Agadia Systems Acquires Office Building In Morris Plains From Chopp Holdings For $10.25M

The property involved in this transaction is an office building located at 201 Littleton Road in Morris Plains. The asset was sold for $10,250,000, encompassing a total square footage of 89,100. The price per square foot for the transaction was $115.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,250,000
• Address: 201 Littleton Road
• Market: Morris Plains
• Buyer's Name: Agadia Systems
• Seller's Name: Chopp Holdings
• Brokers: David Bernhaut, Frank DiTommaso, Andrew Schwartz, Jordan Sobel, Andre Balthazard, Dan Bottiglieri - Cushman & Wakefield
• Mortgage Brokers: Brian Anderson, Eddie Miro - Cushman & Wakefield

Agadia Systems plans to relocate its global headquarters from Parsippany to the new location. Cushman & Wakefield represented the seller, Chopp Holdings, in this transaction and facilitated the sourcing of the buyer as well as arranging the financing.