A rendering of a redesigned café at 100 Kimball Drive in Parsippany — Courtesy: Signature Acquisitions/Studio 1200
By Joshua Burd
The owner of a 175,000-square-foot office building in Parsippany has unveiled plans for a major overhaul of the property, as it looks ahead to the return of tenants after the pandemic.
The landlord, Signature Acquisitions, acquired 100 Kimball Drive in April 2019 as part of its growing portfolio in New Jersey and New York. The five-story complex is currently home to Deloitte LLP, which is slated to depart next year for Morristown, allowing ownership to bring the full building to the market in August 2022.
To capitalize on the opportunity, Signature Acquisitions now plans to add a series of amenities and modernize its common areas, working alongside architectural firm Studio 1200 and brokers with Avison Young.
“The evolution in how and where employees work has forced office owners to rethink every aspect of their properties as they look towards the future,” said Rich Travaglini, senior vice president and director of leasing for Signature Acquisitions. “With our significant capital investments at 100 Kimball, we are re-envisioning the property to support the new and future needs of the corporate workforce and give employees a reason to want to come into the office that will be unmatched by any other in the local market.”
To that end, the firm is eyeing upgrades such as a revitalized lobby and a redesigned café with indoor and outdoor dining and higher-end food options. It will also modernize the equipment and programming at 100 Kimball’s fitness center, while reorienting the building’s current shared conference and training rooms to enhance flexibility around the diverse meeting and training needs of future tenants.
In the process, Signature Acquisitions will capitalize on a location less than a mile from the intersection of interstates 287 and 80. The firm has assembled a leasing team that includes Avison Young’s Jeffrey L. Heller, William E. McCaffrey and Evan Bernard.
“Morris County’s highly favorable demographics, deep labor pool and transportation connectivity continues to drive strong demand for Class A office space in the market,” said Heller, principal and managing director of Avison Young’s New Jersey office. “Through their visionary capital improvement plan at 100 Kimball, Signature Acquisitions will create a unique opportunity for a modern, nimble workspace sought-after by many businesses in the region as they determine their return to work plans.”
