PARSIPPANY, NJ–A MetLife subsidiary has sold Morris Corporate Center 4 in Parsippany, NJtoa joint venture between Intercontinental and Ivy Realty. Jeffrey Dunne, Kevin Welsh, Brian Schulz and Frank Maresca of CBRE Institutional Properties worked with Remy deVarenne and Sarah Jones-Maturo of CBRE's Saddle Brook office, to represent MetLife. The team also identified the buyer. This follows on the 2014 sale of Morris Corporate Center 1 & 2 (529,362 square feet).

MCC 4 is a 345,000 square foot largely vacant office property within two interconnected five-story buildings (369 and 379 Interpace Parkway). The property is situated within the 182-acre Morris Corporate Center campus.

Built in 2000, MCC 4 is the newest building in Morris Corporate Center.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

New Jersey