Industrial
Investor buys 553,000 sq. ft. Parsippany industrial building, reportedly for $116 million

Brooklyn-based Madison Properties had added to its New Jersey portfolio with the purchase of more than 550,000 square feet of industrial space in Parsippany.

Professional Services
Coffey, Gianetti named co-chairs of Day Pitney real estate and environmental group

Day Pitney LLP has tapped two of its New Jersey-based partners as co-chairs of the law firm’s real estate and environmental practice.

Professional Services
Langan announces three associate-level promotions in Parsippany

Three members of Langan’s Parsippany-based team are among two dozen to be promoted recently by the engineering and environmental services firm.

Residential & Mixed Use
Accurate breaks ground on 325-unit rental project in Parsippany

Accurate has started construction on a project that will bring 325 new apartments to a 26-acre site in Parsippany, adding to its fast-growing residential portfolio in the region.

Residential & Mixed Use
Redevelopment of Parsippany office park comes with multilayered approach to sustainability

The transformation of a suburban office park in Parsippany — one of New Jersey’s most closely watched redevelopment projects — comes with a heavy focus on sustainability, including a plan to seek certification with the U.S. Green Building Council for the entire 45-acre community.

Professional Services
Retail brokers Townes, Friedman join JLL

JLL has added two veteran brokers to help bolster and lead its New Jersey retail team.

Residential & Mixed Use
Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including some 4,000 in Newark, with more to come.

Professional Services
Parsippany-based engineer among newest principal-level promotions by Langan

Langan has promoted a veteran engineer based in its Parsippany headquarters, in one of seven newly announced moves across its leadership team.

Finance & Capital Markets
JLL suburban tristate capital markets team inks $4.7 billion in 2022 sales

Brokers with JLL’s suburban tristate capital markets team are forecasting a busy 2023 after a year in which they completed some $4.7 billion in sale transactions.

Professional Services
Sax names Top 50 accounting firm veteran as new CFO

Sax LLP, the Parsippany-based accounting, tax and business advisory firm, has named a new chief financial officer.