CBRE Group arranges $5 Million Financing for Parsippany Building

PARSIPPANY —  CBRE Group, New Jersey’s largest commercial real estate brokerage firm, announced today that its Capital Markets Debt & Structured Finance team has arranged $5 million short-term bridge financing secured by One Gatehall Drive, a 113,220-square-foot office property in Parsippany.

The CBRE team of James Gunning, Donna Falzarano and Evan Kleppe arranged the financing with a local commercial bank on behalf of the borrower, GLB Gatehall, LLC. The entity is a partnership of Glenborough, a privately held full service real estate firm, and a large institutional real estate investor.  

The short-term floating rate financing, which was secured with a competitive interest rate, was put in place to refinance the existing mortgage on the property. The CBRE team’s marketing efforts were received favorably by a number of prominent New Jersey banks, allowing the borrower to select the most flexible and competitive deal of those offered.

GLB Gatehall, LLC acquired One Gatehall Drive in 2006 and has maintained above-average occupancy levels at the office property over the past five years. The Class A, four-story building sits on 9.7 acres in the heart of Morris County, offering immediate access to Interstates 80 and 287. The property was developed as part of a larger corporate campus, which is home to a number of Fortune 500 companies and features a full-service cafeteria, a childcare center and onsite hotels and restaurants. 

About CBRE Group, Inc.

CBRE Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. For more information, click here.

Morris County Clerk Announces Launch of “Operation Giveback’’

AnnGrossi
Morris County Clerk Ann Grossi

MORRIS COUNTY — The Morris County Clerk’s Office is reaching out to local businesses in Parsippany and in all 39 Morris County towns to help establish a countywide retail and service discount booklet that would provide dollar savings to all military veterans who live in Morris County.

County Clerk Ann Grossi announced the start of the program at a press conference today in her Morristown office, calling on business in all neighborhoods throughout Morris County to participate in this program as a way of saying thank you to our veterans.

“We thought it would be good to give back to the men and women who have undoubtedly given so much to us and our beloved nation,’’ said Grossi.

“Simply put, we are working to create a discount booklet that would provide a percentage off on products offered or services rendered as a way to say thank you to those who have served so selflessly to allow us to enjoy the freedoms we have today,’’ added Grossi.

There will be a “boots on the ground’’ effort by employees of the County’s Clerk’s Office over the next two months to create a maximum numbers of discounts, as they pitch the program to businesses in communities and neighborhoods in all 39 Morris County towns, from Parsippany and Riverdale, to Long Hill and Jefferson Township, and out west to Washington Township.

“These veterans deserve our appreciation for their service to our country. This is just a small way that we can help pay them back for protecting our freedoms,’’ said Sam Sapporite, an Army veteran and second vice president of the Rockaway Borough Historical Committee, and who works closely with local VFW’s and American Legions in Morris County. “We are going to work hard on Operation Give Back and, as they say in the service, we will make it happen,’’ he added.

To get the discounts, veterans would be required to show a unique Morris County veterans identification card that can easily be obtained from the County Clerk’s Office.

Sample card of the Veterans ID Card
Sample card of the Veterans ID Card

To get a veterans’ card, click here or contact Liz Sutula at (973) 285-6142 or lsutula@co.morris.nj.us.

Current plans call for Operation Giveback to kick off in the fall, with booklets to be distributed to veterans’ groups and individuals prior to this year’s Veterans Day ceremonies through Morris County.

Businesses that participate will have their name highlighted in the booklet and on the County Clerk’s website.

To easily enroll a business in Operation Give Back, click here.

Parsippany Family Dental Launches New Patient Welcome Package

PARSIPPANY — Parsippany Family Dental has launched a special new patient welcome package, which enables new patients to benefit from a comprehensive dental examination, x-rays, cleaning, polishing, screening, and gum evaluation at a special reduced price of $80. With the regular cost of these procedures standing at $230.00, new patients can benefit from savings of $150.00 with the package. They are located at 758 Route 46, in the Arlington Plaza Shopping Center.

As part of the initial exam the dental professionals will check for gum disease. While this is usually mild, if gum disease is left untreated, it can lead to a large number of issues including infection and loss of teeth. When a patient has poor periodontal health, it may also lead to diabetes, respiratory issues, strokes and heart complications. When a person has a healthy mouth, it is a great indication that they are in great overall health, as well.

Dentists will also screen patients for oral cancer, during their visit, which is now the sixth most common type of cancer in the U.S. Additionally, with a fifty percent mortality rate, catching this disease early on can literally be the difference in life or death.

An official from the clinic said: “Our special offer for new patients means that those joining our clinic can now benefit from a really thorough dental checkup to ensure that their oral health is in order. These checks are a vital part of maintaining dental health and avoiding what could become serious problems. Our welcome package makes it easier and cheaper for new patients to maintain good dental health.”

He added “Great dental hygiene and health is more than just a beautiful while smile and fresh breath. Proper oral care and hygiene, including the regular flossing, brushing and regular dental exams are important for factors including proper speech, self-esteem and chewing. When individuals do not seek routine and regular dental care their teeth may become decayed, causing nerve exposure, which may result in extreme pain. With regular dental visits this can completely eliminate any tooth decay and prevent a good amount of the pain that is associated with gum disease and cavities.”

The professionals at Parsippany Family Dental are dedicated to making each patient’s visit to the dentist stress and anxiety free. The staff understands that many people have a fear going to the dentist, and they have worked hard to make appointments as pleasurable and pain free as possible. From the offerings of a comfortable chair to options for sedation, patients are able to relax and receive the dental care that they need.

For more information regarding the routine services offered by Parsippany Family Dental, call the office today at (973) 658-4408 visit their website by clicking here.

Hot, dry weekend ahead in Parsippany

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Author of Craftsman Farms History Returns for Two Book Signings

Ever wonder where Farny State Park in Rockaway got its name? Or see sign son Route 10 in Parsippany and wonder, why are there signs about Gustav Stickley? Answers to these and many other questions about our community can be found in Heather E. Stivison’s recently published book, “Craftsman Farms.”

The book is part of Arcadia Publishing’s iconic Images of America series, which chronicles the history of small towns and downtowns across the country. Captured in unique pictorial format, this small slice of hometown history details the story of Parsippany’s Craftsman Farms and the often forgotten aspects of American life that surround it.

Craftsman Farms was the country estate of the father of the American Arts and Crafts movement, Gustav Stickley. Though Stickley is credited with creating hundreds of home designs, this property contains the only home he designed and built for his own use. His rustic log house was built upon a rolling hillside surrounded by lawns, stone walls, and working farmland. In September 1917, the property was purchased by Sylvia and George Farny, who loved it dearly and passed it on to their descendants. Portions of the 650 acres were sold, but the core remained intact until the 1980s, when it was threatened by condominium development. Community activists launched a “Save the Farms” campaign, which led to the Township of Parsippany-Troy Hills purchasing Craftsman Farms through eminent domain. Today, it is a busy historic house museum operated by the nonprofit Craftsman Farms Foundation. Craftsman Farms showcases the significant design legacy Gustav Stickley created as well as the architectural and landscape history of this New Jersey National Historic Landmark.
Heather E. Stivison, the former executive director of the Stickley Museum at Craftsman Farms, selected many previously unpublished photographs from the museum’s archives and from personal scrapbooks of descendants of Craftsman Farms’ residents. With more than two hundred vintage images, Craftsman Farms celebrates our region, bringing to life the people, places, and events that define our community.

Stivison, who resides in coastal Massachusetts, will be returning to Morris County for two exclusive book signings. Stivison will be answering questions and signing books Saturday, August 1 from 9:30 a.m. to 12:00 p.m. at the Morris Plains Pharmacy, 712 Speedwell Ave # 2, Morris Plains, NJ 07950, and Sunday, August 2 at Ray and Judy’s Book Stop 40 W Main St, Rockaway, NJ 07866.

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Two Residents on Roger Williams University Dean’s List

Nicole Campisano
Nicole Campisano

PARSIPPANY — Select students have been named to the Spring 2015 Dean’s List at Roger Williams University in Bristol, R.I. Full-time students who complete 12 or more credits per semester and earn a GPA of 3.4 or higher are placed on the Dean’s List that semester.

Nicole Campisano, a graduate of Parsippany High School, currently majoring in Foreign Languages

Nicholas Gaudio, a graduate of Parsippany Hills High School, currently majoring in Engineering

About RWU: Roger Williams University, with its main campus located on the coast of Bristol, R.I., is a forward-thinking private university with 45 undergraduate majors spanning the liberal arts and the professions, where students become community-minded citizens through project-based, experiential learning. With small classes, direct access to faculty and boundless opportunity for real-world projects, RWU students develop the ability to think critically while simultaneously building the practical skills that today’s employers demand. In the two years since launching its signature Affordable Excellence initiative, the University has established itself as a leader in American higher education by confronting the most pressing issues facing students and families – increasing costs that limit access to college, rising debt and the job readiness of graduates. In addition to its 4,000 undergraduates, RWU is home to more than a dozen graduate programs, a thriving School of Continuing Studies based in Providence as well as Rhode Island’s only law school.