Signature Acquisitions begins major capital improvement at 100 Kimball in Parsippany

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Signature Acquisitions said Sept. 8 it is embarking on a major capital improvement plan at 100 Kimball, a 175,000-square-foot, Class-A office building located at 100 Kimball Drive in Parsippany.

The renovations will feature significant tenant-focused upgrades to maintain the building’s position as the premier office space in Morris County tailored to the post-pandemic work environment. Situated less than a mile from the intersection of Interstates 287 and 80 in Morris County, 100 Kimball’s strategic location is paired with five stories of adaptable office space.

Constructed in 2007, Signature Acquisitions acquired 100 Kimball in April 2019 to augment its rapidly growing 4 million-square-foot portfolio of high-quality office assets across New Jersey and New York. Currently home to Deloitte, the accounting firm’s planned departure from the building next year will enable Signature Acquisitions to bring the full building to the market in August of 2022.

Signature Acquisitions tapped architectural firm Studio 1200 to re-envision 100 Kimball’s function and purpose around the evolving needs of employers and their employees. The plan will focus on transforming the property into the only corporate destination in Morris County designed to serve the post-pandemic workplace. Through the addition of in-demand amenities and the modernization of common areas, Signature will create a tenant experience that fosters collaboration, innovation and socialization as workers return to the office.

Beginning with a complete revitalization of the lobby, Signature will ensure that tenants and visitors feel welcomed the moment they enter 100 Kimball. In addition, the redesigned café will transform the traditional office cafeteria into a dynamic indoor and outdoor dining space with creative and one-of-a-kind menu items and exciting culinary options. Continuing the focus on employee wellness, Signature Acquisitions will also bring the latest state-of-the-art equipment and program offerings to the building’s redesigned fitness center. Focused on enhancing collaboration, Signature Acquisitions will reorient the building’s current shared conference and training rooms to enhance flexibility around the diverse meeting and training needs of future tenants.

“The evolution in how and where employees work has forced office owners to rethink every aspect of their properties as they look towards the future,” said Rich Travaglini, senior vice president/director of leasing for Signature Acquisitions. “With our significant capital investments at 100 Kimball, we are re-envisioning the property to support the new and future needs of the corporate workforce and give employees a reason to want to come into the office that will be unmatched by any other in the local market.”

Signature Acquisitions enlisted Avison Young’s Jeffrey Heller, William McCaffrey, and Evan Bernard as the exclusive brokerage firm for the leasing and marketing of 100 Kimball.

“Morris County’s highly favorable demographics, deep labor pool and transportation connectivity continues to drive strong demand for Class-A office space in the market,” said Heller, principal and managing director of Avison Young’s New Jersey office. “Through their visionary capital improvement plan at 100 Kimball, Signature Acquisitions will create a unique opportunity for a modern, nimble workspace sought-after by many businesses in the region as they determine their return to work plans.”