NEWSROOM

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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