Completion Of Capital Improvements Transforms 300 Kimball Into Class A, Multi-Tenant Office Facility

Modern, 400,000-Square-Foot Office Building in Parsippany, N.J. Introduces New Lobby, Fitness Center and Bistro Designed for Multiple Tenants

News provided by

Transwestern

Oct 09, 2013, 07:15 ET

PARSIPPANY, N.J., Oct. 9, 2013 /PRNewswire/ -- Transwestern today announced that it completed a capital improvement program for 300 Kimball Drive in Parsippany, Morris County, N.J. The significant renovations include a modern redesign of the main lobby and state-of-the-art fitness center, as well as extensive upgrades to modernize the building's full, eat-in bistro, transforming what was a single-tenant building into a full-service, multi-tenanted, Class A office facility.

"For the past year, we have focused on updating this impressive building and adding amenities that will appeal to today's tenants," Transwestern Principal James Postell said. "We are excited to finally unveil a brand new look and feel that will make a company proud to call 300 Kimball their base of operations."

Transwestern most recently completed a full renovation of the building's 4,900-square-foot, first-floor lobby, which now features new stainless steel pillars, Italian polished marble flooring, Shaw carpet tiles and wood wall covering. The lobby renovation also included eliminating a wooden partition that separated the public and employee entrances, creating a modern, open and well-lit space conducive for multiple tenants.

In late 2012, Transwestern embarked on the ambitious capital improvement plan, which was managed by the Nicholson Corporation in conjunction with the well-regarded architecture firm Gensler.

In June, Transwestern unveiled the building's redesigned 8,600-square-foot bistro, which incorporates additional seating for both group and individual dining. In May, 300 Kimball officially opened a 3,000-square-foot fitness center, comprised of a wide variety of cardio and weight machines, free weights, yoga space and flat-screen televisions.

Other capital improvements recently completed at 300 Kimball include:

Refurbishment of all 20 restrooms with new countertops, mirrors, fixtures and wall coverings;
A survey of the parking lot with repaving and striping as necessary;
Replacement of concrete sidewalks, parking structure sections or loading dock slabs based upon results of a concrete condition survey;
Upgraded ground areas with new trees, ground cover and annual flowers; and
Power washing of the entire building's exterior, as well as a washing of the interior and exterior of all windows.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern's New York office on Twitter: @TranswesternNYC.

Media Contact:
John Yocca, Beckerman
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SOURCE Transwestern