NAI James E. Hanson Announces Lease for Under-Renovation Office Building in Parsippany, N.J.
Pre-leasing brings the 36,289-square-foot building to 50% occupancy in advance of August completion
Parsippany, N.J. (August 15, 2018) – NAI James E. Hanson, a leading New Jersey based full-service independent commercial real estate firm, and Commercial Realty Group (CRG) have announced a recent lease completion for 6,905 square feet of office space with Strategic Micro Systems, a leading regional IT company, at 111 Littleton Road in Parsippany. NAI James E. Hanson’s W. Joshua Levering, SIOR, and Nicholas DePaolera, represented the landlord, CRG 119, LLC, in the transaction.
Currently under renovation, 111 Littleton Road is a 36,289-square-foot three-story office building at the intersection of I-80 and I-287 in Parsippany featuring a high level of access and exceptional visibility. The lease with Strategic Micro Systems together with CRG’s 8,000-square-foot lease for their corporate headquarters brings 111 Littleton Road to over 40 percent leased ahead of a scheduled Q3 2018 renovation completion.
Designed by Paul Newman of Kimmerle Newman with renovations managed by Michael A. Walsh, President of CRG affiliate, Corporate Contacting, Inc., the renovation project at 111 Littleton is focused on providing Morris County’s small businesses with modern Class “A” space and functionality. Renovations include the addition of a new façade, a new two-story atrium, increased parking, new landscaping, new restrooms, and full common area upgrades. “Small business is the backbone of the American economy but it’s often difficult for the image-conscious small business to find appropriate space. We deliver that here at 111,” said Andrew H. Billing, CRG General Manager.
“Finding quality office space for today’s small businesses can often be a challenge. In response to this, the smaller floor plates found at 111 Littleton allows CRG’s construction team to design and build spaces tailored to small business owners. This flexibility, coupled with highly favorable lease terms and best-in-class highway access, makes this building uniquely suited to fit the needs of the modern small business,” said Levering. “This recent lease highlights the adaptability of the building and we look forward to continuing to work with companies across the area to help them create their new long-term homes.”
111 Littleton Road has units available starting at 1,250 square feet that are ideally suited to a wide range of businesses. Interested tenants should visit https://111littleton.com/ for more information about the property or contact NAI James E. Hanson listing broker W. Joshua Levering, SIOR, at (973)240-2102 or firstname.lastname@example.org.
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