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PepsiCo - the
newest tenant
Farm Lee Corporate Park
 PepsiCo
has become the newest tenant at Lee Farm Corporate
Park in Danbury, leasing 10,665 square feet from owner
Vision Equities. Terms were not disclosed. Paul Jacobs
of CB Richard Ellis spoke for PepsiCo, and D. Kyle
Ely of Goodfellow Ashmore represented GIM. Lead tenant
at the 215,000-square-foot property is General Electric.
Real Estate New Jersey
Women of Influence
 Whether
they're finalizing deals, developing properties or
providing advice, counsel or products and services,
the professionals profiled alphabetically here are
indeed movers and shakers in the New Jersey. Real
Estate New Jersey also asked the question, "What's
the most important issue facing women in commercial
real estate?" Their answers, some gender-specific,
but many were not, are included with their profiles.
Read More
Parkway 120
Vision Equities refinances Parkway 120 Asset.
 GE
Real Estate recently provided $30.65 million to Vision
Equities to refinance Parkway 120, a Class A office
building in Northeastern New Jersey. The five-story,
211,871 square foot building is located in Old Bridge,
NJ, approximately 10 miles south of the intersection
of Interstate 287 and the New Jersey Turnpike. Parkway
120 was built in 2001 and acquired by Vision Equities
in September 2006. Vision Equities has since increased
occupancy from 47 percent to 86 percent. Read
More
Six New Transactions at Mountain
Heights Center
Over the past 12 months there were six transactions
totaling more than 46,000 sf at Mountain Heights Center,
430 Mountain Avenue in Murray Hill.
 The
combination of new leases, renewals and expansions
punctuates a year of notable progress at the 182,298-sf,
Class A office building, which Vision Equities, LLC
of Mountain Lakes purchased in late 2006.
Cushman & Wakefield's Bill Brown and Adam Padla,
both based in the firm's Morristown office, serve
as the property's exclusive leasing agents. According
to Brown, 430 Mountain Avenue is benefiting from the
success of a full repositioning and aggressive marketing
campaign launched in 2007. Read
More
JV Will Spend $5M to Upgrade
Assets
A joint venture is getting ready to spend $5 million
to redevelop office assets
A joint venture of Grosvenor Investment Management
and the locally based Vision Equities is getting ready
to spend $5 million on capital improvement to redevelop
two class A office assets they’ve acquired in the
past year. Of that total, $4 million will be spent
at Mountain Lakes Corporate Center, an 18-acre campus
acquired from TIAA-CREF for $15.2 million in early
2007. Read More
Vision Equities JV Buys Parsippany Office Building
Class A Office Trades for $29.8 Million
 Vision
Equities, in a joint venture with Grosvenor Investment
Management (GIM), acquired the office building at
299 Jefferson Road in Parsippany, NJ, from Atrium
LP. The purchase price of $29.8 million factors out
to approximately $199 per square foot. Read
More
TIAA-CREF Sells Mountain Lakes Corp. Park
Two-Bldg. Office Complex Sells to Grosvenor & Vision
Equities for $15.2M
 Grosvenor
Investment Management U.S. and Vision Equities acquired
the Mountain Lakes Corporate Park from TIAA-CREF for
$15.2 million.
The two-building office complex is on
an 18-acre campus at 1 and 49 Old Bloomfield Ave.
in Northern New Jersey's Parsippany submarket. It
includes the 49,477-square-foot Mountain Lakes I building,
which is occupied by Pinnacle Foods Corp., and the
63,528-square-foot Mountain Lakes II building, occupied
by Computer Horizons. Read
More
Vision Equities Grabs Danbury Office Bldg. for $37.5M
Investor Acquires Lee Farm Corp. Center at Near-Full
Occupancy
 Grosvenor
Investment Management, on behalf of Vision Equities,
purchased 83 Wooster Heights Road, also known as the
Lee Farm Corporate Center, in Danbury, CT, from Danbury
Prime Property LLC. The 215,000-square-foot, Class
A office building sold for $37.5 million, or roughly
$175 per square foot. Read
More
Five Griffin Center Office Bldgs. Sell for $30.25M
Crown Griffin LLC Sells Portfolio to Vision Equities
LLC
Vision Equities LLC acquired five buildings in the
Griffin Office Center in Windsor from Crown Griffin
LLC for $30.25 million, or approximately $80 per square
foot.. The 378,213-square-foot office portfolio consists
of 1 and 2 Waterside Crossing and 4, 6 and 8 Griffin
Road North. The properties are on a 39-acre site.
The five buildings house 18 tenants including the
U.S. Postal Service, Infinity Insurance Co., Hartford
Fire Insurance Co., Great American Insurance Co.,
ABB Inc. Read More
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