Parsippany-Based Software Company Moves Headquarters to Morris Plains Campus
Agadia Systems Inc. will move its global headquarters to Morris Plains after acquiring a property for $10. 25 million at 201 Littleton Road. The deal, announced by Cushman & Wakefield, involved a team of brokers who represented the seller, Chopp Holdings, and arranged financing for the buyer. The property spans 89,100 square feet and is situated on a 16.
5-acre site, featuring updated amenities and access to major highways. Recent leasing activity, with five new leases totaling over 22,000 square feet, highlights continued interest in high-quality office spaces in New Jersey. Agadia Systems, currently located in Parsippany, specializes in technology solutions for the managed care and health plan industry, indicating its growth trajectory. The move demonstrates the company's commitment to expanding its operational footprint and enhancing services. Cushman & Wakefield previously handled the sale of the property in 2019, showcasing its long-term involvement with the asset.
This acquisition aligns with broader trends of businesses seeking well-located office environments to accommodate their needs.