Mirabaud Asset Management has acquired an office campus occupied by an investment grade tenant in Warren, New Jersey for $150.25 million from Philadelphia-based Rubenstein Partners and New Jersey-based Vision Real Estate Partners.
Warren Campus, a 29,000 square meters Class A office campus in Warren, New Jersey, renovated in 2019, is fully leased until 2036 to a leading international reinsurance group.
The office campus serves as the US headquarters for the tenant providing a strong location and a range of amenities for employees. The asset is located in a suburb of New York City, with access to Manhattan in approximately 30 minutes and Newark Airport in 25 minutes.
“Warren Corporate Center’s prime location near New York City, state of the art amenities in a fully renovated office campus, and long-term tenancy by an investment grade tenant, make this acquisition a key part of Mirabaud’s real estate portfolio. We are once again pleased to have completed this acquisition on behalf of our clients and continue to look to grow our institutional real-estate portfolio with similar high-quality office and industrial properties,” commented Vaqar Zuberi, Senior Vice President at Mirabaud Asset Management.