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CBRE will serve as exclusive leasing agent for 2 Gatehall Drive in Parsippany, a Class A office campus that is part of a 58-acre master-planned corporate complex in Morris County.

2 Gatehall Drive Associates LLC owns the three-story building, while SRG2 Partners LLC manages it. Both entities are based in White Plains, N.Y., according to CBRE‘s March 27 announcement. A team of Senior Vice President Jonathan Meisel as well as Vice Presidents Joey Sarno and Erin Wenzler will spearhead the campaign on behalf of ownership and SRG2 Partners.

Recognizable companies already occupying the property include Fiserv, Siemens and Ricoh USA.

“2 Gatehall Drive is a true gem in the heart of Morris County. Tenants can rely on the stability of the both the building and its ownership,” commented Wenzler. “2 Gatehall Drive has robust infrastructure, including a backup generator for tenant use, and 24/7 security. SRG2 Partners is a well-established, 40-year-old family-owned company with a hands-on approach to its assets.”

Ownership has significantly invested in the property, CBRE said. It sits within a park-like setting with an oversized pond and outdoor courtyard.

The “truly one-of-a-kind” environment includes a collaborative work atrium and lounge, fitness center, yoga facility, full-service café and coffee bar.

The building offers large, efficient floor plates. Open layouts offer ideal options for today’s tenants.

Situated at the intersection of Routes 10 and 202, the site affords easy access to Interstates 80 and 287. That, along with its high-quality attributes, ticks off requirements many occupiers are on the look out for in today’s market.

Hudson Mews

Separately, CBRE announced the sale of a 288-unit multifamily community in North Bergen earlier in March.

A team led by Vice Chairman Jeffrey Dunne, First Vice Presidents Stuart MacKenzie and Eric Apfel, Senior Financial Analyst Travis Langer and Senior Analyst Daniel Blumenkrantz represented the seller, Hudson Capital Properties, and also procured the buyer, Sym Investments.

Located at 1305 Paterson Plank Road, Hudson Mews was built in two phases, respectively in 2019 and 2022. The Class A multifamily property has a 30-year PILOT. CBRE said it provided investors with mark-to-market upside.

“Our team continues to find creative solutions to get large multifamily transactions over the finish line despite the challenging economic conditions due to interest rate volatility,” Dunne said.

He detailed several notable tri-state transactions from the past five months, such as:

• Sutton Landing Deer Park (200 units)
• Sutton Landing Mount Sinai (225 units)
• Avalon Mamaroneck (229 units)
• 15 Bank (501 units)

Together with Hudson Mews, the deals add up to more than $600 million, according to Dunne.

“We’re pleased to have represented Hudson Capital on this transaction,” said MacKenzie. “Hudson Mews should continue to perform well given the asset’s robust leasing velocity and rent growth coupled with its proximity to NYC and public transit.”

The property is 15 minutes from New York City. It offers panoramic North Jersey views and amenities ranging from an outdoor pool to fitness center, dog run and children’s playroom.