PARSIPPANY, NJ—Stockbridge Capital Group has sold its Halsey Corporate Center, a 100,000-square-foot, class A office building at 90 East Halsey Road in Parsippany, NJ, to Boxer F3, with Boxer Investment Management as its manager. Holliday Fenoglio Fowler arranged the sale.

"I am excited for Boxer to continue to grow its presence in the New Jersey market with such a high quality building,” says Brad Nichol, director of acquisitions for Boxer Property.  “The building presents a stable platform and a great opportunity for Boxer to increase value through our attentive management and leasing teams with a variety of available office suites from 1,000 to 36,000 square feet.”

Halsey Corporate Center features a three-story, glass-enclosed atrium lobby and a full-service cafeteria.  The building is leased to eight companies, including Chemtrade.  The property is less than one mile south of Interstate 80 with immediate access off of Interstate 287.

The HFF investment sales team representing the seller was led by senior managing director José Cruz, managing director Kevin O'Hearn, associate directors Michael Oliver and Stephen Simonelli and supported by senior managing director Andrew Scandalios.

“Investors continue to search for office assets where they can add a significant amount of value through lease-up and expense management,” Cruz says.  “90 East Halsey provides flexible floor plates and very good highway access, which is why we had multiple bids for the asset.”