CORNWELL CORP. PURCHASES 73,000-SQUARE-FOOT OFFICE BUILDING

PARSIPPANY, N.J. — Cornwell Corp. has purchased a 73,000-square-foot office building located within Morris Corporate Center in Parsippany for $5.25 million. The seller was EBI LLC. Cornwell plans to relocate is corporate office and the offices of one of its subsidiaries, Edifice Information Management, to 22,000 square feet within the building. The company will also complete a capital improvements program. Jon Williams of Cushman & Wakefield's Morristown, N.J., office represented Cornwell in the deal. Williams will also lease the building's vacant space — currently totaling approximately 49,000 square feet. Robert Rudin and Andrew Schiffer of Cushman & Wakefield's East Rutherford, N.J., office represented the seller.