June 7, 2017
Barclays Capital has paid $69 million for the Crossings at Jefferson Park in Whippany, NY. Barclays has been the anchor tenant at the property, which recently completed a full renovation.
“The fact that an existing tenant – particularly such a prominent tenant as Barclays Capital – approached us with the desire to become owner-occupier provides the greatest testament to what we have accomplished,” said Sam Morreale, founder and managing partner of Vision Real Estate Partners, which bought the 525,000-square-foot, Class-A property in 2013 with Rubenstein Partners.
The firms immediately launched a multi-million-dollar revitalization and rebranding of the 65-acre campus located at 115 South Jefferson Rd., focusing on health, wellness, and sustainability.
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