Ivy Realty has announced the acquisition of six class A office buildings totaling more than 280,000 square feet in Parsippany, N.J.

The value of the transaction was not disclosed.

The property, located at 200-700 Lanidex Plaza East and formerly known as the Lanidex Corporate Center, has been renamed Ivy Corporate Park at Parsippany. The campus includes an on-site cafeteria, on-site management office, and will feature a fitness area. The portfolio was 90 percent leased at the time of sale to such tenants as the corporate headquarters offices of Kings Supermarkets Inc., Lanier Worldwide, Cisco Systems, and Cornell-Mayo.

The seller was Transwestern Realty Services.

Ivy Realty currently owns several additional Parsippany office buildings, including: 299 Cherry Hill Road; 10, 20 and 30 Lanidex Plaza West; and 4 Woodhollow Road, for a total of 588,495 square feet. Ivy also owns a development parcel across the street from the Ivy Corporate Park that can accommodate an 86,000-square-foot office building.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Keep up-to-date on tools and tactics to impress your clients and outshine your competition with the 2022 virtual bundle.Register Now×
Agent Appreciation Sale: Inman Select for only $85.CLAIM OFFER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription