Deugen Development has secured a $30.8 million loan to acquire an office property in Parsippany, New Jersey, and replace it with an industrial facility.
Developer plans to replace North Jersey office site with industrial property
Deugen secures $30.8 million acquisition loan from Axonic Capital
By Linda Moss
CoStar NewsJune 16, 2026 | 10:42 P.M.
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IN THIS ARTICLE
- Properties
- The QUAD at Wood Hollow
5 Wood Hollow Rd, Parsippany, NJ
- Companies
- Deugen
Real Estate
- Axonic Capital
Finance and Insurance
- Northpath Investments
Real Estate