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Signature Acquires Third Building at Parsippany Office Campus
JLL Capital Markets completed the sale of One Jefferson Rd., a Class A office building totaling 100,010 square feet in Parsippany, NJ. A JLL team of Jose Cruz, Jeremy Neuer, Ryan Robertson and Bradley Wachenfeld represented the seller, Office Properties Income Trust, and procured the buyer, Signature Acquisitions.
Completed in 2009, One Jefferson Rd. is a three-story building that is currently fully leased to Day Pitney, a leading U.S. law firm that will be vacating the building at the end of its current lease term later this year. This is Signature’s third purchase in The Center of Morris County, a four-building office campus; all three deals were arranged by JLL.
“Signature has a vision for the future of The Center of Morris and One Jefferson is a crucial piece of the puzzle,” said Neuer. “We are excited to see how the park continues to evolve.”
- ◦Sale/Acquisition