A rendering of a renovated office building at 111 Littleton Road in Parsippany — Courtesy: NAI James E. Hanson
By Joshua Burd
A regional IT firm has leased nearly 7,000 square feet at a soon-to-be-renovated office building in Parsippany, brokers with NAI James E. Hanson said Wednesday.
The tenant, Strategic Micro Systems, committed to 6,905 square feet at 111 Littleton Road under a deal with Commercial Realty Group. The transaction brings the 36,289-square-foot building, which sits at the intersection of interstates 80 and 287, to 40 percent leased.
NAI Hanson’s W. Joshua Levering and Nicholas DePaolera represented ownership.
Renovations are slated to be complete during the third quarter, NAI Hanson said in a news release. The upgrades are focused on providing Morris County’s small businesses with modern office space and functionality, with plans calling for a new façade and two-story atrium, increased parking, new landscaping, new restrooms and full common area upgrades.
“Small business is the backbone of the American economy but it’s often difficult for the image-conscious small business to find appropriate space,” said Andrew H. Billing, CRG general manager. “We deliver that here at 111.”
Paul Newman of Kimmerle Newman designed the renovations, while Michael A. Walsh, president of the CRG affiliate Corporate Contacting Inc., is managing the project.
Levering also noted that CRG leases 8,000 square feet at the building for its corporate headquarters. The firm acquired the building in 2016.
“Finding quality office space for today’s small businesses can often be a challenge. In response to this, the smaller floor plates found at 111 Littleton allows CRG’s construction team to design and build spaces tailored to small business owners,” Levering said. “This flexibility, coupled with highly favorable lease terms and best-in-class highway access, makes this building uniquely suited to fit the needs of the modern small business.
“This recent lease highlights the adaptability of the building and we look forward to continuing to work with companies across the area to help them create their new long-term homes.”