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HomeBusiness NewsPrime Office Building in Parsippany Hits the Market

Prime Office Building in Parsippany Hits the Market

PARSIPPANY — The 97,817-square-foot office building at 1599 Littleton Road is now available for sale, offering a fresh opportunity in the town’s expanding redevelopment landscape.

Jones Lang LaSalle (JLL) is handling the marketing of this nearly 10-acre property, highlighting its potential for asset repositioning and the advantageous combination of highway accessibility and its Morris County location.

The three-story building, built in 1969, is situated among various prominent businesses in the pharmaceutical, food, technology, and retail sectors that still anchor Parsippany’s office market. Additionally, the area has witnessed the transformation of aging commercial properties into mixed-use developments, multifamily residences, and other types of projects.

The building is currently owner-occupied by MJM Insurance. MJM plans to move soon to One Sylvan Way. The market value for 1599 Littleton Road in 2023 was $16,184,000.

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Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, President of Kiwanis Club of Tri-Town and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
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