Morris County · Parsippany-Troy Hills Township · #26CP0527
3 Century Dr
3 Century Dr, Parsippany-Troy Hills Township, NJ · 64,800 sq ft non-residential, warehouse & storage
About this project
A moderate-hazard storage building of about 64,800 sq ft is proposed at 3 Century Drive in Parsippany-Troy Hills Township.
Official description: Storage building, moderate hazard; reported construction cost $3,226,000
- Plan type
- Building permit (new construction)
- Land use
- Storage building, moderate hazard
- Status
- Permit
Filing history
- 2026-04-06 · #26CP0527 · Building permit (new construction) · 64,800 sq ft
The full picture AI research · Nov 1, 2026
A new one-story warehouse of about 64,800 square feet is proposed at 3 Century Drive in Parsippany-Troy Hills. County records describe it as a moderate-hazard storage building. The site is about 5 acres. Earlier coverage of the address describes an older office building there, though the news article found does not say what is on the site now.
The developers are STRO and KRE Group. Leasing listings describe a building with 36-foot ceilings, 10 loading docks, one drive-in door and about 4,800 sq ft of office space. It can be split into two spaces of about 32,400 sq ft each. Listings also mention 51 parking spaces.
No tenant has been named. The developers have pointed to likely users such as logistics and distribution companies. A January 2026 article expected construction to start in February 2026. A broker brochure lists delivery in the fourth quarter of 2026. No township hearing records or opposition were found.
What it could mean nearby
- Truck traffic from 10 loading docks could add to trips on Century Drive and the nearby I-80 corridor, though no traffic study was found.
- The site is in an existing office and industrial area, so it replaces or adds to commercial use rather than adding homes.
- Some jobs could come from the future tenants, but no tenant or job counts were announced.
Where it stands
County records show a filing dated April 2026, while marketing materials say construction is underway or imminent. No township approval documents were found online. After approvals, the usual steps are building permits, construction, and a certificate of occupancy before a tenant moves in.
- 2026-Q4 Delivery date listed in a broker brochure
- Apr 6, 2026 Latest county planning filing for the project
- Jan 12, 2026 Trade press reported the developers' plan, with construction expected to start in February 2026
Want to weigh in? Township approvals would be handled by the Parsippany-Troy Hills Planning Board, whose agendas and meetings are public, but no hearing for this project was found.
Who's behind it
STRO and KRE Group · STRO and KRE Group are partnering on this industrial project. STRO has also developed industrial buildings in Florham Park and Woodland Park, and KRE Group has owned office properties in Parsippany.
Around the web
- STRO, KRE target fall delivery for 65K-sf Parsippany industrialNJBIZ · Jan 12, 2026Names the developers and describes the size, features, likely users and expected construction timing.
- 3 Century Drive brochureCushman & WakefieldLists 64,800 sq ft, divisibility to 32,400 sq ft and delivery in the fourth quarter of 2026.
- 3 Century Dr, Parsippany, NJShowcaseListing describing the 5.01-acre site, parking count and building features.
- Two Parsippany office buildings fill upGlobeSt · Jun 2, 2014Shows the address was previously an office building.
Planning terms explained
- Clear height
- The usable vertical space inside a warehouse from floor to the lowest overhead obstruction.
- Dock door
- A raised loading door where trucks back up to load and unload goods.
- Divisible
- A building that can be split into smaller spaces for separate tenants.
- Moderate-hazard storage
- A building-code category for storing goods that burn at a moderate rate.
- Certificate of occupancy
- The municipal approval that allows a finished building to be used.
Researched by AI from public sources on Nov 1, 2026. It can make mistakes, so check the linked sources and the municipality before relying on it.
Scope estimate for contractors
Estimated construction value: $8.4M
- ~648 roofing squares (assumes 1 story)
- ~162 tons of cooling (rule of thumb 400 sq ft/ton)