{"id":1004374709,"date":"2019-12-10T10:37:10","date_gmt":"2019-12-10T18:37:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004374709"},"modified":"2025-02-27T21:52:07","modified_gmt":"2025-02-28T05:52:07","slug":"cushman-wakefield-arranges-sale-of-330-ksf-office-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/","title":{"rendered":"Cushman & Wakefield Arranges Sale of 330 KSF Office Property"},"content":{"rendered":"
\"\"<\/a>

5 Wood Hollow. Image courtesy of Cushman & Wakefield <\/em><\/p><\/div>\n

Mack-Cali Realty Corp. has sold a Class A, 330,000-square-foot office building in Parsippany, N.J., to PAG Investments. Yardi Matrix data shows the asset last traded in 2004.<\/p>\n

Cushman & Wakefield Executive Vice Chairmen Andy Merin, David Bernhaut, Vice Chair Gary Gabriel, Executive Managing Director Brian Whitmer, Managing Director Kyle Schmidt and Associate Director Frank DiTommaso worked on behalf of the seller and procured the buyer, with support from Managing Director William O\u2019Keefe and Director Kelsey Nakamura. Recently, a similar team brokered the sale of a 115,000-square-foot office<\/a> situated a few miles southwest.<\/p>\n

Located at 5 Wood Hollow Road on a 23-acre site, the three-story building is close to major roads such as interstates 80 and 287, as well as routes 46 and 202. Additionally, the property is within walking distance of several, dining, retail and hospitality options, including the Sheraton Parsippany Hotel.  <\/p>\n

Tenants and Amenities<\/h2>\n

Completed in 1980 and designed by architect Charles Gwathmey of Gwathmey Siegel & Associates Architects, the office property includes a stone and reflective glass exterior, full-height atrium lobby and a new roof system and backup power with three on-site transformers. Common-area amenities consist of a full-service cafeteria and a fully-renovated fitness center with shower and locker facilities. The new owner intends to make significant improvements to the building\u2019s common areas.   <\/p>\n

The tenant roster includes CoynePR and DRG, according to Yardi Matrix information. Until recently, AIG occupied the building\u2019s top floor, which totals roughly 117,000 square feet. The space’s layout is configured to accommodate a full-floor occupant and includes office furniture and infrastructure to support the requirements of a large tenant.     <\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"

The brokerage team worked on behalf of the seller and procured the buyer. The Class A New Jersey building last traded in 2004. <\/p>\n","protected":false},"author":748,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1600,21742,10,21747],"tags":[35022,32799,35020,35021,33554],"class_list":["post-1004374709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-brian-whitmer","tag-cushman-wakefield","tag-david-bernhaut","tag-gary-gabriel","tag-mack-cali-realty-corporation"],"acf":[],"yoast_head":"\nCushman & Wakefield Arranges Sale of 330 KSF Office Property - 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\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield Arranges Sale of 330 KSF Office Property\" \/>\n<meta property=\"og:description\" content=\"The brokerage team worked on behalf of the seller and procured the buyer. The Class A New Jersey building last traded in 2004.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-10T18:37:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:52:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/\",\"name\":\"Cushman & Wakefield Arranges Sale of 330 KSF Office Property - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\",\"datePublished\":\"2019-12-10T18:37:10+00:00\",\"dateModified\":\"2025-02-28T05:52:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\",\"width\":827,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cushman & Wakefield Arranges Sale of 330 KSF Office Property\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\",\"name\":\"Lucia Morosanu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"caption\":\"Lucia Morosanu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cushman & Wakefield Arranges Sale of 330 KSF Office Property - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/","og_locale":"en_US","og_type":"article","og_title":"Cushman & Wakefield Arranges Sale of 330 KSF Office Property","og_description":"The brokerage team worked on behalf of the seller and procured the buyer. The Class A New Jersey building last traded in 2004.","og_url":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-12-10T18:37:10+00:00","article_modified_time":"2025-02-28T05:52:07+00:00","og_image":[{"width":827,"height":400,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","type":"image\/jpeg"}],"author":"Lucia Morosanu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/","url":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/","name":"Cushman & Wakefield Arranges Sale of 330 KSF Office Property - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","datePublished":"2019-12-10T18:37:10+00:00","dateModified":"2025-02-28T05:52:07+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","width":827,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-330-ksf-office-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Cushman & Wakefield Arranges Sale of 330 KSF Office Property"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5","name":"Lucia Morosanu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","caption":"Lucia Morosanu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004374709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/748"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004374709"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004374709\/revisions"}],"predecessor-version":[{"id":1004374772,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004374709\/revisions\/1004374772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004365520"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004374709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004374709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004374709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}