Parsippany, NJ — The Kislak Company, Inc. announced the $4.375 millionsale of Colony Plaza, a 40,000 s/f mixed-use office and retail property located at 1180-1220 Rte. 46, Parsippany, Morris County.
Kislak marketed the property on behalf of the seller, a private investor, with sales associate Tom Scatuorchio and senior vice president Matt Weilheimer handling the assignment. Scatuorchio also procured the purchaser, another private investor. “Our close relationships with both the seller and purchaser enabled us to utilize creative solutions to overcome several complicated hurdles in order to ultimately close the transaction,” said Scatuorchio. Weilheimer added: “In my 25 years selling real estate, I have never seen so many complex challenges to closing a deal. It is a credit to the seller and purchaser and their professionalism that we were able to cross the finish line.”