Listen to this article

A Parsippany office building has a new owner, according to real estate services firm Holliday Fenoglio Fowler L.P.The firm said Tuesday in a news release that the Halsey Corporate Center, a 100,000-square-foot Class A facility, has been sold by Stockbridge Capital Group LLC to Boxer F3 LLC.

HFF marketed the property for Stockbridge, which is based in San Francisco, and procured the buyer and its manager, Boxer Investment Management, which are based in Houston.

HFF’s Jose Cruz, senior managing director; Kevin O’Hearn, managing director; and Michael Oliver and Stephen Simonelli, associate directors, led the sales team, assisted by Andrew Scandalios, senior managing director.

“Investors continue to search for office assets where they can add a significant amount of value through lease-up and expense management,” Cruz said in a prepared statement. “Ninety East Halsey provides flexible floor plates and very good highway access, which is why we had multiple bids for the asset.”

The building at 90 E. Halsey Road is home to eight companies, including Chemtrade, HFF said.

ALSO ON NJBIZ:

Andrzejczak introduces bill limiting medical record copy charges

At Avaap, Shah feels the little things set his company apart

‘RBF’ goes mainstream (or at least to The New York Times)