Veris Residential Inc. has sold a 197-unit luxury apartment building in Morris Plains, fetching $85 million for an asset that helped revitalize a former aging suburban office property.
For Mack-Cali, Morris Plains project will be a showcase for office-to-residential conversion
The former site of an outdated, long-vacant office building in Morris Plains has been reborn as luxury apartments and is now on a path to “a much longer and better livelihood.” At least, that’s how Andrew Marshall described it on Thursday as he welcomed local officials and the development team to the property at 250 Johnson Road.