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299 Jefferson RdParsippany, NJ 07054
299 Jefferson Rd
Asset ClassIndustrial
Industrial Development Site
overview of deal

Overview

Avison Young is pleased to present 299 Jefferson Road, a premier development site in Parsippany, New Jersey with approvals in place for a 106,400-square-foot Class A industrial warehouse facility. The existing approvals position new ownership to advance the project efficiently through final permitting and into construction, significantly reducing development timelines relative to a typical ground-up entitlement process. The site offers a rare opportunity to deliver institutional-quality industrial product in one of Northern New Jersey’s most supply-constrained markets.

 

OFFERS DUE - JUNE 19, 2026

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Investment Highlights

  • The offering presents a rare opportunity to acquire a development site fully approved for a 106,400 SF Class A industrial warehouse facility.
  • The site is serviced by existing power, water, and sewer utilities, minimizing the need for costly off-site improvements.
  • Located in one of the area’s most desirable corporate park settings, that offers strong curb appeal for users that prioritize image.
  • Immediate access to major transportation corridors including I-80, I-287, Route 46, and Route 202 enhances regional connectivity.
  • The surrounding area offers a deep and skilled labor pool, making it attractive for logistics, distribution, and light manufacturing users.
  • Limited availability of entitled and developable industrial land in Morris County supports long-term asset value.

 

 

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299 Jefferson RdParsippany, NJ 07054

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