MORRISTOWN, N.J., Nov. 6, 2025 –  JLL Capital Markets announced today that it has completed the sale of 14 Sylvan Way, a 203,506-square-foot, trophy office property in Parsippany, New Jersey.

JLL represented an institutional seller and procured the buyer, Signature Acquisitions.

14 Sylvan Way is located within the Arbors @ Parsippany, a 2.1-million-square-foot office campus, which is in the midst of a transformation from a pure play office environment to a vibrant mixed-use campus. The property is centrally located near Routes 80, 287, 10, 202 and 46, providing easy access for commuters in Morris County and greater Northern New Jersey.

Delivered in 2013, 14 Sylvan Way is a three-story LEED Gold office building with a two-story atrium lobby. The property has an array of market-leading amenities, including a cafeteria/bistro, oversized courtyard, tenant lounge, game room and conference facilities. 14 Sylvan Way is fully leased to Travel + Leisure Co. through August 2029.

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jose Cruz and Jeremy Neuer and Associate Michael Kavaler and enhanced by Tim Greiner, Executive Managing Director, who leads JLL’s leasing practice in Northern and Central New Jersey.

“14 Sylvan Way generated a good amount of investor interest given its location in a highly amenitized, mixed-use environment, as well as the fully leased nature of the asset,” said Cruz. “We have definitely seen a shift in investor interest in the office market with many investors capitalizing on the early mover advantage, particularly as top tier space continues to lease up and, in most markets, no new product is slated for many years to come.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Since 2003, Signature Acquisitions has acquired more than $400 million of assets and more than six million square feet throughout the Northeast. In recent years, the firm shed many of its non-strategic assets and concentrated the majority of its acquisitions on Class A office buildings, primarily in Suburban New Jersey, and Long Island New York.