The seller was 1140/1160 Parsippany Boulevard Associates LLC, alocal group represented in the transaction by senior vice presidentThomas Monahan and associate broker Scott Lawliss of ColliersHouston & Co. The latter is a major tenant at the 88%-leasedcomplex, maintaining a regional office at the site. Other majortenants are Custom Spine Inc. and Core Technologies.
"The buildings have had a history of excellent tenantoccupancy," says Norman Feinstein, Hampshire's executive managingdirector. "They will continue to thrive. This acquisition isanother good addition to our portfolio and offers opportunities forour investors."
The twin buildings are located just off Route 46 near both I-287and I-80 in North Jersey's Morris County.
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