Colliers on Tuesday announced it facilitated the sale of 2200 Route 10, a two-story, 63,143-square-foot office building in Parsippany to a 1031 Exchange Buyer for $8.2 million.
The transaction was brokered by a Colliers team comprising Vice Chair Jacklene Chesler, Vice President Patrick Norris, Director Philippe Jomphe, and Director Matthew Cohen.
The property boasts a strong tenant base of government, medical and professional office tenants and offers exceptional visibility and seamless access to major transportation routes, including Routes 46, 202, and Interstates 80 and 287. Its proximity to New York City, local airports, and train stations makes it an ideal location for tenants seeking connectivity and convenience.
“The successful sale of 2200 Route 10 highlights the property’s value as a renovated, strategically located asset in Morris County,” Chesler said. “With substantial capital improvements and a diversified tenant mix, this property offers a compelling opportunity for both immediate returns and long-term growth.”
