Colliers Facilitates $17.8M Sale Of Office Building At 2 Gatehall Drive In Parsippany

2 Gatehall Drive is a 333,000 square foot Class A office building located in Parsippany, which has been sold for $17,800,000. The property, currently 30% occupied, features a solar array, backup power, and high-tech infrastructure, making it attractive for investment due to its value-add potential and adaptability for lab or R&D use.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,800,000
• Square Footage: 333,000 SF
• Price Per Square Foot: $53
• Address: 2 Gatehall Drive
• Market: Parsippany

This transaction was facilitated by the brokerage team of Jacklene Chesler, Patrick Norris, and Philippe Jomphe from Colliers, marking the largest East Coast office deal via Ten-X.com auction.