MORRISTOWN, NJ-JLL Capital Markets has completed the $88 million sale of 300 Kimball, an approximate 430,000-square-foot, trophy office property in Parsippany, NJ. JLL represented the owner, Sovereign Partners LLC, in the sale of the property to Signature Acquisitions.
JLL also handled the prior sale from State Farm to Sovereign Partners in 2019, in addition to having sold Signature Acquisitions the adjacent building (100 Kimball) in 2019.
Completed in 2001 and most recently renovated in 2013, 300 Kimball is a five-story office property that is 87% leased to a variety of tenants, including anchors FM Global, Langan Engineering, embecta and Western World Insurance/AIG. The building is LEED Silver-certified, a recipient of the BOMA Building of the Year award and offers tenants an outstanding variety of features and amenities such as an impressive granite façade, dramatic atrium lobbies, state-of-the-art fitness center with locker rooms and golf simulator, full-service cafeteria with expansive seating, tenant lounge/game room with after-hours grab and go food service, modern conference center, outdoor patio with putting green, electric car charging stations, walking trail and ample covered parking including a separate gated executive section.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
