JFR Global Acquires Industrial Property In Parsippany For $85.25M

100 Jefferson Road, located in Parsippany, was recently sold in a transaction valued at $85,250,000. This industrial property spans a total of 558,930 square feet and has a price per square foot of $153. The sale was finalized on January 1, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $85,250,000
• Square Footage: 558,930
• Price per Square Foot: $153
• Address: 100 Jefferson Road, Parsippany
• Market: Parsippany

The buyer of this property was JFR Global, while TurnBridge Equities represented the seller, with Andrew Joblon acting as their representative. The deal was facilitated by brokers Jordan Avanzato, Jose Cruz, and Marc Duval from JLL.