WithumSmith+Brown PC has completed the relocation of more than 125 employees to a newly built-out 33,000-square-foot office space in Hanover, the accounting firm said Monday.
After building its presence in suburban Morris County, Vision Real Estate Partners has planted a flag in downtown Morristown with the acquisition of a 150,000-square-foot office building.
Experts say the struggles of New Jersey’s suburban office market are not as clear-cut as many still believe. Those challenges are in fact real, but there are still plenty of opportunities for owners and developers to make a splash.
A series of leases, renewals and expansions have accounted for more than 33,000 square feet of tenant activity at a 215,000-square-foot office building in Fort Lee, the property’s manager said.
Looking to replicate its success with other suburban office properties, Vision Real Estate Partners has acquired a three-building, 610,000-square-foot portfolio on Eisenhower Parkway in Roseland, where the firm is now planning a series of upgrades.
Vision Real Estate Partners leased 120,000 square feet across its northern and central New Jersey portfolio in the second half of 2016, while completing major upgrades at two of its properties.
MetLife Investments’ newly completed headquarters attracted a sale price of $95 million, in a recently announced deal that culminated of high-profile redevelopment effort in Hanover.
A joint venture has completed its multimillion-dollar plan to convert a former powerhouse structure into a standalone amenities center at a 525,000-square-foot business park in Hanover.
Fresh off the opening of MetLife Investments’ gleaming new headquarters in Hanover, the state-of-the-art office building has a new owner. For the sellers of the 185,000-square-foot property, it’s the conclusion to one of New Jersey’s biggest redevelopment stories in recent years.
