PARSIPPANY – On Monday, November 13, the Parsippany-Troy Hills Planning Board approved Application #23:519, which pertains to the construction of two warehouses located at 5 Wood Hollow Road. Each warehouse will consist of 155,242 square feet.
The existing structure, referred to as “The Quad,” currently encompasses three floors, with a total area of 330,631 square feet, situated on a spacious 23-acre site. Notable features of the building include a striking three-story atrium lobby, balcony lobbies on the 2nd and 3rd floors, and ample surface parking accommodating 1,240 vehicles. Additionally, the property includes a newly established conference/training center with a seating capacity of 144, all within a Specialized Economic Development District (SED5).
The current roster of tenants within the facility encompasses well-known names such as Toys R Us, Coyne PR, Ascensia Diabetes Care, SEB Groupe, and Weichert. Currently, there are approximately 142,077 square feet of vacant space.
