111 Littleton Road in Parsippany — Courtesy: NAI James E. Hanson
By Joshua Burd
Three tenants have leased a combined 5,639 square feet at a renovated office building in Parsippany, under a series of transactions announced by NAI James E. Hanson.
Brokers with the firm represented Commercial Realty Group, the landlord at 111 Littleton Road, in the recent activity at the 36,289-square-foot property. The new tenants include Jersey Mortgage Co., Shine Engineering and Edward Lutz LLC.
“As a Morris County-based small business itself, CRG knows how difficult it can be for small businesses to find smaller, modern, well-located office suites in the area,” said NAI Hanson’s W. Joshua Levering, who brokered the deals alongside Nicholas DePaolera. “Upon their acquisition of 111 Littleton, CRG knew there was an opportunity to create a building that could check all of the boxes for image-conscious smaller businesses in their search for space.
“Since successfully executing their vision with the completion of the renovation in 2018, the space has become a highly visible destination for Morris County’s small business community and a place that business owners can be proud to call home.”
In a news release, NAI Hanson recounted renovations including a new façade and two-story atrium, increased parking and new landscaping, along with new restrooms and full common area upgrades. Commercial Realty Group has sought to capitalize on 111 Littleton’s location at the intersection of interstates 80 and 287 and its smaller floorplates, which make it adaptable to suit the needs of small businesses.
Jersey Mortgage Co. is relocating from another building in Parsippany, while Shine Engineering has moved from Montville, NAI Hanson said. Lutz Injury Law was previously based in another CRG-managed building in Parsippany.
“The tenant mix in the building developed just as we hoped,” said Andrew Billing, CRG’s general manager. “Tenants followed CRG’s lead and went the extra mile to build very cool spaces and the parking lot contains their cool Maserati, Mercedes, Tesla, Cadillac and Porsche vehicles. It’s a great place to come to work!”