February 2, 2017
Vision Real Estate Partners paid $48 million for three office buildings totaling 610,000 square feet along the Eisenhower Parkway in Roseland, NJ. Cushman & Wakefield brokered the sale on behalf of Mack-Cali Realty Corp.
“These buildings – two of which are LEED certified – occupy a prime location in a competition-constrained market,” noted Sam Morreale, founder and managing partner of Vision Real Estate Partners.
The three buildings have been marketed as separate properties. “We recognize an excellent opportunity to rebrand them as an integrated, leading-edge campus focused on lifestyle and collaboration,” Morreale said. Tenants at the 51-acre campus include Brach Eichler LLC, Orloff Lowenbach S. & S., and FTI Consulting, along with Marcum LLP and Lum, Drasco & Positan LLC.
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