 |
| 600 Parsippany Road Office Building, Parsippany, NJ |
 |
| Stephen Simonelli |
FLORHAM PARK, NJ ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of an
approximately 100,000-square-foot office building located at 600 Parsippany
Road in Parsippany, New Jersey.
HFF marketed the property
on behalf of the seller, Mack-Cali Realty Corporation. A joint venture between Bukiet Building
Management and Mountain Development Corp. purchased the asset free and clear of
existing debt.
600 Parsippany Road is
situated just off exit 40 of Interstate 287 at the four-way interchange with
Parsippany Road. The property is less
than two miles from Interstates 80 and 280 and Routes 24, 46, 10 and 202, and
less than 30 miles from New York City.
The three-story, black
glass building is 92 percent leased to notable tenants, including Aerotek;
Level 3 Communications; Sonneborn; Certified Financial Services; Inglesino,
Webster, Wyciskala & Taylor, LLC; Property Title Group, LLC and Dewberry.
The building features a newly-renovated lobby
with stone and tile flooring and a full-service café on the top floor.
 |
| Michael Oliver |
The HFF investment sales
team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn, directors Michael Oliver and Stephen Simonelli and associate director Marc Duval.
“600 Parsippany road is a
quality asset located within the prime Morris County office market,” Cruz
said. “The property provides the new
owners with stable cash flow given its current occupancy and the potential
upside given leasing the remaining space at higher rents.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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
No comments:
Post a Comment