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.
