MORRISTOWN, NJ—With the acquisition of 1776 On The Green, Vision Real Estate Partners has expanded its regional investment into the downtown Morristown office market. Vision's plans for the iconic, 150,000-square-foot office tower—including collaborating with the adjacent Pioneer Park improvements project—are in keeping with its signature approach to selective acquisitions and ongoing commitment to public/private partnership.

Located at 67 Park Place East, 1776 On The Green is situated on the Morristown Green at the corner of Speedwell Avenue, in the heart of Morris County's suburban live/work/play CBD. Cushman & Wakefield's Metropolitan Area Capital Markets Group orchestrated the recent trade from Deutsche Bank Asset Management for a reported $32 million, according to industry sources.

“We have established a deep suburban foothold around Morristown, and becoming part of this vibrant CBD has been part of our expansion goal for some time,” says Vision Real Estate Partners' Sam Morreale, founder and managing partner. “We immediately recognized 1776 On The Green as the right fit. This well-leased core asset holds historic significance and occupies a premier location on the Morristown Green. We will leverage our expertise as a proactive owner as we work to elevate the tenant experience and introduce unique amenities.”