Last Mile Investments is now entering the Northeast with its acquisition of Morris Marketplace in Morristown.
Located on the former Colgate-Palmolive corporate campus, at 191 East Hanover Ave., Morris Marketplace offers 85,513 square feet of dining and services including Starbucks, Panda Express, Tropical Smoothie, Habit Burger, Just Salad, Jersey Mike’s, Orangetheory Fitness, Wells Fargo, AT&T, Advance Auto Parts and America’s Best, among many others.
The center is 100% leased.
“Although a new market for us, our acquisition of Morris Marketplace certainly reflects our continued focus on the highest quality suburban locations, with high barriers to entry, and strong tenant demand,” Ryan Moore, CEO of Last Mile Investments said. “We could not be more excited about the long-term opportunity with this asset and will be looking to expand our presence in this particular market and others like it throughout the Northeast.”
Taft Law represented LMI in the acquisition.
