160 Littleton Road in Parsippany — Courtesy: Cushman & Wakefield
By Joshua Burd
The Silverman Group has sold a nearly 25,000-square-foot office building in Parsippany, brokers with Cushman & Wakefield announced Wednesday.
The team said the buyer, Sirivarsha LLC, paid an undisclosed price for the three-story property at 160 Littleton Road. The deal follows recent upgrades to what’s known as Littleton Office Center, which is 94 percent leased to 17 tenants.
“Littleton Office Center benefits from convenient highway access and exceptional demographics in the surrounding vicinity,” said C&W’s Andrew Schwartz, who represented the seller alongside Gary Gabriel, Jordan Sobel and Frank DiTommaso. “These demographics, coupled with the abundance of nearby amenities, create an ideal office environment for employers and employees.”
Located less than a half-mile from Interstate 287, the 24,708-square-foot building is easily accessible from Interstate 80 and Route 46. Recent improvements include upgraded common areas, restrooms, flooring, lighting and boilers.
Sirivarsha has also selected a C&W team headed by Mike Nevins to manage the property.
