Morris Corporate Center 1 and 2, Parsippany, NJ
PARSIPPANY, NJ—P3 Properties of Bloomfield, NJ has added approximately 550,000 square feet of office space to its portfolio with the purchase of Morris Corporate Center 1 and 2 here.
The firm purchased the two-building Class A office complex from an affiliate of Brookwood Financial Partners, LLC, according to JLL, which represented the seller and procured the buyer in the transaction. The JLL Capital Markets team representing the seller included senior managing directors Jose Cruz and Kevin O'Hearn, director Mark Mahasky, senior directors Michael Oliver and Steve Simonelli and associate Nick Stefans.
No financial terms of the transaction were disclosed. The four-story properties are currently 67% leased to a variety of tenants including Zurich Insurance, York Risk Services, Ipsos, ICAP and Wallenius Wilhelmsen.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
