14B — August 12 - 25, 2016 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey Marketed the property on behalf of the seller, Mack-Cali Realty Corporation HFF closes sale of Parsippany office building P ARSIPPANY, NJ — Holliday Fenoglio Fowler, L.P. (HFF)

Parsippany Rd. The property is less than two miles from I-80 and I-280 and Rtes. 24, 46, 10 and 202, and less than 30 miles from New York City. The three-story, black glass building is 92% leased to nota- ble tenants, including Aerotek; Level 3 Communications; Son- neborn; Certified Financial Services; Inglesino, Webster, Wyciskala & Taylor, LLC; Property Title Group, LLC and Dewberry. The building features a newly-renovated lobby with stone and tile floor- ing and a full-service café on the top floor.

The HFF investment sales team representing the seller was led by senior managing director Jose Cruz , manag- ing director Kevin O’Hearn , directors Michael Oliver and Stephen Simonelli and as- sociate director Marc Duval . “600 Parsippany Rd. is a quality asset located within the prime Morris County office market,” Cruz said. “The prop- erty provides the new owners with stable cash flow given its current occupancy and the potential upside given leasing the remaining space at higher rents.” n AIA-NJ recognizes Slade Architecture with Merit Award NEWARK, NJ — The New Jersey Chapter of the American Institute of Architects (AIA-NJ) has recognized Slade Archi- tecture with a Merit Award in the interiors category in recognition of its work on the Virgin Atlantic Clubhouse in Newark Liberty Interna- tional Airport in Newark. The Newark Clubhouse, located airside after secu- rity checks in Terminal B, completed renovations in 2012. It delivers a comfort- able, friendly and luxurious environment in one of the nation’s busiest interna- tional airports. A constella- tion of sparkling pinpoint lights draws visitors into the sculpted entry passage, creating an extended de- compression zone between the bustling terminal and the relaxed luxury of the clubhouse. The Clubhouse is organized around a faceted bar in the center of the lounge, culmi- nating in a crystalline bottle display under the central sky- light. Light ripples across the ceiling, encompassing an ab- stract geometric canopy that spills up into the two sky- lights. Slade Architecture designed the Clubhouse with a series of distinct spaces that pinwheel around the bar. n Virgin Atlantic Clubhouse

has closed the sale of an 100,000 s/f office building lo- cated at 600 Parsippany Rd. in Parsippany. HFF marketed the property on behalf of the seller, Mack- Cali Realty Corporation . A joint venture between Bukiet Building Management and Mountain Development Corp. purchased the asset free and clear of existing debt. 600 Parsippany Rd. is situ- ated just off exit 40 of I-287 at the four-way interchange with

600 Parsippany Rd.

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