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PARSIPPANY, N.J. — Institutional investors advised by J.P. Morgan Asset Management have purchased Morris Corporate Center III, a 526,641-square-foot office property at 400 Interpace Pkwy. in Parsippany, for approximately $110 million. Morris Corporate Center features a full-service cafe, a fitness center, covered parking, fountains and walking trails. The center was 85 percent leased at the time of the sale to tenants such as Ogilvy Commonhealth and Watson Pharmaceutical. CB Richard Ellis' Jeffrey Dunne, Kevin Welsh, Brian Schulz and Sam Buckley represented the seller, TIAA-CREF, and procured the buyer.