24 Hour Local Real Estate News

Focus on Amenities Yields Successful Redevelopments for Vision, Rubenstein

Rendering of new Amenities Hub, Warren Corporate Center, Warren, NJ Rendering of new Amenities Hub, Warren Corporate Center, Warren, NJ

WARREN, NJ—The ground-up development of a 19,000-square-foot, stand-alone amenity hub at Warren Corporate Center in Warren is the latest example of Vision Real Estate Partners’ and Rubenstein Partners’ approach to modern workplace development.

With construction now underway, the joint venture partnership is creating new lifestyle related amenities to support today’s cross-generational workforce.

Contemporary design, 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 park-like pond area. Construction is slated for completion by mid-2018.

“The work/play theme at Warren Corporate Center responds to a growing demand for quality accommodations and quality of life,” says 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.”

Warren Corporate Center, Warren, NJ Warren Corporate Center, Warren, NJ

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-to-1,000 ratio in its structured and paved lots. The campus also features redundant power systems and supplemental cooling.

Vision Real Estate Partners and Rubenstein Partners acquired the 820,000-square-foot Warren Corporate Center campus last year and are spearheading its redevelopment as a multi-tenant business park. The 176-acre, five-building property off I-78 (Exit 36) was originally developed in 1996 as the headquarters of Lucent Technologies. In 2004, Citibank leased the property and still occupies four buildings. The fifth 156,500-square-foot building (#300) is currently available for lease, with Cushman & Wakefield serving as exclusive agent.

“The new amenity hub will create a more vibrant workplace environment at Warren Corporate Center,” says 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 and Rubenstein have been pioneers in transforming prime-area suburban office properties in New Jersey into second-generation, class A, experiential workplaces. The rebranding and repositioning of The Crossings at Jefferson Park in Whippany included a multi-million-dollar adaptive reuse of a former power plant structure into a stand-alone amenities center.

Renamed The Powerhouse, the 11,000-square-foot building provides enhanced gourmet food services with indoor and open-air seating; a multi-function business lounge with WiFi; and a state-of-the-art health and wellness center. The centerpiece Powerhouse is located close to the property’s bike-share station and storage, and 1.3 miles of pedestrian and bicycle infrastructure adjoining Morris County Parks Commission’s Patriots Path.

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.

Copyright 2018. ALM Media Properties, LLC. All rights reserved.