2B — May 11 - 24, 2018 — New Jersey — M id A tlantic
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Cruz, O’Hearn, Oliver & Simonelli represent seller HFFannounces saleof +335Ks/f Lanidex Plaza in Parsippany
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arsippany, NJ — Holliday Fenoglio Fowler, LP (HFF) an-
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nounced the sale of 100 - 700 Lanidex Plaza, a sev- en-building of f i ce com- plex totaling 335,060 s/f in Parsippany. The HFF teammarket- ed the prop- erty on behalf of the seller, an affiliate of Hartford Investment M a n a g e - ment Com- pany , and p r o c u r e d t he buye r , 1H7H Lan- idex, LLC , an affiliate of Parsippany- based Milelli Real Estate P a r t n e r s (MREP) . L a n i d e x Plaza com- prises seven office build- i n g s t h a t
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For more information, visit WolfCRE.com or call 856-857-6300 .
Jose Cruz
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Marlton, NJ l King of Prussia, PA
over 30 years. The ownership is committed to total rebrand- ing and repositioning of this park, which totals approxi- mately 450,000 s/f on 50 acres and is one of the most desirable locations in the state. The HFF investment adviso- ry team representing the seller included senior managing di- rector Jose Cruz, managing director Kevin O’Hearn and senior directors Michael Oli- ver and Stephen Simonelli . “Lanidex is a well-located office park with significant upside potential,” said Cruz. “The buyer can reposition the individual buildings by adding capital and releasing.” share amenities, including a full-service cafeteria and conference center. The two and three-story properties are located at 100-700 Lanidex Plaza on a 33.72-acre site that is adjacent to the intersection of Interstates 287 and 80 in New Jersey’s Morris County. This location is also convenient to State Rtes. 10 and 46, which are some of northern New Jer- sey’s densest retail corridors. Combined with the 2015 purchase of 800-900 Lanidex Plaza by 8H9H Lanidex, LLC, also an affiliate of Milelli Real Estate Partners, 100-900 Lan- idex Plaza is now owned by one ownership for the first time in Call today and ask about our Spring Specials 700 Lanidex Plaza aerial
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