More than 53,000 square feet of leasing activity has taken place at 299 Cherry Hill Road in Parsippany following the completion of a significant capital improvement program at the North Jersey building, according to a Monday announcement from broker Lincoln Property Company.
“299 Cherry Hill Road is considered one of the best-located office buildings in North Jersey, accessible to New York City in 30 minutes by car and close to a deep and talented labor pool,” Rick Genthe, senior vice president of Leasing for Lincoln, said. “When you pair the location with the completion of several building upgrades, including the addition of a new tenant amenity center, 299 Cherry Hill Road offers the preeminent office environment for small and medium-size tenants looking for high-quality space in the Parsippany market.”
Owned by Red River Asset Management, the property is now 98% leased.
The following leases were recently signed at the property, with the Lincoln team of Rick Genthe, Bob Lee and Sean O’Brien representing Red River in the negotiations:
- Unified Women’s Healthcare initially leased 3,041-square-foot lease on the first floor and signed a 5,981-square-foot lease to expand to the second floor. The tenant was represented by Larry Martin of JLL.
- New Jersey Sports Management leased 4,084 square feet on the first floor and was represented by Suzanne Kiall of Lee & Associates.
- ACRE Operating Group leased 5,802 square feet on the second floor and was represented by Tom Consiglio and Scott Peck of Resource Realty.
- Denville Pediatrics leased 5,751 square feet on the second floor and was represented by Nick Savage and Ron Volk of CBRE.
- NUVIA Dental leased 8,530 square feet on the second and third floors and was represented by Transworld Commercial Real Estate.
In addition to the new leases, Lincoln also negotiated more than 20,000 square feet in renewals at the property. Law firm Kinney, Lisovicz, Reilly & Wolff renewed its lease for 9,816 square feet; Resource Realty of Northern New Jersey renewed its lease for 3,318 square feet; and geotechnical engineering firm Haley & Aldrich renewed its lease for 7,071 square feet.
The property underwent a major capital improvement program that was completed in 2024, which included the redesign of the exterior façade; new signage on Cherry Hill Road; a new electronic tenant directory and LED lighting in the main lobby; and a new tenant amenity center, which features a grab-n-go food service, a conference/training room, and a smaller huddle room.
Ownership additionally installed a new high-efficiency boiler, a new energy-efficient roof, and repaved the parking lot, which now includes six EV charging stations for tenant use.
In addition to providing leasing services, Lincoln also provides property management services for the building, led by Adam Greenberg.
