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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.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition