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76,000-SF Office Construction Advances

PARSIPPANY, NJ-The building is one of two that will add up to 185,000 sf at the build-out of CRG's InterPark Corporate Campus.

By Eric Peterson | Updated on September 30, 2008

PARSIPPANY, NJ-Commercial Realty Group is completing the shell and core of the new 76,000-sf office building at 100 InterPark Blvd. here. It’s the first of two buildings that will total 185,000 sf of class A office space on 14 acres fronting I-80 near its intersection with I-287. The Morris Plains, NJ-based CRG launched its plans for InterPark Office Campus in April, for a complex being built on foundations and steel of a previous project that lay dormant for more than two decades.

And CRG has hired Cushman & Wakefield to find tenants for InterPark. Josh Cohen, Marc Rosenberg, Bill Brown and Katie Kennedy, all of the firm’s Morristown office, are handling the assignment. Asking rents haven’t been listed as yet, although comparable space in the immediate market area generally commands per sf prices in the $22- to $25-range.

“The flexibility of this property allows us to target tenants that range from small, entrepreneurial types to major companies,” says Cohen, noting the four-story building’s nearly 20,000-sf floorplates and half-dozen corner offices per floor. “It’s a great opportunity for a company to get into new construction. CRG will build interiors out to suit individual tenants’ needs, with units available from 4,500 sf.”

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