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20 FEBRUARY 2020
ON THE MAP
Leases by accounting firm, consumer goods giant mark auspicious start for revamped Parsippany campus
One of the state’s top accounting firms will debut its new headquarters this summer,
when it moves to a soon-to-be- transformed, two-building campus in Parsippany.
For the joint venture that owns the property, the deal is one of the first steps toward reaping the benefits of yet another high-profile investment in suburban office space.
“Tenants are being very discriminating,”
want really cutting-edge amenities, light and bright space that can help them attract today’s workforce. And I think as an industry we have to
be very conscious of that and really deliver this high-level product.”
Vision and Rubenstein Partners
LP, the owners of the complex known as Latitude, are seeking to
do just that at the two-building, 700,000-square-foot campus at 389 and 399 Interstate Parkway. And with major renovations underway, the joint venture announced in January that accounting firm Sax LLP has signed a new 39,810-square-foot lease at the property, which followed a 187,000-square-foot renewal and expansion by consumer goods giant Reckitt Benckiser.
Sax is slated to relocate to the
complex in August from its existing headquarters in Clifton. By that time, Vision and Rubenstein expect to have completed their overhaul of the 35-acre campus into a modern, hospitality-inspired workplace with multiple dining options, multiple fitness centers and a host of other common spaces. The new-look property will feature spaces inspired by U.S. cities — from New York to Denver to Los Angeles — with a design that will channel the straight line, east-to-west layout of the mirror-image buildings.
Sax, which was represented by Tim Greiner and Brendan McBride of JLL, said the updated space will cater to both its current workforce and future employees.
“As our firm has succeeded and
rapidly grown over the years, we’ve paid close attention to the ever- changing needs of our employees and clients,” said Joseph Damiano, managing partner at Sax LLP.
“With that, we’ve worked to find an environment that brings our capabilities to the next level and strengthens
By Joshua Burd
Sam Morreale
said Sam Morreale, founder and managing partner of Vision Real Estate Partners. “I think they
us for the
future. Latitude
provides us
with world-
class services,
amenities and
an environment
that will help
us attract the
next generation of our workforce. Combined with the building’s innovative design, one can’t help but feel energized working at Latitude.”
Joseph Damiano
A rendering of Latitude, the two-building office campus in Parsippany that Vision Real Estate Partners and Rubenstein Partners LP are redesigning, rebranding and integrating with a series of new amenities and common space inspired by U.S. cities
Courtesy: Vision Real Estate Partners/Nelson