Property Features Newly Redesigned Lobby, Full-Service Amenities and Hands-On Property Management
Vision Real Estate Partners today announced that full-service insurance company New Agency Partners (NAP) is relocating to Northpoint at 20 Waterview, Parsippany’s premier Class A, modern hospitality-inspired workplace. NAP, a member of the Hilb Group, will occupy 6,600 square feet of the fourth floor at Northpoint at 20 Waterview, where Vision recently completed a multi-million-dollar capital improvement program that included a redesign of the building’s lobby, amenities and common areas.
“Northpoint at 20 Waterview meets tenants’ demands for quality and value unique to the marketplace," said Sam Morreale, founder and managing partner of Vision Real Estate Partners. “Every Vision property is designed to provide our clients with the best possible services and most desirable indoor and outdoor spaces to ensure that companies and their employees are able to thrive and reach their full potential.”
As part of its transformation of the property, Vision 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 a chessboard with four-foot-high pieces. In addition, private phone booths and collaborative work areas with WiFi and power ports complement the work environment. These newly added amenities and renovations help optimize employee productivity by providing an atmosphere that supports a balanced work-play environment.
NAP is relocating to Northpoint at 20 Waterview in April 2020 from 99 Cherry Hill Road in Parsippany. Resource Realty represented NAP in the transaction, while Colliers represented Vision.
“Just like insurance isn’t a one-size-fits-all solution, neither is that perfect office space,” said New Agency Partners Managing Partner Steve Peck. “But thanks to Vision's completely in-house, local property management team, we're confident that we've found the perfect new home at Northpoint. My team and I are thrilled to start this exciting new chapter of our agency.”
Vision Real Estate Partners, which has become well-known in the northern New Jersey market for its bold and successful approach to repositioning 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 completed a full roof replacement and complete renovation to all restrooms. The third phase of Vision’s capital plan will include enhanced landscaping, outdoor dining area improvements and renovations to the café and fitness center.
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 about the property, please visit 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 visionrep.com.
