Vision Real Estate Partners Adds Two Property Assignments as Strategic Partner

LAWRENCEVILLE, N.J. - March 30, 2016 - PRLog -- Vision Real Estate Partners continues to grow its Vision Management portfolio with the addition of two Class A New Jersey office assets. The firm has joined one of its repeat capital partners to provide asset management, property management and operational support for Princeton Pike Corporate Center in Lawrenceville and 9W Office Center in Fort Lee.

The eight-building, 817,000-square-foot, Princeton Pike Corporate Center is more than 90 percent leased, with high-profile tenants including Sirius XM Radio, Morgan Stanley, Wells Fargo Advisors, Stark & Stark, Princeton Healthcare Services, Fox Rothschild LLP, and MetLife Solutions Group, among others.

"Princeton Pike provides a high-profile and quality tenant environment," noted Vision Real Estate Partners' Sam Morreale, founder and managing partner. "We look forward to building on its success by leveraging our expertise to elevate the campus and increase occupancy, as we grow our presence in the Princeton submarket." Vision Real Estate Partners also provides management and operational support for Princeton South Corporate Center in Ewing.

With the addition of 9W Office Center, Vision Real Estate Partners has made its entry into Bergen County. The 215,000-square-foot, seven-story Class A office building - also recently renovated - is located at 2200 Fletcher Ave. At 96 percent occupancy, the property maintains a stable tenant roster anchored by Tranzact and Telemundo; both companies have been located there for more than a decade.

"This property's accessibility to Manhattan is unmatched," Morreale said. "9W Office Center sits on five acres just north of the George Washington Bridge entrance. It offers ample parking, and onsite amenities like a fitness center and cafeteria. Additionally, the neighborhood offers plenty of retail and dining within walking distance. This assignment provides a great foothold for us as we continue our expansion throughout northern and central New Jersey."

Vision Real Estate Partners' Ross Chomik, managing partner, noted that these latest assignments illustrate the success of the company's Vision Management platform, which was formally established over a year ago. The division provides full property and asset management services for the firm's owned portfolio, as well as property management, financial reporting and overall operational supervision in the areas of construction, capital expenditure and leasing for select third-party assignments. Vision Real Estate Partners currently oversees nearly 1.5 million square feet of office space on behalf of multiple clients.

"We have augmented our vertically integrated capabilities to offer the highest level of in-house expertise and services, as sought today by both tenants and capital partners," Chomik noted. "Our clients recognize the value we bring as an entrepreneurial owner that applies a deeply proprietary approach to operating properties."

Based in Mountain Lakes, N.J., Vision Real Estate Partners is a regional, full-service real estate firm. The company also owns or is developing more than 2 million square feet of space, and holds over 100 acres of land parcels available for mixed-use and build-to-suit opportunities in the region. Vision Real Estate Partners is well known for its deep roots and experience in the New Jersey/New York regional marketplace, and for its track record of identifying properties with great potential and transforming them into superior assets.