NEW JERSEY—The Hampshire Companies has acquired a 98,904-sq.-ft. industrial/flex building located at 2 Cranberry Road in Parsippany.

Currently operated as an industrial condominium consisting of four separate units, the property includes tenants such as Availl, a subsidiary of Boeing, and Ingersoll Rand.

“Conveniently located off Route 80 near the I-287 junction, the property offers easy access to major area highways making it ideal for a variety of professional and industrial users,” said Kristin Lynn, an investment manager for The Hampshire Companies. “The building’s premier space options, which allow for multiple businesses in one location, fit perfectly within our investment strategy.”

There are approximately 33,000 sq. ft. of space available for lease.