JOINT VENTURE ACQUIRES MOUNT KEMBLE CORPORATE CENTER IN MORRISTOWN

MORRISTOWN, N.J. — A joint venture between Onyx Equities LLC and Artemis Real Estate Partners has acquired Mount Kemble Corporate Center, a 229,500-square-foot, Class A office complex in Morristown. The purchase price was undisclosed. Built in 2001, the office complex is 64 percent occupied and home to tenants such as Couglin Duffy Kelly, The Willis Group, Liberty Mutual Taisho Pharmaceutical and Massey Quick. The new ownership plans to reposition the complex and reintroduce it to the marketplace as a high-quality, low-cost alternative to the other Class A properties in Morristown. The joint venture will upgrade the complex’s landscaping, concrete walkway, parking lot and bathrooms.