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| Halsey Corporate Center, 90 East Halsey Road, Parsippany, NJ |
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| 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.
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| 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 | www.hfflp.com
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