MORRISTOWN, NJ—An affiliate of Marcus Partners acquired 44 Whippany Road, a 230,000-square-foot, class A office building in Morristown, NJ, from RXR Realty for $21.5 million.
Holliday Fenoglio Fowler marketed the property exclusively on behalf of the seller and procured the buyer. The HFF investment sales team representing RXR Realty was led by senior managing director José Cruz, managing director Kevin O'Hearn, directors Michael Oliver and Stephen Simonelli, associate director Marc Duval and support by executive managing director Michael Tepedino and senior managing director Andrew Scandalios.
“44 Whippany is well located within the suburban Morris county market,” says Cruz. “The property is a great option for tenants that need flexible leasing options in the Western New Jersey submarkets. The new owner will be substantially repositioning this building.”
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
Already have an account? Sign In Now
© 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.