Sunday, August 9, 2015

HFF closes sale of Class A office building in Parsippany, NJ

Halsey Corporate Center, 90 East Halsey Road, Parsippany, NJ

Jose Cruz
FLORHAM PARK, NJ –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Halsey Corporate Center, a 100,000-square-foot, Class A office building located at 90 East Halsey Road in Parsippany, New Jersey.

HFF marketed the property on behalf of the seller, Stockbridge Capital Group, LLC and procured the buyer, Boxer F3 LLC, with Boxer Investment Management as its manager.

Halsey Corporate Center features a three-story, glass-enclosed atrium lobby and a full-service cafeteria. 

 The building is leased to eight companies, including Chemtrade.  The property is less than one mile south of Interstate 80 with immediate access off of Interstate 287.

The HFF investment sales team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn, associate directors Michael Oliver and Stephen Simonelli and supported by senior managing director Andrew Scandalios.

Kevin O'Hearn
“Investors continue to search for office assets where they can add a significant amount of value through lease-up and expense management,” Cruz said. 

 “90 East Halsey provides flexible floor plates and very good highway access, which is why we had multiple bids for the asset.”

"I am excited for Boxer to continue to grow its presence in the New Jersey market with such a high quality building,” director of acquisitions for Boxer Property Brad Nichol said.

 “The building presents a stable platform and a great opportunity for Boxer to increase value through our attentive management and leasing teams with a variety of available office suites from 1,000 to 36,000 square feet.”

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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