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.
The ground-up development of a 19,000-square-foot, stand-alone amenity hub at Warren Corporate Center in Warren marks Vision Real Estate Partners’ and Rubenstein Partners’ latest experiential workplace benchmark. With construction now underway, the joint venture partnership is continuing its track record of creating lifestyle related amenities to support today’s 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-art amenity building. Tenants will have access to high-end, indoor and patio dining; multi-function conference areas; a fitness center with locker rooms; and a full basketball court.
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-caliber property within Somerset County’s I-78 Corridor.”
The facility will complement Warren Corporate Center’s existing array of amenities, which includes 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.
About Vision Real Estate Partners
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. Rubenstein Partners’ predecessor company, The Rubenstein Company, LP and affiliates, founded in 1969, was one of the largest private owner operators of Class A office real estate in the Mid-Atlantic, owning and operating a portfolio of assets valued at approximately $1.2 billion at the time of its disposition in 2004. 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.
