Everest Reinsurance Co. relocates U.S. HQ to Warren

By Emily Bader
Warren | Jul 16, 2019 at 11:38 am

Everest Reinsurance Co. has relocated its U.S. headquarters from Liberty Corner to Warren, according to an announcement on Tuesday by joint venture partners Vision Real Estate Partners and Rubenstein Partners L.P.

The joint venture said Everest signed approximately 315,000 square feet at the 820,000-square-foot Warren Corporate Center, a 176-acre, five building campus owned by Vision and Rubenstein.

The announcement, the pair said, follows the completion of Warren Hill, a 20,000-square-foot indoor-outdoor lifestyle hub that has helped modernize the campus into a hospitality-inspired work environment. The center features an outdoor amphitheater; indoor and outdoor patio dining; conference areas; a cafe and coffee bar; a fitness center; and an indoor basketball court.

“Our modern workforce demands high-quality office space, which includes exceptional amenities in an environment that activates and echoes their dynamic lifestyles. Our goal is to provide them with an abundant setting where they can learn, grow, and achieve their full potential,” Sam Morreale, founding and managing partner of Vision Real Estate Partners, said. “When thoughtfully programmed, suburban campuses like Warren Corporate Center can provide tenants and their talent with the ideal mix of full-service amenities and desirable outdoor spaces – a balance that is difficult to achieve in a more urban location.”

Everest, which will be expanding its footprint by more than 80,000 square feet, will be located at 100 and 200 Warren Corporate Center Drive, soon to be renamed Everest Way. The company said it will take over the space within the next 18 months.

Rubenstein and Vision said they plan to construct a new four-story glass atrium to connect buildings 100 and 200 to ensure a seamless experience for Everest.

“After a comprehensive analysis and selection process, the Warren Corporate Center was clearly the best option for Everest. We believe our new home will prove to be both an extraordinary work environment and a strategic business hub for our valued colleagues,” Everest CEO Dominic Addesso said.

Eric Deutsch and Jeff Babikian of CBRE represented Everest. Robert Donnelly Sr. and Robert Donnelly Jr. of Cushman & Wakefield represented building ownership in the deal. Financial terms were not disclosed.

Emily Bader | ebader@roi-nj.com | emilybader