{"id":1004179432,"date":"2017-06-07T05:16:41","date_gmt":"2017-06-07T13:16:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004179432"},"modified":"2021-05-14T23:16:08","modified_gmt":"2021-05-15T07:16:08","slug":"mane-usa-finds-new-home-in-nj","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mane-usa-finds-new-home-in-nj\/","title":{"rendered":"Mane USA Finds New Home in NJ"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004179436\" style=\"width: 330px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004179436\" data-attachment-id=\"1004179436\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mane-usa-finds-new-home-in-nj\/capture-104\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture.png\" data-orig-size=\"996,747\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"339 Jefferson Road, Parsippany, N.J.\" data-image-description=\"&lt;p&gt;339 Jefferson Road, Parsippany, N.J.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;339 Jefferson Road, Parsippany, N.J.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture.png?w=996\" loading=\"lazy\" class=\"wp-image-1004179436 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture.png\" alt=\"339 Jefferson Road, Parsippany, N.J.\" width=\"320\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture.png 996w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Capture.png?resize=768,576 768w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/a><p id=\"caption-attachment-1004179436\" class=\"wp-caption-text\">339 Jefferson Road, Parsippany, N.J.<\/p><\/div>\n<p>Prism Capital Partners, in a joint venture with The Davis Cos., announced <a href=\"https:\/\/www.commercialsearch.com\/news\/p3re-aquires-broadacres-office-park-for-32m\/\">the disposition of<\/a> 339 Jefferson Road in Parsippany, N.J. The 102,000-square-foot building traded for $15.65 million, public records show. The buyer was French flavor and fragrance manufacturer Mane USA, which will move its headquarters from 60 Demarest Drive in Wayne, N.J., and plans to occupy 70,000 square feet. The asset was formerly known as Kingsbridge Corporate Center IV and last changed hands in 2013, for a reported $7.25 million.<\/p>\n<p>Prism Capital Partners is\u00a0currently fitting the construction to meet the new owner\u2019s corporate headquarters needs and will continue to manage the property.<\/p>\n<p>\u201c<em>The drive to do more in less space has resulted in a growing number of single-tenant properties being repurposed to accommodate multiple users with smaller requirements,<\/em>\u201d Prism Capital Partners Principal Edwin Cohen said in a prepared statement.<\/p>\n<p>The granite building went through a series of renovations and includes features like an upgraded full-height atrium lobby with fireplace and a refurbished fitness center and caf\u00e9. According to Yardi Matrix, the three-story asset was built in 1987 and sits on five acres, offering 410 covered and surface parking spaces.<\/p>\n<p>The Morris County asset is located in the vicinity of stores, restaurants and Sheraton Tara and Hyatt House hotels. Interstate 80 and Interstate 287 are nearby, providing tenants with easy access to and from Jersey City and New York City. Mane\u2019s relocation brings the building to full occupancy, with Hollister Construction and Ascent Laboratories occupying the remaining space.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The French fragrance and flavor firm acquired a 102,000-square-foot building in Parsippany, N.J. from Prism Capital Partners and The Davis Cos. The firm plans to relocate there from its headquarters in Wayne, N.J. <\/p>\n","protected":false},"author":241,"featured_media":1004179436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1600,21742,10,21747],"tags":[35992,34749,35120],"class_list":["post-1004179432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-mane-usa","tag-prism-capital-partners","tag-the-davis-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mane USA Finds New Home in NJ - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mane-usa-finds-new-home-in-nj\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mane USA Finds New Home in NJ\" \/>\n<meta property=\"og:description\" content=\"The French fragrance and flavor firm acquired a 102,000-square-foot building in Parsippany, N.J. from Prism Capital Partners and The Davis Cos. 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