CBRE Group Arranges Sale of Morris Corporate Center 4

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.