Parsippany, N.J. (May 23, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced it has brokered the sale of a 30,459-square-foot office building located at 140 Littleton Road in Parsippany, New Jersey. NAI Hanson’s Josh Levering, SIOR and Andrew Kirshenbaum represented the seller in this 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 Road 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.”
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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 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.