150 SMITH ROAD - LoopNet...Jonathan Schlussel Associate. 973.299.3010....
2
150 SMITH ROAD PARSIPPANY, MORRIS COUNTY, NEW JERSEY OVERVIEW Colliers International has been retained as the exclusive advisor for the fee simple sale of 150 Smith Road, Parsippany, Morris County, New Jersey. 150 Smith Road is a 19,569 SF office building. The building is fully occupied with a strong credit tenant, Planned Companies. Planned Companies employs over 2,800 people. With a portfolio of over 400 properties across sox states, Planned Companies has become one of the leaders in real estate services throughout the Northeast. COLLIERS INTERNATIONAL NJ LLC Morris Corporate Center I 300 Interpace Parkway, Building C, 3 rd Floor Parsippany, NJ 07054 www.colliers.com No representation is made to the accuracy of the information furnished herein and same is submitted subject to errors, omission, change of prices, rental, or other conditions, prior sale, lease, and/or withdrawal without notice. The furnishing of this information shall not be deemed a hiring. Jacklene Chesler Senior Managing Director 973.299.3083 [email protected] Jonathan Schlussel Associate 973.299.3010 [email protected] For more information contact: OFFERING HIGHLIGHTS Since 2005, 150 Smith Road serves as the corporate headquarters for Planned Companies. They have demonstrated their commitment to the location by recently renewing their lease until the end of 2026. Fully occupied single-tenant leased building with 10 years of remaining lease term and structured rent increases. Well maintained asset, with approximately $1 million spent over the last 10 years, approximately half of which has been spent over last few years. Highly Accessible - located at the intersection of I-287 and I-80. Strong Demographics – property is located within Morris County, one of the 10 wealthiest counties in the U.S., providing a highly educated workforce. Matthew Brown Senior Financial Analyst 973.299.3075 [email protected]
Transcript of 150 SMITH ROAD - LoopNet...Jonathan Schlussel Associate. 973.299.3010....
150 SMITH ROADPARSIPPANY, MORRIS COUNTY, NEW JERSEY
OVERVIEW
Colliers International has been retained as theexclusive advisor for the fee simple sale of 150Smith Road, Parsippany, Morris County, NewJersey.
150 Smith Road is a 19,569 SF office building. Thebuilding is fully occupied with a strong credit tenant,Planned Companies.
Planned Companies employs over 2,800people. With a portfolio of over 400 propertiesacross sox states, Planned Companies has becomeone of the leaders in real estate services throughoutthe Northeast.
COLLIERS INTERNATIONAL NJ LLCMorris Corporate Center I300 Interpace Parkway, Building C, 3rd FloorParsippany, NJ 07054www.colliers.com
No representation is made to the accuracy of the information furnished herein and same is submitted subject to errors, omission, change of prices, rental,or other conditions, prior sale, lease, and/or withdrawal without notice. The furnishing of this information shall not be deemed a hiring.
Jacklene CheslerSenior Managing [email protected]
Jonathan [email protected]
For more information contact:
OFFERING HIGHLIGHTS
Since 2005, 150 Smith Road serves as the corporateheadquarters for Planned Companies. They havedemonstrated their commitment to the location byrecently renewing their lease until the end of 2026.
Fully occupied single-tenant leased building with 10years of remaining lease term and structured rentincreases.
Well maintained asset, with approximately $1 millionspent over the last 10 years, approximately half of whichhas been spent over last few years.
Highly Accessible - located at the intersection of I-287and I-80.
Strong Demographics – property is located within MorrisCounty, one of the 10 wealthiest counties in the U.S.,providing a highly educated workforce.
Matthew BrownSenior Financial [email protected]
150 SMITH ROADPARSIPPANY, MORRIS COUNTY, NEW JERSEY
Accessibility / Major Roadways
Interstate 80 .1 Miles US Route 202 1.2 Miles
Intestate 287 .4 Miles NJ Route 10 2.7 Miles
Route 46 .5 Miles Interstate 280 3.1 Miles
COLLIERS INTERNATIONAL NJ LLCMorris Corporate Center I300 Interpace Parkway, Building C, 3rd FloorParsippany, NJ 07054www.colliers.com
No representation is made to the accuracy of the information furnished herein and same is submitted subject to errors, omission, change of prices, rental,or other conditions, prior sale, lease, and/or withdrawal without notice. The furnishing of this information shall not be deemed a hiring.
Jacklene CheslerSenior Managing [email protected]
Jonathan [email protected]
For more information contact:
Matthew BrownSenior Financial [email protected]
150 Smith Road
