The Madison Whole Foods will have a counterpart in Parsippany in 2014 or 2015, the company said Tuesday.

Since word was released last week that a Whole Foods Market is coming to Parsippany, which would be the second in Morris County, many residents near the planned location have reacted with excitement.

Company spokesperson Michael Sinatra told Patch that lease papers have been signed for Whole Foods to rent about 40,000 square feet in a complex that will be constructed on Route 46 between Waterview Boulevard and Intervale Road, where woods now stand.

"We're thrilled to be coming to Parsippany," Sinatra said. "I am from the area and with Mountain Lakes and Denville nearby, we know this will be a great location."

While a lease agreement has been struck, the project is in the process of obtaining building permits, Sinatra said, adding that the eventual market site should be roughly the size of the Whole Foods in Madison, "though it will feel larger."

He said that Whole Foods Market is very selective about where it places its stores and only opens two or three new stores each year.