Transwestern to Lease and Manage 300 Kimball

PARSIPPANY—Transwestern has been retained as the exclusive leasing and property management partner for 300 Kimball Drive, a class-A office building in the Parsippany submarket.

Transwestern Investment Management, which serves as the project’s asset manager on behalf of ownership, selected Transwestern to handle the leasing and management of this 400,000 sq. ft. building.

Situated near the intersection of I-80 and I-287 in Parsippany, the five-story building provides an accessible location within a campus setting that is home to such companies as Novartis, Deloitte and Day Pitney LLP.

The ownership is embarking upon a repositioning program to enhance the building’s appeal. Plans include a re-design of the lobby for multi-tenant use and the addition of an on-site gym.

In 2011, 300 Kimball Drive received an ENERGY STAR rating of 93, 24 percent higher than what ENERGY STAR considers “top performance” and 12 percent higher than the average ENERGY STAR rating within Transwestern’s national management portfolio.

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