NJBIZ Names Vision Real Estate Partners' Sam Morreale Among Real Estate Power 50

Sam Morreale, founder and managing partner of Mountain Lakes-based Vision Real Estate Partners (VREP), has been named among the NJBIZ 2015 Real Estate Power 50 for the third consecutive year. The publication’s annual ranking recognizes the most influential people in the New Jersey commercial real estate industry. Morreale launched VREP in 2014 as an offshoot of Vision Equities, LLC, which he co-founded in 2006. As a classic local hands-on owner, developer and operator, VREP is well known for its deep roots and experience in the New Jersey marketplace. In all of its ventures, VREP works to create highly desirable accommodations for tenants, sound financial investment for partners, and performing, quality ratables for host towns and municipalities. Already, VREP has established a track record of identifying properties with great potential and transforming them into superior assets. Two of the firm’s 2015 transactional highlights illustrate this point. • In partnership with Rubenstein Partners, VREP is building MetLife Investments’ new, 185,000-square-foot global headquarters at 67 Whippany Road, a former Alcatel-Lucent campus in Whippany. The building anchors the redevelopment’s 100-acre South Campus component. The 94-acre balance houses Bayer Healthcare’s 675,000-square-foot East Coast headquarters, which VREP also developed. • At the Crossings at Jefferson Park in Whippany, another joint venture project with Rubenstein Partners, VREP secured a 51,210-square-foot commitment by Arthur J. Gallagher & Co. The transaction marked the first new lease following a multi-million-dollar revitalization and rebranding of the 525,000-square-foot, Class A property at 115 South Jefferson Road. “As an organization, we are dedicated to providing well-located, amenity-rich workplaces that enable today’s employers to attract and retain talent,” Morreale noted. “Our recent successes show that we are meeting this objective. Being part of the NJBIZ Real Estate Power 50 truly is an honor, as it recognizes Vision Real Estate Partners among the commercial real estate industry leaders who are working to make New Jersey a great place to do business.” Based in Mountain Lakes, Vision Real Estate Partners currently is developing more than 2 million square feet of space, and owns and manages over 125 acres of land parcels available for mixed-use and build-to-suit opportunities in the region. The company focuses on value-add, opportunistic, and select core and core-plus investment activities.