June 12, 2020 Comments Off on Lincoln Property Ends Hold on Parsippany Offices Views: 405 New Jersey, New York News, Tri-State Area New York

Lincoln Property Ends Hold on Parsippany Offices

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CBRE recently arranged the $9-million sale of 10 Lanidex Plaza West, a 75,049-square-foot office property in Parsippany, NJ. Located just off Parsippany Road on Interstate 80, the three-story office building was acquired by MSM Equities for an undisclosed sum.

The CBRE Tri-State Investment Properties team of Charles Berger, Elli Klapper and Mark Silverman, along with A&T Services’ Thomas Mallaney, represented the seller, Lincoln Property Company.

Earlier this year, Mallaney secured a 31,442-square-foot office lease with Solix, Inc., which paved the way for the eventual sale of 10 Lanidex Plaza West at premium pricing, CBRE says. Additionally, the CBRE New Jersey project management team was tapped to manage the build-out of Solix’s office space.

“During these historic, unprecedented economic times, there was tremendous collaboration among ownership, the buyer and all the sales professionals involved to ensure a timely and efficient closing,” said Berger.

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