The Kislak Company, Inc. announced the recent sale of a 131,346-square-foot office building on 7.98 acres at 959 Route 46 in Parsippany for $10 million.
Kislak arranged the off-market sale with Senior Vice President Tom Scatuorchio and Managing Director Matt Weilheimer representing the parties, which were not disclosed.
The purchaser is a longtime Kislak client. With this acquisition, Kislak has completed five transactions with the buyer, encompassing nine properties totaling more than 330,000 square feet.
“This was a highly collaborative and creative transaction that required aligning the objectives of the buyer and seller,” said Scatuorchio.
“By leveraging our long-standing relationships and market expertise, we structured a transaction that achieved a successful outcome for all parties. We value our relationships with the buyer and seller and look forward to future opportunities with them.”
The Parsippany property is strategically positioned along Route 46. It features a diverse tenant roster and offers modern office amenities, including a dramatic two-story atrium lobby and on-site food service.
It is located within one of Morris County’s premier corporate corridors and benefits from strong regional accessibility and proximity to major highways and employment centers.
The location provides immediate access to Interstate 80 and Interstate 287, offering convenient connectivity throughout Northern New Jersey and to New York City, which is 30 miles away.
