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Lincoln Equities Group,
LLC (LEG) consists of several entities which own,
operate, develop and manage commercial and residential
properties throughout the tri-state area. Historically,
the company's focus has been to anticipate and adapt to
market fluctuations, in order to maximize investor and
partner returns. Lincoln Equities Group, based in
Rutherford, New Jersey, operates a commercial real
estate portfolio comprising more than 2 million square
feet of Class A office facilities located throughout the
New York metropolitan area. For more than two decades,
Lincoln Equities Group has built an outstanding
reputation as a leading owner, developer and property
manager in the market. The firm's office portfolio was
built upon a contrarian strategy of purchasing primarily
from institutional owners during the real estate
recession of the early 1990's. Most of these properties
were leased at below market rates and were not fully
occupied; two of them were completely vacant. The
principals of LEG accurately sensed that a combination
of an experienced hands-on leasing and management team
in a recovering market along with selective capital
improvements, would result in superior returns in the
Northern New Jersey and Long Island office markets.
At the same time, the firm
underwent a significant expansion in several critical
areas which provided its principals with a wealth of
expertise to draw upon. From its inception, LEG has
maintained engineering and construction professionals
who play critical roles not only in upgrading owned
properties and maximizing efficiencies, but also as
consultants on complicated acquisition and development
issues. The multi-faceted backgrounds of its extensive
employee base provide LEG with levels of in-house
expertise that few firms of its size possess. This team
is responsible for the superior services, creative
marketing and financial insight that has enabled LEG to
achieve the highest rents in every submarket that it has
entered.
Since 2000, LEG has
entered into joint ventures as an operating partner with
several prestigious institutional partners including:
Avenue Capital, Crow Holdings, Investcorp, Meritage
Properties, and Willett Companies. In addition, LEG has
handled third-party management and leasing assignments
on behalf of INVESCO, Loeb Partners Realty, Marnier
Financial, and Wells Real Estate Investment Funds. The
firm's stellar track record in closing transactions has
enhanced its reputation among brokers and sellers in the
tri-state area and has enabled it to succeed in an
increasingly competitive market without compromising
superior investor and partner returns. The firm's
outlook for the future is one of continued growth at a
cautious pace with a willingness to adapt to market
changes, venture into new markets, and to acquire
different types of income producing properties. The
company's long-standing credo of "combining vision with
value" summarizes its recent successes and future
objectives and has enabled it to keep a "LEG" up on the
competition.
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Lincoln Equities Inks
Lease Deal with Union Telecard Alliance
Lincoln Equities Group, LLC announces a 29,613-
square-foot office space lease to Union Telecard
Alliance (UTA) at its 1979 Marcus Avenue property in
Lake Success, NY. Lincoln Equities Group’s Robert
Fisher and Susan Lulla represented the landlord,
while Robert Rosenbluth and Michael Hogan of Real
Estate Strategies represented the tenant in the
transaction. Richard Cohn of Earp Cohn was legal
counsel for the landlord in the deal.
UTA, one of the
largest distributors of prepaid phone cards in the
United States, will move into its new space early
next year.
The
29,613-square-foot property, built in 1988, features
a fitness center, full service cafeteria, 24-hour
on-site security guard service, and a three-level
below-grade parking garage that contains 1,084
covered spaces and 318 surface spaces.
...more
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