New Lobby, Capital Improvements Unveiled at Parsippany Office

Vision Real Estate Partners today announced the completion of a newly redesigned lobby at Northpoint at 20 Waterview — part of a multi-million-dollar capital improvement program that will result in the property’s graduation from a Class B office building to a Class A, modern and hospitality-inspired workplace.

Vision, which has become well-known in the northern New Jersey market for its bold approach to the successful repositioning of suburban office properties, acquired Northpoint at 20 Waterview in April 2018 with plans to execute on a value-add strategy to modernize and optimize the property’s infrastructure and amenities. In addition to the lobby renovation, Vision recently completed a full roof replacement and complete renovation to all restrooms. The third phase of Vision’s capital plan is enhanced landscaping, outdoor dining area improvements and renovations to the café and fitness center.

“Our mission with every Vision property is to create a work-life experience unlike any other, with an ideal mix of full-service amenities and desirable indoor and outdoor spaces,” said Sam Morreale, founding and managing partner of Vision Real Estate Partners. “The enhancements we are making to Northpoint at 20 Waterview, including the recent completion of a new lobby, will ensure that this property meets the demand for dynamic office environments that allow today’s workforce to thrive.”

Designed by the architectural teams of Nelson, ENV Environetics and GSM Architects, the new lobby at Northpoint at 20 Waterview has seen its dated marble replaced with modern wood and tile accents. Vision has also implemented built-in seating that wraps around the lobby’s structural columns, and has integrated designated gaming areas that feature a full-sized pool table and four-foot high chess table. These newly added amenities and renovations will help optimize employee productivity by providing an atmosphere that supports a balanced work-play environment.

Morreale added: “From a leasing perspective, Northpoint has received tremendous interest from potential tenants. The theme of experiential workplaces has become a frequently discussed market trend, as the workplace has begun to shift in support of the wants and needs of the next generation workforce. Forward-looking commercial design plays a major role not only in employee well-being and performance, but also in helping companies retain and attract the best talent.”

Northpoint at 20 Waterview is in a desirable location that offers walkability to the highly anticipated Waterview Marketplace. Surrounded by shopping, dining and hotels, and located directly next to a new Whole Foods, the property offers easy access to major highways including Routes 24, 78 and 46. For more information, please visit https://www.northpointatwaterview.com/.

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.