BUSINESS NEWS
Kislak Sells Colony Plaza For $4.4 Million The Kislak Company announced the $4,375,000 sale of Colony Plaza, a 40,000-square-foot mixeduse office and retail property located at 1180-1220 Route 46. Kislak marketed the property on an exclusive basis on behalf of the seller, a private investor, with sales associate Tom Scatuorchio and senior vice president Matt Weilheimer handling the assignment. Mr. Scatuorchio also procured the purchaser, another private investor. “Our close relationships with both the seller and purchaser enabled us to utilize creative solutions to overcome several complicated hurdles in order to ultimately close the transaction,” said Mr. Scatuorchio. Mr. Weilheimer added: “In my 25 years selling real estate, I have never seen so many complex challenges to closing a deal. It is a credit to the seller and purchaser and their professionalism that we were able to cross the finish line.” Situated on a 3.2-acre site, the property consists of three existing buildings with a total of 40,000
square feet of office and retail space in a B-2 Zoning Highway Development District. A corner location with an AADT of 23,007, and easy access to the major highways of Routes 10 and 287, the property is surrounded by major national brand tenants such as Target, Michaels, LA Fitness, Shop Rite, Staples and Bed Bath & Beyond.
Morris County, one of the wealthiest counties in the nation, and home to over 30 Fortune 500 (Continued on Page 14)
Serious cases demand a serious law firm! Personal Injury Law
Tom Scatuorchio
MARK J. SEMERARO, ESQ. Attorney at Law
Employment Law
• Auto Accidents • Slip and Fall • Construction Site Accidents • Products Liability • Dog Bites
• Wrongful Termination • Hostile Work Environment • Whistle Blower • Discrimination • Harassment
90 East Halsey Rd., Ste. 385 • Parsippany, NJ 07054
Call Today! (973) 585-6254 www.NorthJerseyAttorneys.com
August 2020
www.parsippanyfocus.news
Parsippany Focus Magazine l 13
