NAI Hanson facilitates 3 office leases in Parsippany

By Emily Bader
Parsippany | Jul 26, 2019 at 5:00 am

NAI James E. Hanson, a commercial real estate firm, announced Thursday it has completed three office leases in Parsippany.

The leases, all located at 111 Littleton Road, totaled 8,601 square feet.

NAI Hanson’s Josh Levering and Nicholas DePaolera represented the landlord, Commercial Realty Group, in the deals with the tenants, Strategic Micro Systems Inc. and Cystic Fibrosis Foundation.

The property, NAI Hanson said, is a completely-renovated, 36,289-square-foot, Class A, three-story office building located at the intersection of Interstate 80 and 287. Renovations included a new facade, two-story atrium, increased parking, landscaping, restrooms and full common area upgrades.

“111 Littleton was developed specifically for small to medium-sized companies as it is often difficult for smaller tenants to find affordable, modern, Class-A office space in this market. The building’s ownership, Commercial Realty Group understood these challenges and executed their vision for 111 Littleton to specifically serve the growing number of innovative and growing businesses looking to call Morris County home. CRG’s relationship within the northern New Jersey business community and Morris County allowed an in-depth understanding of the marketplace and the creation of a space tailor made to fit the needs of smaller tenants,” Levering said.

Strategic Micro, founded in 1998, is an IT firm that delivers next-generation technology solutions. NAI Hanson said it was searching for a space to serve as its new headquarters.

“In order to accommodate two autonomous entities of the organization, Strategic Micro Systems, Inc. signed a two-part lease in adjacent units on the building’s second floor. Commercial Realty Group worked directly with Strategic Micro Systems, Inc. to design and build the space to align with their unique needs,” Levering said.

Cystic Fibrosis Foundation, established in 1955, is a nonprofit organization searching for a cure for cystic fibrosis. NAI Hanson said it was looking for a small-scale office to house its operations.

Emily Bader | ebader@roi-nj.com | emilybader