201 Littleton Road in Morris Plains — Courtesy: Cushman & Wakefield
By Joshua Burd
The new owner of a Morris Plains office building has kicked off its plans to renovate and draw new tenants to the 89,000-square-foot property, brokers with Cushman & Wakefield said.
The firm, Chopp Holdings, has tapped C&W as its leasing agent at 201 Littleton Road, where the team is marketing more than 55,000 square feet of available space, according to a news release. The move comes about a month after the local investor acquired the three-story building from Mack-Cali Realty Corp., paving the way for upgrades that will include lobby and common areas updates, new signage and exterior improvements.
Brian Decillis and Kelsey Nakamura of C&W’s Morristown office are heading the assignment.
“This new ownership is so enthusiastic about taking on this distinctive boutique property,” Nakamura said. “With the planned capital infusion and aggressive pricing, 201 Littleton Road truly is positioned as one of the best-value office buildings in all of Morris County, catering to small and midsize tenants.”
The brokerage team touted the property’s landscaped setting, balconies and floor-to-ceiling glass that spans the eastern façade of the building. The complex sits just south of Route 10 along Route 202, offering easy access to interstates 80 and 287 and the Morris Plains train station.
C&W also highlighted the surrounding base of Fortune 500 companies and retail, dining, hotel and housing options. For instance, the building is minutes from the District at 1515, a planned redevelopment that will bring new luxury apartments and a mixed-use town center to Parsippany.
“Also, conveniently located between Signature Place apartments and Coventry Park townhomes, this is an ideal boutique office location for employees to live close to home,” Decillis said. “We’re delighted to be working on this assignment with Chopp Holdings, which is a high quality, hands-on landlord who is committed to reinvesting in the building.”
Other upgrades will include a new vending area, new landscaping and a resealed and restriped parking lot.
“This is a property that offers an image, location and a blend of local amenities perfectly suited to boutique tenants,” said Mark Chopp, the owner and managing principal of Chopp Holdings. “We are excited about our plans for this property and our partnership with Cushman & Wakefield, which together promise to deliver strong results.”