Colliers is currently promoting the sale of 2 Gatehall Dr., a 389,000-square-foot office property located in Parsippany, NJ. The property is being marketed by a team from Colliers led by vice chair Jacklene Chesler, VP Patrick Norris, associate Jake Moss and director Philippe Jomphe. It will be available for auction on Ten-X from October 7 to October 9.
Originally designed to support big data and technology operations, this property has enhanced floor loads that can accommodate high-tech equipment. Situated within a master-planned corporate campus spanning over 58 acres, it has also undergone nearly $6 million in capital investments.
According to Chesler: “This property presents an exceptional opportunity for investors looking for stability and growth.” Currently leased at only 30% capacity with credit tenants in place providing positive cash flow through their leases; there exists potential value-add opportunities through leasing out the remaining vacant space which makes this asset highly attractive in today’s market conditions.”
