Parsippany, N.J. (January 17, 2017) – Commercial Realty Group (CRG), a full-service real estate operating company with a 40 year history of providing high-quality office and industrial space, announces that it is nearing completion of a major renovation project at 111 Littleton Road in Parsippany, N.J. The renovations to the building were designed and managed by Paul Newman of Kimmerle Newman. Site renovations were designed and managed by Mario Ionelli and Steve Borghio of Borghio & Dewberry. CRG has retained the services of NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, as the exclusive leasing agent for the building. The renovation is slated for completion in 1Q 2018.
111 Littleton Road (previously 119 Littleton Road) is a 36,289-square-foot three-story office building in one of the most in-demand office markets in Morris County. The building boasts a location that is unmatched in terms of access to major highways in the market. With a strategic location at the junction of Routes 80 and 287, 111 Littleton Road boasts both visibility and easy access to both of these main transportation arteries.
Constructed in 1976, CRG purchased the building for its headquarters in 2016 recognizing the unique opportunity presented by its location. The renovation project was designed to bring the building’s functionality up to its extraordinary level of access and includes the addition of a new façade, new two-story atrium, increased parking, new landscaping, new restrooms, common areas and bathrooms, and contemporary fixtures. Upon completion of the project, 111 Littleton Road will boast the access, flexibility and modernity that today’s office tenants’ value.
“Since our acquisition of 111 Littleton Road, we were excited to begin the renovation project to transform this space into a highly exciting headquarters for CRG,” said Andrew Billing, General Manager of CRG. “Our 40 years of experience with the Morris County market gives us the insight and knowledge to create an ideal space geared towards the oft-ignored small business tenant in northern New Jersey. As an owner-operator, we are uniquely positioned to provide tenants with the hands-on service and responsiveness that marks every office property in our portfolio.”
“With affordable rents, easy access in all directions and a wide range of prestigious companies already calling the area home, Morris County is the place to be for small business owners,” added Levering. “It is rare that a newly-renovated building like 111 Littleton Road comes on the market and, upon completion, this space will present an ideal opportunity for a business to find its new home. We look forward to working with CRG and prospective tenants to bring this space to full occupancy in the coming months while bringing exciting new businesses to Morris County.
Interested tenants should visit http://www.loopnet.com/Listing/111-Littleton-Rd-Parsippany-NJ/4018778/ for more information about the property or contact NAI James E. Hanson listing broker W. Joshua Levering, SIOR, at (973)240-2102 or jlevering@naihanson.com.
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.
