PARSIPPANY, NJ-Two years ago almost to the day, JamesPostell showed up at 300 Kimball Drivewith his laptop and an ambitious agenda: lease up the wholebuilding - and expand his company Transwesternfrom its Texas base into the Garden State.

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“Today, we're close to 100% occupied,” says Postell about 300Kimball, where he now has his own lovely office to go with thatcomputer. “We've built a case study with this project, we'veestablished ourselves as a full-service company, and we will go onto other projects.”

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In the 4th quarter of 2013, Fiservtook 78,000 square feet at the re-positioned building on KimballDrive in what was the biggest lease of the quarter in northern NewJersey.

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Postell exclusively tells GlobeSt.com anotherlarge tenant will be announced shortly, bringing the 400,000square-foot building to full occupancy. The Morris County property,which had been the headquarters of State Farm Insurance, was aformidable amount of space to take on two years ago when thesuburban office market was at its lowest.

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The five-story building is newer than most in the Parsippanymarket, where vacancy is stuck in the mid-to-upper 20% range. Itwas built in 2001. Over the past two years, Transwesternembarked on a “recreation,” bringing in its architects and buildersto “make it a better building, step-by-step,” Postell says.

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300 Kimball had good bones, but needed to be transformed as amulti-tenant space. Its campus was re-landscaped, parking re-paved,large cafeteria and lobby re-designed and re-finished. An on-sitegym was added.

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“This is the Transwestern model,” says Postell. “Transwestern isnever going to be the biggest full-service realty company in theNortheast, but here they put some of the best talent in each of theareas to support what we did. They flew company people in to serveas engineers property managers, a leasing team. These people cameas a group to make it happen.”

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Given the recent boost in velocity and absorption for thenorthern Jersey office market, Postell predicts, “The Parsippanymarket is going to turn.”

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Specialty pharmaceutical and related companies are growing, henotes, even as the giant drug-makers are breaking apart. “We'veseen the bottom and are moving in a different direction,” Postellsays.

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