Benenson Capital Partners, one of the nation’s oldest and most active privately-held real estate investment and development companies, has named Cassidy Turley exclusive marketing and leasing agent for its class A office building at 169 Lackawanna Avenue, that is currently leased by New York Life Investment Management, says Richard Kessler, Benenson Capital Partner’s chief operating officer.
The building will be represented by Cassidy Turley’s Raymond Trevisan, Charles Parmelli, William O’Keefe and Kelsey Nakamura.
Built in 2001, the 256,750 square foot class A building includes an open-air plaza, fitness center, full service cafeteria and grab ‘n go sundry shop, as well as conference facilities and a three-story atrium lobby. Located in the heart of Morris County and only minutes from Interstates 46, 80 and 287.
Parsippany-Troy Hills offers convenient access to New Jersey’s skilled workforce as well as numerous local restaurants, hotels and retail opportunities.
“We executed a comprehensive survey of the professional landscape and are confident that the team at Cassidy Turley will bring together the finest resources and skill to represent this terrific asset as we engage the market,” says Kessler. “We are always moving toward increasing the value of our assets by bringing the best talent to each assignment, and we are sure that our new team at 169 Lackawanna will do an excellent job at sharing the rare leasing opportunity with all the right audiences.”
“The property at 169 Lackawanna Avenue provides state-of-the-art business facilities with the right mix of amenities and everyday conveniences, creating the perfect office campus environment,” notes Trevisan of Cassidy Turley. “We are excited about the opportunity to introduce this unique property to potential corporate users and to work with the quality team at Benenson Capital Partners.”
Benenson Capital Partners, LLC (BCP) is the management arm of the Benenson group of companies, which includes The Benenson Capital Company. The Benenson group of companies, founded in 1905 is still controlled by the Benenson family, and focuses on real estate investment, development and asset management. BCP manages more than 150 properties, including retail, office, industrial, multifamily, hospitality and land throughout the United States, Canada and Europe.
Cassidy Turley, a commercial real estate services provider with 4,000+ professionals in more than 60 offices nationwide, represents clients from small businesses to Fortune 500 companies, from local non-profits to major institutions. In 2013, the firm completed transactions valued at $25.8 billion. It manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations.