Parsippany office building sold, C&W says

A 24,700-square-foot office property in Parsippany has been sold, according to real estate services firm Cushman & Wakefield.

The firm said Littleton Office Center, which comprises 24,708 square feet over three stories at 160 Littleton Road, was sold by the Silverman Group to Sirivarsha LLC. Financial terms were not disclosed.

The team of Andrew Schwartz, Gary Gabriel, Jordan Sobel and Frank DiTommaso represented the seller and procured the buyer. A C&W team led by Mike Nevins will manage the property for the new owner.

“Littleton Office Center benefits from convenient highway access and exceptional demographics in the surrounding vicinity,” Schwartz said in a prepared statement. “These demographics, coupled with the abundance of nearby amenities, create an ideal office environment for employers and employees.”

The building is 94% leased to 17 tenants.