MORRISTOWN, NJ — The joint venture pairing of Vision Properties and The Birch Group have announced The Garibaldi Group as the new leasing team at 350 & 360 Mount Kemble Avenue in Morristown, NJ. The Garibaldi Group (TGG) has committed a team to oversee the project, made up of company CEO Jeff Garibaldi, Directors Jackie Madden and Brian Cass, plus Associate Broker Bojan Nastoski.
This announcement solidifies the partnership between TGG and The Birch Group/ Vision Properties, as Garibaldi is also the exclusive leasing broker for the team’s property at 180 Park Avenue in Florham Park, N.J. 180 Park is also a Class A office building that spans 228,000 square feet and is located in the prestigious Morris County campus known as The Green at Florham Park.
Acquired in 2018, the Class A office buildings at 350 & 360 Mount Kemble Avenue were built in 2001 and provide just under 230,000 square feet of space. With a diverse tenant roster spanning technology, finance, legal and professional services firms, the properties are currently more than 80% occupied. Tenants of both buildings include Coughlin Duffy LLP, Avaya, NFTP, and Grünenthal USA.
After just three years under new ownership, both buildings and the surrounding property have undergone significant improvements, including an expanded full-service café, renovated lobbies, as well as an upgraded fitness center complete with multiple Peloton bikes for tenants to use. The buildings, now Wired Certified Silver, also boasts covered parking with solar panels, an onsite conferencing center, 24-hour secure access with walking paths surrounding a fully landscaped campus that also includes covered outdoor collaboration space plus gathering areas, all alongside a man-made pond.
The joint venture team has promised continued improvements to the property throughout the next three years and beyond, and going off of their recent track record, their commitment seems genuine.
The Birch Group has been one of the most active property owners in the Tri-State office market, acquiring over $800 million of commercial properties since 2019, such as 51 JFK Parkway in Short Hills and 7 and 9 Campus Drive in Parsippany.
Meanwhile, Vision Properties has been a mainstay in the New Jersey market, owning and managing such staple properties as 4 Gatehall Road in Parsipanny, Metropolitan Center in East Rutherford and The Offices at Fox Hill to name a few.
“This ownership group sets itself apart by its understanding of the tenant experience, “ says Ms. Madden. “Perhaps even more important, they understand ‘the moment’ we are in, especially from the tenant’s perspective, and they make it clear they are ready and willing to accommodate whatever future needs may arise.”
With the continued uncertainty around what role the office will play moving forward in company culture, this ownership group certainly chose a great location no matter where the pendulum ends up coming to rest. Located less than a mile from the live-work-play lifestyle of downtown Morristown, tenants can enjoy the bustling city center featuring numerous restaurants, a train station that goes directly in and out of NYC, boutiques, four-star hotels and entertainment venues.
These amenities plus the commutability of the property make it a promising location for tenants to consider for their next office location.
“This team of Birch and Vision Properties have a keen instinct when it comes to understanding the market and knowing when they have an opportunity to differentiate itself from the pack,” says The Garibaldi Group CEO, Jeff Garibaldi Sr. “They are excellent at identifying value in an asset, and then breakdown that value to identify the distinct qualities of the asset and further activate those qualities to help make it stand out even more among competition, plus they are a pleasure to work with.”