Lincoln Place in NJ Welcomes New Tenants
- Apr 03, 2018
American Equity Partners has signed three leases totaling 73,000 square feet at Lincoln Place in Edison, N.J. Recruitment and staffing agency Aerotek took 17,276 square feet on the asset’s third floor, while Power Home Remodeling will occupy 26,081 square feet on the second floor, as well as 8,100 square feet of warehouse space.
Artificial plant supplier Country Silk Inc. will occupy 7,900 square feet of office space on the fourth floor, in addition to 4,300 square feet of showroom space on the first floor and 12,400 square feet of warehouse and merchandising space. The 250,000-square-foot, Class A property has an additional 29,000-square-foot, divisible vacancy on the second floor and 10,000 square feet of leasable space on the second and first floors.
The landlord has repositioned the asset through a major capital improvements program, including:
- New lobby
- 5,000-square-foot café
- 3,000-square-foot fitness center
- Upgraded common areas, restrooms and HVAC
Lincoln Place sits at 2174 Route 27 S., in the vicinity of communities, schools, hospitals, retailers and parks. It is easily accessible via major roads such as French Street, Route 1 and Interstate 287.
A Newmark Knight Frank team comprising Senior Managing Director Jamie Drummond and Associate Directors Andrew Perrotti and Daniel Reider represented American Equity Partners in the lease transactions. The landlord also recently finished renovating another Class A office building in Warren, N.J.
“Ownership has transformed this building from a run of the mill commodity to a true Class A asset with modern finishes and amenities,” Drummond said in a prepared statement.
Image courtesy of Newmark Knight Frank