Sale of 30,459 s/f office bldg. brokered by NAI Hanson
Parsippany, NJ — NAI James E. Hanson, a New Jersey-based full-service independent commercial real estate firm, announced it has brokered the sale of a 30,459 s/f office building located at 140 Littleton Rd. in Parsippany. NAI Hanson’s Josh Levering, SIOR and Andrew Kirshenbaum represented the seller, Gisella Haidar, in the transaction. The building was purchased by Choice Properties.
The three-story office building is located in one of New Jersey’s best office markets and is currently 80% leased. It is the closest premier office building to the intersection of Routes 287 and 80 and provides easy access to Routes 280, 24 and 78, the Garden State Parkway, the New Jersey Turnpike and Newark Liberty International Airport. New York City can be reached within 45 minutes.“140 Littleton Rd. is a great property in the Parsippany office submarket, which is one of the premier markets in the state,” said Levering. “The buyer was interested in a value-add investment property, and at 80% leased and with a fantastic location so close to the highways this was a perfect opportunity for them. The office market in New Jersey has been generally stale, but we have been seeing some good activity in this corridor as the assets here are just so well situated.”