Signature Acquisitions Acquires Office Building In Parsipanny, NJ For $88M

The recently closed property transaction in Parsipanny, NJ involved the sale of an office asset located at 300 Kimball Drive. The property spans 400,000 square feet and was sold for a total price of $88,000,000, resulting in a price per square foot of $220. The transaction took place on December 23, 2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $88,000,000
• Address: 300 Kimball Drive, Parsipanny, NJ
• Market: Parsipanny, NJ

The buyer in this transaction was Signature Acquisitions, while the seller was Sovereign Partners LLC. The deal was facilitated by the brokers Kevin O'Hearn, Jose Cruz, Jeremy Neuer, and Peter Kim, who are associated with JLL.

These key individuals and companies played integral roles in the successful completion of the transaction. Their expertise and negotiation skills helped facilitate the sale of the office asset at 300 Kimball Drive in Parsipanny, NJ.