P3 Properties Acquires 300 Interpace Pkwy From Brookwood Financial Partners LLC With Kevin O’Hearn As Seller's Representative

The properties involved in this transaction are Morris Corporate Center 1 & 2, two Class A office buildings totaling 550,000 square feet located at 300 Interpace Parkway and 1 Upper Pond Road in Parsippany, N.J. The buildings are situated within a 31-acre corporate center, featuring four atrium lobbies, two cafés, two conference rooms, and a 5,000-square-foot fitness center that includes locker rooms and a yoga studio.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 300 Interpace Pkwy, Parsippany, N.J.
• Seller: Brookwood Financial Partners LLC
• Buyer: P3 Properties
• Seller's Representative: Kevin O’Hearn - JLL
• Leased Tenants: Zurich Insurance, York Risk Services, Ipsos

The transaction was facilitated by a team from JLL, consisting of Jose Cruz, Kevin O’Hearn, and Mark Mahasky, who represented the seller, an affiliate of Brookwood Financial Partners LLC, while also procuring the buyer P3 Properties. At the time of the sale, the properties were 67% leased to various tenants.