A real estate investment trust is looking to sell a nearly 204,000-square-foot office building in Parsippany, where brokers are touting an upscale work environment with reliable cashflow.
The long-running 100 Mile Fund managed by Procida Funding LLC achieved net income in 2022 of $11.6 million, the firm announced, representing a net return to investors of 9.5 percent.
A special servicer has sold a roughly 280,000-square-foot office building in Roseland for $16.7 million, according to brokers with CBRE Group Inc. who marketed the property.
