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Warren Corporate Center Amenity Hub Sets New Experiential Workplace Benchmark
JV Ownership Breaks Ground on Building Geared to Cross-Generational Workforce
Contemporary lines, luxury finishes, collaborative open spaces and an abundant use of glass will maximize natural light throughout the new, state-of-the-
A green roof will provide sustainability and unify the project's multi-level, indoor/outdoor design with seating and event space for social and business gatherings. At the same time, an outdoor amphitheater and walking paths will surround a bucolic pond. Construction now underway is scheduled to be completed by mid-2018.
"The work/play theme at Warren Corporate Center responds to a growing demand for quality accommodations and quality of life," noted Ross Chomik, managing partner of Vision Real Estate Partners. "The contemporary corporate campus and office environment has changed, and tenants recognize the inherent value of amenities when it comes to recruiting and retaining talent. This new, stand-alone community amenity center will further distinguish our headquarters-
The facility will complement Warren Corporate Center's existing array of amenities, which includes three full-service cafeterias and three fitness centers. Approximately 90 percent of the property's parking is covered, offering a 4/1,000 ratio in its structured and paved lots. The campus also features redundant power systems and supplemental cooling.
Building on Success
Vision Real Estate Partners and Rubenstein Partners acquired the 820,000-square-
"The new amenity hub will create a more vibrant workplace environment at Warren Corporate Center," said Stephen Card, Mid-Atlantic regional director for Rubenstein Partners. "We believe strongly in this concept and are committed to offering like-kind amenity centers to tenants in each of our projects. Providing exceptional amenities and services improves the tenant experience while increasing occupancy, retention, and ultimately long-term asset value."
Vision Real Estate Partners and Rubenstein Partners are recognized for identifying prime-area suburban properties in N.J. with potential to be transformed into second-generation, Class A, experiential workplaces. For example, the rebranding and repositioning of The Crossings at Jefferson Park in Whippany included a multi-million-
Aptly named The Powerhouse, the 11,000-square-
The partnership also pioneered repurposing of projects for single tenants at the 194-acre former Alcatel-Lucent campus at 67 Whippany Road. The redevelopment for Bayer Healthcare's East Coast Headquarters and MetLife Investments' Global Headquarters both earned awards for their new-generation spaces and services that promote collaboration, wellness and sustainability.
Photo Caption:Vision Real Estate Partners and Rubenstein Partners recently launched construction of the stand-alone amenity hub at Warren Corporate Center. (L-R) Rubenstein's Stephen Card, Mid-Atlantic regional director; Citigroup's Randal Scott Sloan, managing director; Warren Mayor Carolann Garafola; Warren Committee Person George Lazo; and Vision Real Estate Partners' Sam Morreale, founder and managing partner, assisted in the ground-breaking.
About Vision Real Estate Partners (http://www.caryl.com/
Vision Real Estate Partners is a full-service real estate owner/operator, specializing in development, property management, asset management and construction. The firm 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. Vision Real Estate Partners currently is developing or redeveloping more than 2 million square feet of space in its local market. The company has over 100 acres of land parcels available for mixed-use and build-to-suit opportunities. Its Vision Management platform also currently oversees property management, financial reporting and overall operational supervision for nearly 1.5 million square feet of office space on behalf of multiple strategic partners. For more information, visit www.visionrep.com.
About Rubenstein Partners
Rubenstein Partners, founded in September 2005, is a private real estate investment management and advisory firm with operations throughout the Eastern United States. The firm is led by its founder, David Rubenstein, and a group of senior real estate executives, and is focused on directing and managing value-added office real estate investments, primarily in markets in the Eastern United States that encompass more than two-thirds of U.S. office space inventory. Since 2005, Rubenstein Partners has, on behalf of its investors and clients, invested in more than 10 million square feet of office real estate assets throughout the Eastern United States. For more information, visit www.rubensteinpartners.com.
Evelyn Weiss Francisco