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Lanidex Plaza Trades Hands in Parsippany, NJ
HFF handled the sale of Lanidex Plaza, a seven-building office complex totaling 335,060 square feet in Parsippany, NJ. HFF marketed the property on behalf of the seller, an affiliate of Hartford Investment Management Company, and procured the buyer, 1H7H Lanidex, LLC, an affiliate of Parsippany, New Jersey-based Milelli Real Estate Partners (MREP).
The office buildings share amenities, including a full-service cafeteria and conference center. The two and three-story properties are located at 100-700 Lanidex Plaza on a 33.72-acre site that is adjacent to the intersection of Interstates 287 and 80 in New Jersey’s Morris County. The location is also convenient to State Routes 10 and 46, which are some of northern New Jersey’s densest retail corridors.
HFF’s investment advisory team representing the seller included Jose Cruz, Kevin O’Hearn, Michael Oliver and Stephen Simonelli.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition