A rendering of what will be a newly renovated office building at 111 Littleton Road in Parsippany — Courtesy: Commercial Realty Group and NAI James E. Hanson
By Joshua Burd
A landlord is nearing completion of a plan to modernize a 36,289-square-foot office building in Parsippany, with an eye toward attracting small businesses to the new-look property.
The firm, Commercial Realty Group, said the renovation at 111 Littleton Road is slated for completion during the first quarter of this year. It has tapped brokers with NAI James E. Hanson to market the building, which the landlord acquired in 2016 to serve as its headquarters.
In marketing the property, Commercial Realty Group and NAI Hanson touted its location at the junction of interstates 80 and 287. The renovation project was designed to capitalize on that location with the addition a new façade, a new two-story atrium, increased parking, new landscaping, new restrooms, common areas and bathrooms and contemporary fixtures.
Paul Newman of Kimmerle Newman has designed and managed the renovations to the structure, according to a news release. Site renovations were designed and managed by Mario Iannelli and Stephen Borghi of Dewberry.
“Since our acquisition of 111 Littleton Road, we were excited to begin the renovation project to transform this space into a highly exciting headquarters for CRG,” said Andrew Billing, general manager of Commercial Realty Group, or CRG. “Our 40 years of experience with the Morris County market gives us the insight and knowledge to create an ideal space geared towards the oft-ignored small business tenant in northern New Jersey.
“As an owner-operator, we are uniquely positioned to provide tenants with the hands-on service and responsiveness that marks every office property in our portfolio.”
The marketing team added that, upon completion of the project, 111 Littleton Road will have the access, flexibility and modernity sought by today’s office tenants.
“With affordable rents, easy access in all directions and a wide range of prestigious companies already calling the area home, Morris County is the place to be for small business owners,” said Joshua Levering of NAI Hanson. “It is rare that a newly renovated building like 111 Littleton Road comes on the market and, upon completion, this space will present an ideal opportunity for a business to find its new home.
“We look forward to working with CRG and prospective tenants to bring this space to full occupancy in the coming months while bringing exciting new businesses to Morris County.”