vision Real Estate Partners and Rubenstein Partners LP on Wednesday announced through a joint venture partnership that Reckitt Benckiser Group expanded and extended a new 187,500-square-foot, long-term lease at Latitude in Parsippany.

Vision and Rubenstein recently transformed the 700,000-square-foot campus into a next-generation, holistic workplace with an East Coast to West Coast design theme that features collaborative spaces inspired by cities from across the U.S.

“Work and life do not exist separately from one another, and our approach to redevelopment at Latitude is reflective of the growing preference for workplaces that mirror professionals’ dynamic lifestyles,” said Sam Morreale, founding and managing partner of Vision Real Estate Partners. “We are not just adding amenities – we are delivering a unique office experience that is setting a new standard for suburban office environments.”

Latitude features two, five-story symmetrical wings comprised of offices, meeting spaces, and lifestyle services and experiences. Both wings are connected through a central glass atrium that features common areas, multiple dining options, fitness centers and city-themed spaces for collaboration. As employees travel from one end of the property to the other, they transition through “time zones” punctuated by artistic and design elements, as well as cuisine options with a distinct East Coast to West Coast flavor.

The campus provides flexibility, productivity benefits and an environment mostly only seen in bespoke, single-tenant build-out campuses.

“We continue to see opportunity in rethinking well-located Class A suburban offices,” said Stephen Card, director of investments and principal at Rubenstein. “Through thoughtful redesign and amenity programming, we are making desirable places for the suburban workforce and we continue to add value to our properties along with our partners.”

Latitude is centrally located in Morris County among a community of top corporate neighbors and has direct access to retail and services. The property is less than 1 mile from Exit 42B on Interstate 80 and can be accessed via Cherry Hill Road to Interpace Parkway from the east, and from Route 46 via Interpace Parkway from the north.