January 2026

M id A tlantic Real Estate Journal — New Jersey — January 2026 — 3B

www.marej.com

N ew J ersey Firm brokers owner-user office deal in Parsippany and medical office sale in Fair Lawn Colliers delivers dual sales in two of Northern New Jersey’s most active submarkets

within a dense healthcare ecosystem, with eight major hospitals, including Hacken- sack University Medical Cen- ter, within 11 miles. Colliers marketed it as a stable invest- ment, emphasizing long-term tenants, tenant-owned and maintained specialized build- outs, and strong demand for medical office space in North- ern New Jersey. “The sale of 14-01 Broadway reflects the continued inves- tor appetite for high-quality medical office assets in supply- constrained submarkets,” said Chesler. MAREJ

ORTH JERSEY — Colliers has arranged the sale of 45 Wa-

terview Blvd. in Parsippany. The transaction followed the recent departure of DSM Nu- tritional Products, the build- ing’s former sole occupant. Colliers represented the seller and secured the buyer, an end- user. The deal was facilitated by a Colliers team led by vice chair Jacklene Chesler , vice president Patrick Nor - ris , executive vice president Samuel Horowitz and Team transaction manager Brit- tany Leventoff . The property is a 107,000 s/f, four-story office building strategically positioned with immediate access to Rte. 46, I-80, and I-287. 45 Waterview sits within one of Northern New Jersey’s most established corporate corridors and ben- efits from nearby shopping, dining, and hospitality at Waterview Marketplace. Par- sippany continues to attract major employers and invest- ment activity, with more than 765,000 s/f of leasing over the past year and an ongoing transformation of older office products into new uses. The sale at 45 Waterview highlights Colliers’ continued momentum in the Parsippany market, marking the team’s fifth office sale in the sub- market within the past year. Recent closings include 600 Parsippany Rd., 2 Gatehall Dr., 140 Littleton Rd., 2200 Rte. 10, 150 Smith Rd., and 1 Jefferson Rd., underscoring both the strength of Parsip- pany as a commercial hub and Colliers growing presence across the market. In Fair Lawn, Colliers also completed the sale of 14-01 Broadway, a 15,000 s/f, three- story medical office building in Fair Lawn. The property was sold to a private investor fol- lowing a competitive auction process. The Colliers team, led by Chesler, Norris, and Leven- toff, handled the REO sale on behalf of the Special Servicer. The property is anchored by AbraHealth Children’s Surgery Center, which occupies more than 50% of the rentable build- ing area and has operated at the site since its construction in 2012. Additional tenants include established health- care providers, reinforcing the property’s role as a premier outpatient medical destination. The property is located

Jacklene Chesler

Patrick Norris

Brittany Leventoff

Samuel Horowitz

45 Waterview Blvd.

Total Deals 25

SF Sold 2M+

Market Share* 91%

2025 Tri-State Investment Sales

*91% of all Ten-X auction sales in New Jersey for transactions $3.5M and above

FEATURED OFFICE DEALS

PPL Tower Allentown, PA 448,000 SF

600 Parsippany Rd Parsippany, NJ 100,035 SF

Evesham Corporate Center Marlton, NJ 133,822 SF

240 Cedar Knolls Rd Cedar Knolls, NJ 117,492 SF

FEATURED RETAIL DEALS

Hazlet Town Center Hazlet, NJ 199,000 SF

Triangle Junction Brooklyn, NJ 63,848 SF

Waverly Plaza Patchogue, NJ 98,182 SF

Tri-State Retail Center Montague, NJ 114,679 SF

Patrick Norris Vice President 973 299 3010 patrick.norris@colliers.com

Brittany Leventoff Team Transaction Manager 732 734 0709 brittany.leventoff@colliers.com

Jacklene Chesler Vice Chair 973 299 3083 jacklene.chesler@colliers.com

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