5 Wood Hollow Road, Parsippany, NJ 5 Wood Hollow Road, Parsippany, NJ

PARSIPPANY, NJ—New York City-based PAG Investments has added to its New Jersey office portfolio with the purchase of the 330,00-square-foot 5 Wood Hollow Road here from Mack-Cali Realty Corp. of Jersey City.

The deal was reported by commercial brokerage firm Cushman & Wakefield. The 5 Wood Hollow Road property was designed by architect Charles Gwathmey of Gwathmey Siegel & Associates Architects. Until recently, the three-story building's top floor—totaling approximately 117,000 square feet—was occupied by AIG.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.