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HomeBusiness NewsRubenstein and Vision Acquire Morris Corporate Center IV

Rubenstein and Vision Acquire Morris Corporate Center IV

PARSIPPANY — Joint-venture partners Vision Real Estate Partners and Rubenstein Partners have acquired Phases I and II of the former Morris Corporate Center IV, in Parsippany, with plans to rebrand the attached buildings as one. Morris Corporate Center IV, is located at 369-379 Interpace Parkway.

The approximately 700,000 square feet of Class A property on Interpace Parkway was purchased in two transactions, Cushman & Wakefield arranging Phase I and Newmark Knight Frank handling Phase II. A capital improvement program will add expanded parking and increased in- and outdoor communal spaces across the 30-acre campus to existing and recently updated cafes and fitness centers amenities.

Located at the intersection of I-80 and I-287, the unified campus can accommodate requirements from 10,000 to more than 500,000 square feet.

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Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, President of Kiwanis Club of Tri-Town and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
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