Rubenstein Partners and Vision Real Estate Partners secured a $97m loan for the purchase of the Morris Corporate Center East & West in Parsippany, New Jersey. NKF Capital Markets arranged the funding through ACORE Capital. The financing facilitated the acquisition in addition to funding capital improvement upgrades to fully lease the buildings. Built between 2000 and 2001, the property is comprised of two four-story office buildings, totaling 702,707 sq ft. “The proximity to major thoroughfares and airports including Newark International Airport dramatically increase the attractiveness of the property to prospective tenants and workforce talent,” said Jordan Roeschlaub, NKF Capital Markets’ vice chairmen.
