Vision and Rubenstein’s 35-Acre Office Campus Offers Unrivaled Hospitality-Inspired Experience
Parsippany, N.J. (January 21, 2020) – A joint venture partnership between affiliates of Vision Real Estate Partners and Rubenstein Partners, L.P. today announced that Sax LLP, a top 100 multi-disciplinary accounting, tax and advisory firm, will be relocating this August from Clifton, N.J., to a 39,810-square-foot office at LATITUDE in Parsippany, N.J. The 35-acre, two-building campus is a unique, hospitality-inspired workplace designed to foster a productive and dynamic work-life experience.
“LATITUDE is designed to transcend the traditional work routine,” said Sam Morreale, founder and managing partner of Vision Real Estate Partners. “At LATITUDE, you don’t just come to the office to work – you come here to share experiences across disciplines and companies to become the most successful version of yourself. We look forward to being a part of this exciting new chapter in the future of Sax LLP.”
Vision and Rubenstein are in the process of transforming the 700,000-square-foot campus into a next-generation, holistic workplace with a design theme that features collaborative spaces inspired by cities from across the U.S. — from New York City to Denver to Los Angeles.
“As our firm has succeeded and rapidly grown over the years, we’ve paid close attention to the ever-changing needs of our employees and clients. With that, we’ve worked to find an environment that brings our capabilities to the next level and strengthens us for the future,” said Joseph Damiano, managing partner at Sax LLP. “LATITUDE provides us with world-class services, amenities and an environment that will help us attract the next generation of our workforce. Combined with the building’s innovative design, one can’t help but feel energized working at LATITUDE.”
LATITUDE features two symmetrical five-story wings comprised of offices, meeting spaces, and lifestyle services and experiences. The wings connect through a new central glass atrium built by Vision and Rubenstein, featuring common areas, multiple dining options, fitness centers and city-themed spaces for collaboration. As employees travel from one end of the property to the other, they transition through “time zones” punctuated by artistic and design elements, as well as cuisine options with distinct regional flavors. The campus provides flexibility, productivity benefits and an environment usually seen in bespoke, single-tenant build-out campuses. This latest deal is only one component of significant leasing activity at LATITUDE in recent months. Reckitt Benckiser, a British consumer good company, signed a 187,000 square foot lease renewal and expansion in December 2019.
“We believe that the continued leasing momentum at LATITUDE reflects our ability to consistently create the most desirable product in the best locations,” said Stephen Card, Director of Investments and Principal at Rubenstein. “Together with Vision we have made a place for modern businesses, and tenants are embracing it. “LATITUDE is centrally located in Morris County among a community of top corporate neighbors with direct access to retail and services. The property is located less than a mile from Exit 42B on Interstate 80 and can be accessed via Cherry Hill Road to Interpace Parkway from the east, and from Route 46 via Interpace Parkway from the north. The NJ Transit Bus Route 79, with service to Manhattan, stops directly in front of the building.
Tim Greiner and Brendan McBride of JLL represented Sax LLP in this transaction. For more information about the property or to tour available space, please visit https://latitudenj.com/.