PARSIPPANY, NJ–A MetLife subsidiary has sold Morris Corporate Center 4 in Parsippany, NJtoa joint venture between Intercontinental and Ivy Realty. Jeffrey Dunne, Kevin Welsh, Brian Schulz and Frank Maresca of CBRE Institutional Properties worked with Remy deVarenne and Sarah Jones-Maturo of CBRE's Saddle Brook office, to represent MetLife. The team also identified the buyer. This follows on the 2014 sale of Morris Corporate Center 1 & 2 (529,362 square feet).
MCC 4 is a 345,000 square foot largely vacant office property within two interconnected five-story buildings (369 and 379 Interpace Parkway). The property is situated within the 182-acre Morris Corporate Center campus.
Built in 2000, MCC 4 is the newest building in Morris Corporate Center.
“The property benefits from a newly completed amenity package including a state-of-the-art fitness center, modern café and tenant lounges, which further strengthens its position as the leading availability for large users in the New Jersey market,” says Jeffrey Dunne.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
