{"id":1004339228,"date":"2019-07-17T23:01:45","date_gmt":"2019-07-18T07:01:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004339228"},"modified":"2019-07-17T23:01:45","modified_gmt":"2019-07-18T07:01:45","slug":"everest-re-leases-315-ksf-in-northern-new-jersey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/everest-re-leases-315-ksf-in-northern-new-jersey\/","title":{"rendered":"Everest Re Leases 315 KSF in Northern New Jersey"},"content":{"rendered":"<div id=\"attachment_1004339231\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Warren-Hill.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004339231\" data-attachment-id=\"1004339231\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/everest-re-leases-315-ksf-in-northern-new-jersey\/warren-hill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Warren-Hill.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;Peter Dant Photography&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Warren-Hill\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Warren Hill. &lt;i&gt;Image courtesy of Vision and Rubenstein&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Warren-Hill.jpg?w=800\" class=\"wp-image-1004339231 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Warren-Hill.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Warren-Hill.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Warren-Hill.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/Warren-Hill.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004339231\" class=\"wp-caption-text\">Warren Hill. <i>Image courtesy of Vision and Rubenstein<\/i><\/p><\/div>\n<p>Everest Reinsurance Co. has signed a 315,000-square-foot lease to relocate its U.S. headquarters to two buildings within a corporate campus in Warren, N.J. The firm will expand its footprint by more than 80,000 square feet, occupying 100 and 200 Warren Corporate Center Drive within the next 18 months.<\/p>\n<p>The new premises within Warren Corporate Center will be renamed Everest Way. Vision Real Estate Partners and Rubenstein Partners, which acquired the five-building campus for $136 million in 2016, will build a four-story glass atrium to connect the two buildings at 100 and 200. The new atrium will feature accessible interior walkways on all floors and a reception area at the main entrance.<\/p>\n<p>Bermuda-based Everest currently houses its U.S. operations at 477 Martinsville Road in Liberty Corner, a few miles west on Interstate 78.&nbsp;CBRE\u2019s Eric Deutsch and Jeff Babikian represented Everest in the lease deal, while Robert Donnelly Sr. and Robert Donnelly Jr. of Cushman &amp; Wakefield represented the building ownership.<\/p>\n<h2>Adding an amenities hub<\/h2>\n<p>The 176-acre Warren Corporate Center, providing around 820,000 square feet of office space, was originally built in 1996 as the headquarters of Lucent Technology. Citigroup fully leased the property in 2004 and made substantial improvements to the infrastructure and amenities.<\/p>\n<p>As part of a repositioning effort, Vision and Rubenstein recently completed a 20,000-square-foot, standalone lifestyle center dubbed Warren Hill. Amenities of the building include an outdoor amphitheater, multi-function conference areas, a fitness center and indoor basketball court.<\/p>\n<p>The northern New Jersey campus directly off I-78 is surrounded by walking trails and has four covered parking structures. Citigroup still occupies most of the campus and is undergoing a phased relocation, according to a statement by the ownership team. Vision and Rubenstein are marketing 510,000 square feet of available space in the property.<\/p>\n<p>Last March,&nbsp;Vision and Rubenstein Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/rubenstein-vision-real-estate-ink-twin-nj-office-deals\/\">bought up Phases I and II<\/a> of the former Morris Corporate Center IV in Parsippany, N.J., adding 700,000 square feet of trophy quality office space to their holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The reinsurance firm will relocate its U.S. headquarters to the Warren Corporate Center. Citigroup is currently in the process of moving out.<\/p>\n","protected":false},"author":744,"featured_media":1004339231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[32789,32799,46379,36039,33728],"class_list":["post-1004339228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-cushman-wakefield","tag-everest-re-group-ltd","tag-rubenstein-partners-lp","tag-vision-real-estate-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Everest Re Leases 315 KSF in Northern New Jersey - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/everest-re-leases-315-ksf-in-northern-new-jersey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everest Re Leases 315 KSF in Northern New Jersey\" \/>\n<meta property=\"og:description\" content=\"The reinsurance firm will relocate its U.S. headquarters to the Warren Corporate Center. 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