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300 Kimball Dr
SOLD

Signature Acquisitions Purchases 400,000 SF Office In Parsippany For $88M

300 Kimball Dr

Office
400,000 SF
clock iconSold 243 days ago
Michael Oliver
Kevin O’Hearn
Steve Simonelli
+ 3
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Summary

Sale
NEW JERSEY
Office
400,000 sqft

The property involved is a 400,000-square-foot trophy office asset located at 300 Kimball Drive in Parsippany, NJ. The asset was sold for $88 million to Signature Acquisitions. The office building is part of The Center of Morris County office park and is highly esteemed in the Parsippany market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $88,000,000.00
  • Address: 300 Kimball Dr, Parsippany-Troy Hills
  • Market: Parsippany
  • Seller's Rep: Kevin O’Hearn(JLL), Michael Oliver(JLL), Peter Kim(JLL), Steve Simonelli(JLL), Michael "Mike" Oliver(JLL)
  • Buyer: Signature Acquisitions
  • SF: 400,000

The sale transaction was facilitated by the JLL Capital Markets team, with Senior Managing Directors Kevin O’Hearn, Jose Cruz, and Jeremy Neuer, along with analyst Peter Kim leading the deal. The deal showcased a flight-to-quality trend in the office sector according to O’Hearn. The building itself, 300 Kimball, is 87% leased to various tenants and boasts amenities like a fitness center, cafeteria, conference center, and outdoor patio.

Players

  • All

    6

  • Agents

    5

  • Agencies

    1

Michael Oliver's profile picture
Michael Oliver
JLL-image
$813.1M Sold
Peter Kim's profile picture

Details

Deal Summary
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SOLD
IMAGE: 12/23/2022 ADDRESS: 300 Kimball Dr, Parsippany-Troy Hills... MARKET: Parsippany ASSET TYPE: Office SELLER'S REP: Kevin O’Hearn(JLL), Michael Oliver(JLL), Peter Kim(JLL), Steve Simonelli(JLL), Michael "Mike" Oliver(JLL) BUYER: Signature Acquisitions PRICE: $88,000,000.00.00 SF: 400000

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Address300 Kimball Dr

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