JLL Closes 77,719-Square-Foot Leasing Trifecta at Signature Acquisitions' 300 Kimball Drive in Parsippany

PARSIPPANY, N.J. — JLL has completed three office leases totaling 77,719 square feet at 300 Kimball Drive, a Class A property owned by Signature Acquisitions in Parsippany, New Jersey, the firm announced Aug. 12, 2026.

The transactions include a new 13,171-square-foot lease with Ascensia Diabetes Care US, Inc., a 34,646-square-foot renewal and expansion with One Point Wealth Partners, and a new 29,902-square-foot lease with Groupe SEB, USA.

Deal Details: Three Tenants, Three Distinct Moves

Ascensia Diabetes Care US, Inc. signed a long-term lease for 13,171 square feet on a portion of the second floor. The company is relocating from 5 Wood Hollow Road in Parsippany, a property slated for redevelopment as a warehouse. Ascensia's lease accounts for approximately 16.9 percent of the total square footage across the three transactions.

One Point Wealth Partners, formerly known as Bleakley Financial Group, renewed and expanded its presence on the third floor, adding 7,964 square feet to bring its total footprint from 26,682 square feet to 34,646 square feet. A long-term tenant at 300 Kimball Drive, One Point extended and expanded its lease following the firm's 2025 rebranding. The company now occupies the largest block among the three deals, representing approximately 44.6 percent of the total leased footage.

Groupe SEB, USA, the U.S. arm of the European household goods company, signed a new long-term lease for 29,902 square feet on a portion of the fourth floor. The firm will relocate its U.S. headquarters from 5 Wood Hollow Road, the same Parsippany address being vacated by Ascensia Diabetes Care. Groupe SEB's lease accounts for approximately 38.5 percent of the total square footage.

Brokers and Representation

JLL Managing Director Matt McDonough and Signature Acquisitions' Sandy Monaghan, Senior Vice President and Director of Leasing, represented ownership in all three transactions. JLL Executive Managing Director Tim Greiner and Managing Director Dan Ligorner represented One Point Wealth Partners and Groupe SEB, USA. CBRE Senior Vice President Sean Morley and Vice Chairman Ed DaCosta represented Ascensia Diabetes Care US, Inc.

"Companies across Northern New Jersey continue to prioritize high-quality office environments that can support collaboration, employee engagement and long-term business objectives," McDonough said. "These transactions demonstrate that well-located, highly amenitized Class A properties such as 300 Kimball remain attractive to a diverse range of occupiers. The building provides the accessibility, amenities and quality companies are looking for as they make long-term workplace decisions."

About 300 Kimball Drive

300 Kimball Drive is a five-story, approximately 430,000-square-foot Class A office property situated within The Center of Morris County office campus. Located near the intersection of Interstates 80 and 287, the building was originally designed as an operations center for a Fortune 500 company before being repositioned as a multi-tenant corporate environment. Signature Acquisitions acquired the property for $88 million in December 2022, when the building was approximately 87 percent leased.

The property offers 1,627 parking spaces, including 594 covered spaces, providing a ratio of approximately four spaces per 1,000 square feet. It holds LEED Silver certification and has received BOMA's Building of the Year recognition.

Signature Acquisitions has continued to invest in the property's tenant experience, completing upgrades that include a renovated café and dining area with outdoor seating, a renovated patio, and a new fitness center with showers, locker rooms, and a golf simulator. Additional amenities include a staffed security desk, a conference center with full audiovisual capabilities and flexible seating for up to 100 people, a tenant lounge with games and grab-and-go food service, a putting green, walking and jogging trails, and electric vehicle charging stations.

"Our focus at 300 Kimball has always been on creating an environment where companies can attract talent, support their teams and grow over the long term," Monaghan said. "We have continued to invest in the property and its amenities with the tenant experience at the center of those decisions, and these leases reinforce the value of that approach."

Market Context: Northern New Jersey's Flight to Quality

The three transactions reflect a broader pattern in the Northern New Jersey office market, where tenants have increasingly favored renovated, amenity-rich Class A buildings over older inventory. Overall vacancy in Northern and Central New Jersey fell to 25.0 percent in the second quarter of 2026, the lowest level since 2022, as occupiers continued to gravitate toward higher-quality space. Northern New Jersey recorded 1.9 million square feet of leasing activity in the first quarter of 2026, with sublease availability falling to its lowest level in six years.

Average asking rents for Class A assets in the broader Northern and Central New Jersey market reached $36.15 per square foot in the second quarter of 2026, with year-over-year rent growth of 2.7 percent. More than 600,000 square feet of office stock was removed from Parsippany's inventory in 2025, a factor that has helped pull availability back toward pre-pandemic levels and reinforced the competitive position of well-maintained properties in the submarket.

Parsippany's location at the confluence of I-80 and I-287 has made it a consistent draw for corporate tenants seeking suburban alternatives with strong highway access and ample parking — attributes that 300 Kimball Drive offers in combination with its recently upgraded amenity package.

Signature Acquisitions, which has acquired more than $400 million of assets and more than 6 million square feet throughout the Northeast since 2003, has concentrated its recent acquisitions on Class A office buildings primarily in suburban New Jersey and Long Island, New York.