Vision Real Estate Partners has closed on the purchase of a three-building, 610,000-square-foot portfolio on Eisenhower Parkway in Roseland. The real estate owner/operator will launch a multi-million-dollar rebranding and renovation to modernize the assets. Situated directly off Exit 4 of I-280 near the junction of I-287, the Eisenhower Parkway campus is situated in the heart of New Jersey’s “Wealth Belt.” The buildings are home to 57 tenants, including anchors Brach Eichler LLC; Orloff Lowenbach S. & S.; Lum, Drasco & Positan, LLC; FTI Consulting; and Marcum LLP. Vision Real Estate has named NGKF as leasing agent for the Eisenhower Parkway campus. Terms of the sale were not disclosed.
“We have acquired an attractive in-place tenant mix, with many companies that have a long-standing history with the property,” said Vision Real Estate Partners’ Sam Morreale. “We look forward to providing a progressive, quality workplace environment that enables them to attract and retain the best talent. Their response to date has been nothing but positive.” While under contract to purchase the buildings, Vision Real Estate Partners secured renewal agreements with Lum, Drasco, Positan LLC (19,379 square feet); DPC Data Inc. (5,833 square feet); and Newman, McDonough, Schofel & Giger, PC (3,990 square feet).
