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MCMORGAN &
COMPANY PURCHASES 10
Waterview Boulevard
in Parsippany, N.J.
-- Linque Management
Company to handle leasing and management --
CONTINUED FROM HOME PAGE
“We are excited to be handling the
leasing and management of this premier office address,” said
Joel Bergstein, executive vice president, Lincoln Equities
Group. “Our track record is strong in positioning office
properties throughout New Jersey, and we are confident this
property, which is 58 percent occupied, offers tenants an
outstanding leasing opportunity within the thriving Morris
County marketplace.”
Presently 10 Waterview’s tenants
include US Express Leasing, the fastest-growing independent
leasing company in the United States; a central region
office of the Food and Drug Administration;
PharmaVOICEMarketplace.com, a comprehensive directory of
products and services for the pharmaceutical and
biotechnology industries; and BASES, a service of The
Nielsen Company.
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Latest News
Insurance Giant AON
Leases 15,205 Square Feet
At Meadows Office Complex in Rutherford, N.J.
AON Service Corporation has leased
15,205 square feet at the Meadows Office Complex in
Rutherford, N.J. Lincoln Equities Group’s Susan Lulla and
Robert Fisher represented the property’s ownership in the
transaction, while CBRE’s David Sherman, Marc Trevisan and
Robert Weber represented the tenant.
AON, one of the largest insurance
brokers in the world, is relocating its Lyndhurst office to
the new space at 301 Route 17 North in May.
“AON was impressed with the extensive
multi-million dollar capital improvement campaign that the
building’s owners recently completed,” said Marc Trevisan of
CBRE. “The property is one of the best maintained and
operated buildings in the Meadowlands marketplace, and that
is evidenced by the high-credit roster of tenants it
attracts.”
Meadows Office Complex is owned by a
partnership of Onyx Equities and Invesco Real Estate.
Lincoln Equities Group serves as property manager and
leasing agent for the office complex.
The recently completed renovations at Meadows
Office Complex encompassed a complete revamping of the main
lobbies, including new marble flooring, cherry wood and
glass paneling, and new storefront entry doors and windows;
new front entry canopies with a connecting awning;
re-painting of the façade; a complete renovation of the
cafeteria, coffee bar, and newsstand; a new fitness center
operated by Push Fitness; and a full cosmetic renovation of
the elevator lobbies. These improvements have created a
state of the art environment and a modern image for the
building and its tenants.
“Prior to acquiring the property in 2005, we
evaluated the property’s position in the marketplace and
determined that the best way for us to achieve the highest
occupancy levels and the greatest return for our investors
was to make a significant capital investment in the
building,” said John Saraceno, principal of Onyx Equities.
“Now that these renovations are complete, we have achieved
our goal of positioning Meadows Office Complex as one of the
most desirable Class-A properties in Bergen County with the
widest variety of on-site amenities.
About Lincoln Equities Group:
Lincoln Equities Group of Rutherford, NJ is a leading
owner, investor and developer of commercial space in the New
York metropolitan area. The company operates a commercial
real estate portfolio comprising more than 2.25 million
square feet of Class-A office space. Lincoln Equities is
extremely active in the marketplace having recently closed
several significant investment transactions with such
institutional partners as Meritage Properties, Willett
Companies, Investcorp and Crow Holdings. For more
information please visit
www.lincolnequities.com.
Lincoln Equities Group Leases 437,000
Square Feet to
Regency Warehousing &
Distribution, Inc. at
Raritan Industrial Center in Flemington, N.J.
Flemington, N.J., December 4, 2006 –
Regency
Warehousing & Distribution, Inc., a leader in
transportation, warehousing, and distribution services, has
leased 437,000 square feet at Lincoln Equities Group’s
Raritan Industrial Center located at 1200 Route 523 in
Flemington, N.J. Joe Nitti of Sitar represented the tenant
in the transaction and Colliers Houston represented Lincoln
Equities Group.
“We are
extremely gratified that Regency was able to see the
intrinsic value in locating at a site that was further away
from the main distribution hubs and their cost savings will
reflect that”, said Joel Bergstein, Executive Vice President
of Lincoln Equities Group.
Formerly
the Lipton Tea Building, the 851,705-square-foot industrial
building was acquired by Lincoln Equities in 2001.
Raritan
Industrial Center features 20 to 47-foot clear ceiling
heights, abundant truck loading with 40' by 40' column
spacing, and a sprinkler system. The Center also offers
fully air-conditioned production, manufacturing, and
packaging areas, ample parking and trailer spaces. There is
currently a contiguous block of 300,000 square feet
available at the facility, which is divisible.
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Strong Tenant Demand Seen at
American Metro Center
More Than 63,000 Square Feet Recently Leased
Hamilton, NJ, November___, 2006-
Lincoln Equities Group, Meritage/Oppenheimer Real Estate
Value Partners I LP, and Avenue Capital have reported strong
leasing activity at American Metro Center, the
480,000-square-foot, three-building multi-tenanted office
complex located at 240 Princeton Avenue in Hamilton, NJ. The
recently inked leases at the property total more than 63,000
square feet. Lincoln Equities’ Robert Fisher and Susan Lulla
represented the property ownership on all four transactions.
• Consolidated
Services Group, an industry leader in the medical claims
solutions industry, has leased 37,490 square feet. Richard
Gittleman of Triad Properties represented Consolidated
Services Group.
• Flaster Greenberg
P.C., an innovative legal solutions law firm, has leased
11,332 square feet. John Sarkisian and Anthony LiVecchi of
CB Richard Ellis represented Flaster Greenberg P.C. in the
transaction.
• Hase/Schannen
Research Associates, a market analysis, research service,
and marketing consultant firm, has leased 7,974 square feet.
Robert Bull and Michael Kennedy of Studley represented Hase/Schannen
Research Associates in the transaction.
• Headwaters, Inc.,
a world leader in creating value through innovative
advancements in the utilization of natural resources, has
leased 6,322 square feet. Paul Vlecides of CB Richard Ellis
represented Headwaters, Inc. in the transaction.
“American Metro Center’s amenities and
great location suited our company’s requirements,” said
Consolidated Services Group’s CEO Michael Morrone. “The
space will allow us to continue to offer a variety of
medical consulting solutions that are sensitive to the needs
of our clients and their policyholders.”
Situated on 112 acres, American Metro
Center is adjacent to the Hamilton train station on NJ
Transit’s Northeast Corridor line, and is within one mile of
I-295 and Route 1. The property features: a full service
cafeteria, a fitness center, a conference center, and 20
foot high ceilings with skylights.
“We have seen a strong leasing demand
at this property since its acquisition in May,” said Andrew
Nathan, principal of Meritage Properties. The market’s
reaction to this unique, high quality product has validated
our initial attraction to American Metro Center. “We are
currently developing a pre-built 10,825-square-foot unit
that would offer a turnkey solution with immediate occupancy
and no construction and design obstacles.”
Lincoln Equities Group, Meritage/Oppenheimer
Real Estate Value Partners I LP, and Avenue Capital joined
forces to acquire American Metro Center in May 2006.
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Meadows
Office Complex Open House Event October 5, 2006
On October 5,
2006, INVESCO, Onyx Equities, and Linque Management hosted
an open house to showcase the multi-million dollar
renovation that was recently completed at the Meadows Office
Complex, 201-301 Route 17 North Rutherford, NJ. Over 100
attendees including local dignitaries and members of the
commercial real estate community were treated to cocktails
and a gourmet dinner. Five lucky raffle winners won pairs
of courtside seats for a Nets game for the upcoming season.
Special guest
appearances were made by members of the New Jersey Nets
including: Team President Brett Yormark, Former Star Guard
Kerry Kittles, The Nets Dancers, and Team Mascot Sly the
Fox. Yormark addressed the crowd by stating that “Just like
the ownership group at Meadows Office Complex has made a
significant investment in upgrading their buildings, we at
the Nets have upgraded our roster and our entire
organization.”
A major capital improvement
program at the Meadows consisted of a complete renovation of
the main lobbies, including new marble flooring, cherry wood
and glass paneling, and new storefront entry doors and
window; new front entry canopies with a connecting awning;
re-painting of the façade in a new color; a complete
renovation of the cafeteria, coffee bar, and newsstand; a
new fitness center operated by Push Fitness; and a full
cosmetic renovation of the elevator lobbies. These
improvements have created a state of the art environment and
a modern image for the building and its tenants.
SEE PHOTOS BELOW - CLICK TO
ENLARGE

David Opper CBRE &
Jonathan Schultz ONYX Equities
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Susan Lulla and Rob
Fisher of Linque Mgmt.
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Nets Dancers |

Tim Greiner, Newmark
Knight Frank, Jim Garibaldi The Garibaldi Group,
Michael Nevins ONYX Equities |

Raffle Prize Winner
Greg Barkan of CBRE and Nets Mascot Sly The Fox
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Raffle Prize Winner
Paul Giannone and Jon Meisel both of Jones Lang
Lasalle
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Raffle Prize Winner
Remy DeVarenne of CBRE
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David Laner INVESCO and
Robert Schenkel Lincoln Equities Group |
Lincoln Equities Inks Lease Deal with
Union Telecard Alliance For Office Space in Lake Success, NY
Lake Success, NY, October___, 2006-
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. “We are
currently performing a major capital improvement program to
the building,” said Mr. Fisher. “This program includes a
complete renovation to the three-level underground parking
deck and other cosmetic upgrades to the interior and
exterior of the building. UTA saw the value in committing
to this space while the renovations were in progress thereby
achieving favorable lease terms.”
Centrally located in Western Nassau County near the Queens
border, the building has direct access to the Long Island
Expressway, Northern State Parkway, Union Turnpike, and
Lakeville Road. The building is in close proximity to Long
Island Jewish Hospital and North Shore University Hospital,
as well as numerous retail centers and restaurants.
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Lincoln Equities Group reports leasing activity at 120 Eagle Rock in East Hanover, NJ
Robert A. Fisher, director of leasing, Lincoln Equities Group, LLC, reports an increase in leasing activity in the northern New Jersey office market, especially at the Company's Eagle Rock IV property in East Hanover, New Jersey. At 120 Eagle Rock, a 187,000 square-foot Class A office facility, over 25,000 square feet of new leases were recently completed. The building is currently 95 percent occupied with two units remaining of 6,300 and 2,300 square feet.
"Eagle Rock IV offers a myriad of tenants some of the finest office space in northern New Jersey and we are pleased to announce the recent robust leasing activity at the property," commented Fisher. "These leases reflect the strong demand for quality space by tenants. Eagle Rock IV is positioned to continue to be a highly popular choice for tenants in the market for top quality space in a great location." At 120 Eagle Rock, General Chemical Industrial Products Inc., a leading producer of soda ash and calcium chloride, signed a new lease for 14,125 square feet and was represented by Kenneth Flynn of Trammell Crow Company. In a separate transaction, Fishman & Callahan, a leading law firm, renewed its lease for 7,081 square feet and was represented by Curtis Foster of Cushman & Wakefield, Inc. of NJ. Additionally, Greenberg & Rapp Financial Group leased 5,967 square feet and was represented by Doug Twyman of Newmark New Jersey.
Eagle Rock IV offers 187,000 square feet of quality office space in the heart of Morris County, New Jersey. The building is rich in architectural detail and features a dramatic two-story atrium lobby with an elegant waterfall and lush greens scattered throughout. Situated on a beautifully landscaped 50-acre corporate campus, 120 Eagle Rock fronts Route 280 and is convenient to Eisenhower Parkway as well as the New Jersey Turnpike and the Garden State Parkway.
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LINCOLN EQUITIES MARKETING SIGNATURE FLORHAM PARK BUILDING FOR LEASE
RARE BUILIDING-NAMING OPPORTUNITY AVAILABLE FOR LARGE TENANT
Lincoln Equities is currently marketing one of the finest Class A office buildings in the highly desirable Florham Park, New Jersey submarket. 180 Park Avenue, Building 105, is recognized as one of the premier office buildings in Florham Park, offering the best combination of building amenities, sophisticated designs and convenient location in this submarket. With 61,588 square feet of space available, 180 Park Avenue, Building 105, also offers a building-naming and signage opportunity for a large tenant. Constructed in 2001, Building 105 is the newest building in the market and the available space has yet to be occupied by any tenant.
Situated in a park-like campus, 180 Park Avenue, Building 105, is located along the signature Park Avenue corporate row. However, it is one of the only office buildings in this Morris Countysubmarket to offer abundant on-site parking, full-service cafeteria and fitness club, a building-naming opportunity, and a lease single floor plate to accommodate a single or multi-tenant arrangement.
The first floor space available at Building 105 can accommodate a single user or tenants seeking 5,000 square feet and under. The building features high-level finishes throughout and state-of-the-art mechanical and electrical systems. Furthermore, the building’s location offers visibility on Route 24. Additionally, 180 Park Avenue features executive parking spaces underneath the building.
180 Park Avenue, Building 105, is ideally located in one of New Jersey’s most desirable and prestigious corporate areas. The park itself is magnificent, with numerous stately trees, walking trails, ponds and abundant wildlife against a backdrop of carefully nurtured open green areas.
The corporate park is located along the Route 24 corridor with direct access to Interstates 287, 78, 80 and280. A variety of amenities surround the campus including shopping and restaurants at Short Hills Mall and in downtown Florham Park, Madison and Morristown.
Robert Fisher, director of leasing, Lincoln Equities Group, commented, “180 Park Avenue clearly offers numerous strategic advantages that other available office buildings in this area do not. From the building signage opportunity to on-site amenities to space layout, we can accommodate a variety of space configurations in an outstanding corporate environment.”
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REED ELSEVIER, INC. LEASES 47,369 SQUARE FEET AT 80 ROCKAWAY CORPORATE CENTER IN ROCKAWAY, NJ
Joel Bergstein, Executive Vice President, Lincoln Equities Group, LLC, announced that Reed Elsevier, Inc. leased 47,369 square feet of space at its Rockaway 80 Corporate Center facility in Rockaway, New Jersey.
Robert A. Fisher, Director of Leasing, and Susan Lulla, Associate Director, both of Lincoln Equities Group, LLC, represented the landlord in this transaction, while Deborah van der Heyden, Scott Panzer and Seena Stein of Newmark and Company Real Estate, Inc. represented the tenant. "We are pleased to welcome Reed Elsevier to Rockaway 80 Corporate Center," said Rob Fisher. "This exceptional quality Class A office building is regarded as one of the most desirable in the area and we are proud to add Reed Elsevier to its prestigious tenant roster. In this business climate, there is a definite flight to quality facilities, and Rockaway 80 is a real beneficiary of this trend." Reed Elsevier, Inc., a leading publisher and information services provider, serving primarily the United States and Europe, will utilize this space, spanning two floors, as a sales, marketing, finance and production office for its Reed Business Information subsidiary's publications. Located at 100 Enterprise Drive, Rockaway 80 Corporate Center is a seven-story, 243,000 square foot Class A office building, situated at the interchange of Routes 80 and 15 in the heart of Morris County. Just 30 miles from both Manhattan and Pennsylvania, the striking office tower features a dramatic reflective glass with distinctive granite accents, an elegant lobby with a two-story atrium and upgraded interior appointments. The building's state-of-the-art amenities include six high-speed elevators, fiber optic telecommunications and 24/7 access/security. Nearby are Rockaway Townsquare Mall, restaurants, banking facilities and hotels.
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SGS NORTH AMERICA, INC. FINDS HEADQUARTERS SPACE AT LINCOLN EQUITIES' MEADOWS OFFICE COMPLEX LEASE BRINGS COMPLEX TO 90% OCCUPANCY
RUTHERFORD, NJ, NOVEMBER 14, 2003-- Joel Bergstein, Executive Vice President, Lincoln Equities Group, LLC, announced SGS North America, Inc. leased 36,920 square feet on two floors at Meadows Office Complex in Rutherford, New Jersey. This space will serve as the U.S. headquarters for SGS, the world's leading verification, testing and certification company. This lease brings the two, 12-story Class A office buildings to 90% leased. Rob Fisher, Director of Leasing, and Susan Lulla, Associate Director of Lincoln Equities Group, LLC, closed this transaction at Meadows Office Complex. Adam Foster, Remy de Varenne and Sean Morley of CB Richard Ellis represented SGS. "We are proud to have concluded this complex transaction and to have accommodated SGS's additional space requirementsat Meadows Office Complex," stated Joel Bergstein. "We are pleased to continue our relationship with SGS at our state-of-the art office complex," Bergstein concluded. SGS was already leasing 7,000 square feet at this facility prior to taking an additional 30,000 square feet. The Company consolidated five area locations to this central location at Meadows Office Complex. As part of this transaction, Lincoln Equities purchased one of SGS's existing locations, a 19,000 square foot, two-story facility in Carteret, New Jersey.
Meadows Office Complex is a 600,000 square foot Class A office center located on Route 17 North. ------------------------------------------------------------------------ AMERICAN STANDARD, INC. RENEWS CORPORATE HEADQUARTERS LEASE AT ONE CENTENNIAL PLAZA IN PISCATAWAY, NJ PISCATAWAY, NJ, NOVEMBER 21, 2003-- Joel Bergstein, Executive Vice President, Lincoln Equities Group, LLC, announced that American Standard, Inc., the leading plumbing supply company, renewed its lease for 79,305 square feet in Building B at One Centennial Plaza, a four-building Class A office campus in Piscataway, New Jersey. American Standard occupies three floors at this facility as its Corporate Headquarters. The property is owned in partnership with Investcorp, a global investment group. Rob Fisher, Director of Leasing, and Susan Lulla, Associate Director of Lincoln Equities Group, LLC, completed this transaction at One Centennial Plaza. Robert Sheehy and Sean Brady of Cushman & Wakefield, Inc. represented American Standard. "American Standard is a world-class company and we are proud to have renewed its headquarters lease at One Centennial Plaza,"Bergstein commented. "This lease validates the outstanding appeal of One Centennial Plaza and our emphasis on tenant satisfaction at Lincoln Equities," Bergstein concluded. One Centennial Plaza is located at the intersection of Centennial Avenue and River Road, which is in close proximity to I-287, the New Jersey Turnpike, Garden State Parkway and Routes 1, 18 and 27. As part of this transaction, Lincoln Equities Group is renovating the cafeteria at the complex, which is expected to be completed in 2004.
One Centennial Plaza offers numerous on-site amenities including a 244-seat capacity full-service cafeteria, a daycare facility operated by The Harmony School, a fully-equipped fitness center, dry cleaning pick-up/drop-off services, as well as 24-hour security. (Back to Home Top) ------------------------------------------------------------------------ LINCOLN EQUITIES ANNOUNCES THE RENEWAL AND EXPANSION OF LEASE AT ROCKAWAY 80 CORPORATE CENTER Joel Bergstein, Executive Vice President, Lincoln Equities Group, announced that Warner Chilcott, a marketer of women's health and dermatology prescription pharmaceutical products, recently renewed and expanded its lease by 11,000 square feet, now occupying a total of 42,349 square feet at Rockaway 80 Corporate Center in Rockaway, New Jersey. "We are pleased to have completed this successful transaction at Rockaway 80 Corporate Center," stated Joel Bergstein. "As a growing pharmaceutical marketing company, Warner Chilcott had expansion needs and we were extremely happy to offer them the flexibility they needed for growth at Rockaway," Bergstein concluded. Rob Fisher, Director of Leasing and Susan Lulla, Associate Director of Lincoln Equities Group, L.L.C.'s Linque Management team, represented the landlord in the transaction. F. John Fatigati and Jeffrey Garibaldi of The Garibaldi Group/CORFAC International, brokered the transaction.
Rockaway 80 Corporate Center is a 7-story, Class A office building strategically located by Routes 80 and 15 in Morris County, New Jersey. Totaling 251,000 square feet, the center is 30 miles from both Manhattan and the Pennsylvania state line. (Back to Home Top) ------------------------------------------------------------------------ Joel Bergstein, Executive Vice President, Lincoln Equities Group, announced IBM has renewed and expanded its lease by 26,000 square feet to now occupy a total of 78,353 square feet at 1551 South Washington Avenue at Washington Plaza in Piscataway, New Jersey. This new lease brings the building to 100% occupancy. "We are pleased to have consummated this lease on behalf of IBM, a long-term tenant at Washington Plaza, and to announce that the building is fully leased. This transaction validates the outstanding quality of Washington Plaza and Lincoln Equities' commitment to meeting the on-going needs of its current and future tenants," stated Joel Bergstein. IBM was represented by J. Douglas Petrozzini of Grubb & Ellis, while the landlord was represented in-house by Robert Fisher and Susan Lulla. Washington Plaza is a 196,000 square foot, Class A flex facility and offers numerous attractions including on-site professional management and security, on-site café and a newly expanded parking ratio. Lincoln Equities Group of Rutherford, New Jersey, is one of the most respected owners, investors and developers in the New York Metropolitan area. The Company operates a commercial real estate portfolio comprising more than 2.25 million square feet of Class A office space and 1 million square feet of industrial space. Lincoln Equities continues to be extremely active in the marketplace having recently closed several significant investment transactions with such institutional partners as Investcorp and Crow Holdings. (Back to Home Top) ------------------------------------------------------------------------ FLORHAM PARK, NJ-The New York-based arm of global investment group Investcorp announced that in conjunction with Rutherford, NJ-based Lincoln Equities Group, it has paid $110M-plus for three class A office buildings in the 89.5-acre Rockefeller Group Corporate Park, located on Rte. 24 at 180 Park Ave. The 606,622-sf acquisition will be leased and managed by Lincoln Equities Group. "The acquisition of the Florham Park office portfolio builds upon Investcorp's investments in the Northern New Jersey office sector," says Jon Dracos, member of Investcorp's Management Committee. "Furthermore, this acquisition, along with other recent office investments in other targeted markets throughout the U.S., demonstrates Investcorp's on-going commitment to the office investment sector." This acquisition is the 16th office and/or industrial property acquired by Investcorp in 2002. Two of the buildings are fully-leased by AT&T Corp and house the headquarters of that company's AT&T Labs Research division. Novartis Pharmaceuticals Corp. occupies a majority of space in the third building. Undisclosed brokerage at New York-based Cushman & Wakefield negotiated the transaction of behalf of Manhattan-based The Rockefeller Group. Brokerage for Investcorp was undisclosed. Lincoln Equities Group, based in Rutherford, New Jersey, operates a commercial real estate portfolio comprising more than1.9 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. For more information, contact Robert A. Fisher, Director of Leasing, at the company's Rutherford, New Jersey headquarters at 201-460-3440. (Back to Home Top) ------------------------------------------------------------------------ LINCOLN EQUITIES GROUP SIGNS REVLON LEASE AT WASHINGTON PLAZA LEASE BRINGS FACILITY TO 100% OCCUPANCY PISCATAWAY, NJ, AUGUST 23, 2002— Lincoln Equities Group announced Revlon Consumer Products Corporation recently signed a lease for 33,001 square feet at 1551 South Washington Avenue at Washington Plaza in Piscataway, New Jersey. The leading cosmetics company will utilize this space for its New Jersey offices for sales, administration and accounting. This lease brings the 196,000 square foot, Class A office building to 100% occupancy. Robert A. Fisher, Director of Leasing and Susan Lulla, Senior Leasing Associate, served as in-house representatives in this transaction. Douglas Twyman and Patrick Masi of Newmark Real Estate of New Jersey serve as Exclusive Leasing Agents for the facility, while Edwin Cohen of Cushman & Wakefield of New Jersey, Inc. represented Revlon in this transaction. "We are pleased to welcome Revlon to Washington Plaza and to additionally report that the facility is 100% leased," stated Rob Fisher. "This lease is reflective of the curb appeal of this quality office building and the image that it provides to tenants like Revlon." Washington Plaza offers numerous attractions including on-site professional management and security, on-site café, tailgate loading dock with receiving area and a newly expanded parking ratio. Washington Plaza is conveniently located with immediate access to I-287 and in close proximity to the New Jersey Turnpike, Garden State Parkway, Routes 1, 9 and 27 and just minutes from Newark International Airport. Nearby are numerous restaurants, shopping centers and banks, as well as the Piscataway Town Shopping Center. Revlon is a world leader in cosmetics, skin care, fragrance and personal care and is a leading U.S. mass market cosmetics brand. Our vision is to provide glamour, excitement and innovation through quality products at affordable prices. To pursue this vision, Revlon's management team combines the creativity of a cosmetics and fashion company with the marketing, sales and operating system of a consumer packaged goods company. Our global brand name recognition, product quality and marketing experience have enabled us to create one of the strongest consumer brand franchises in the world, with our products sold in approximately 175 countries and territories. Revlon's brands include Revlon®, ColorStay®, New Complexion®, Revlon Age Defying®, Almay®, Ultima ®, Flex® and Charlie®. More information about Revlon and its products can be found on the websites http://www.revlon.com and http://www.almay.com. Lincoln Equities Group, based in Rutherford, New Jersey, operates a commercial real estate portfolio comprising more than1.9 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. For more information, contact Robert A. Fisher, Director of Leasing, at the company's Rutherford, New Jersey headquarters at 201-460-3440. (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES GROUP, LLC ACQUIRES ONE CENTENNIAL PLAZA IN PISCATAWAY, NJ Representing one of the largest acquisitions to date in 2002, Lincoln Equities Group, LLC has announced the purchase of One Centennial Plaza in Piscataway, New Jersey. The 236,961 square foot Class A office building is recognized as one of the best facilities in the Middlesex County marketplace. One Centennial Plaza is fully leased to two credit tenants: Great West Life & Annuity Insurance Company and American Standard, serving as its world headquarters. David Weinstein, CFO and Executive Vice President, Lincoln Equities Group, and Brad Seiden, Investcorp, negotiated this transaction on behalf of the purchaser. Lincoln Equities acquired One Centennial Plaza in conjunction with its investment partner, Investcorp. This acquisition represents the second recent large acquisition by Lincoln Equities Group, the first being the purchase of the 851,055 square foot former Lipton Northeast Distribution and Production facility in Flemington, New Jersey acquired at the close of 2001. Cushman & Wakefield of New Jersey, Inc. was responsible for consummating the sale of One Centennial Plaza. The Cushman & Wakefield team consisted of David Bernhaut, Executive Director; Gary Gabriel, Senior Director; and Ines Leung, Associate. One Centennial Plaza consists of two, three-story office buildings situated within a four-building office complex. The properties are located at the intersection of Centennial Avenue and River Road, which is in close proximity to I-287, the New Jersey Turnpike, Garden State Parkway and Routes 1, 18 and 27. This institutional-quality building features a full-height atrium with skylighting and a three-story glass façade, granite lobby finishes and a reflective glass exterior. Recent capital improvements include a renovated exterior plaza and walkway as well as a complete replacement of the roofing system. One Centennial Plaza offers numerous on-site amenities including a 244-seat capacity full-service cafeteria, a daycare facility operated by The Harmony School, a fully-equipped fitness center within the American Standard space, dry cleaning pick-up/drop-off services, as well as 24-hour security. "On behalf of our partners at Investcorp, Lincoln Equities is pleased to have closed on this strategic acquisition," stated Joel Bergstein, Partner, Lincoln Equities Group. "One Centennial represented an excellent opportunity to acquire a stabilized, institutional-quality office building at very attractive pricing. This facility is widely recognized as the most desirable office building in the Middlesex County submarket and reflects our Company©ˆs continual ability to take advantage of unstable market conditions and acquire fundamentally-sound, high-quality assets," Bergstein concluded. Lincoln Equities Group, LLC based in Rutherford, New Jersey, operates a commercial real estate portfolio comprising more than 1.7 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. (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES GROUP, LLC MARKETING PRE-BUILT UNITS AT THE MEADOWS OFFICE COMPLEX AND EAGLE ROCK IV ONE UNIT ALREADY LEASED TO THIRD MILLENNIUM TELECOMMUNICATIONS, INC. RUTHERFORD, NJ, APRIL 26, 2002—Based on the successful pre-construction lease consummated by Jim Bortolotti, Associate Vice President of The Garibaldi Group, of a 6,208 square foot pre-built office unit at Washington Plaza in Piscataway, New Jersey to Third Millennium Telecommunications, Inc., Lincoln Equities Group is currently planning the construction of three additional pre-built units within its portfolio. These pre-builts greatly appeal to tenants who desire a timely relocation with minimal workplace disruption and turn-key installations. Each of these new facilities will feature above-standard finishes, generous private offices with glass sidelights, conference rooms and kitchenettes. These pre-built units are expected to be completed in May 2002 and will be available for immediate tenant occupancy. At The Meadows Office Complex, a 600,000 square foot Class A office center located on Route 17 North in Rutherford, New Jersey, Lincoln Equities Group is constructing two pre-built units of 5,570 square feet and 2,149 square feet. On-site amenities include advanced telecommunications systems, full cafeteria, bank, dry cleaner and lobby shop. Other amenities include a board room and seminar room for tenants to utilize as well as a multi-level garage. In addition, at Eagle Rock IV, a 187,000 square foot, Class A office building in East Hanover, New Jersey, the company is constructing a 5,967 square foot pre-built unit. "We are pleased to announce the construction of these three new pre-built facilities within our existing portfolio," stated Robert A. Fisher, Director of Leasing, Lincoln Equities Group. "These quality spaces are ideal for smaller tenants who have tight deadlines for occupancy, require flexible terms and require facilities which are in move-in condition." Lincoln Equities Group, based in Rutherford, New Jersey, operates a commercial real estate portfolio comprising more than1.7 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. (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES GROUP MARKETING 6,000 SQUARE FOOT PRE-BUILT UNIT AT WASHINGTON PLAZA IN PISCATAWAY PISCATAWAY, NJ, NOVEMBER 30, 2001--Lincoln Equities Group is currently constructing and marketing a 6,000 square foot pre-built office unit at 1551 South Washington Avenue, Washington Plaza in Piscataway, New Jersey. Washington Plaza, a 190,000 square foot recently renovated office building, is one of the highest quality blocks of Class A space in the desirable Middlesex County/I-287 corridor and currently offers an additional 40,740 square feet of first-generation shell office space. The 6,000 square foot unit of space will feature several windowed offices with above standard finishes, a conference room and kitchenette, and will be available in January. The pre-built unit is being constructed by Lincoln Equities Group to allow prospective tenants to move right into a finished, upgraded office space. "We are pleased to announce the construction of this new space unit at Washington Plaza," stated Robert A. Fisher, Director of Leasing. Lincoln Equities Group. "This quality space is ideal for smaller tenants who have tight deadlines for occupancy and who require flexible terms." Located just off Exit 6 of Route 287, Washington Plaza is situated in the heart of Middlesex County and is convenient to the New Jersey Turnpike and Garden State Parkway. Lincoln Equities Group's recent capital improvement program at Washington Plaza included a new cafe, lobby renovation and enhancement of all common areas. The building's state-of-the-art design and amenities includes an approved energy-efficient HVAC system, four hydraulic elevators with microcomputer controls, 24-hour access and a thermopane insulated solar black tinted glass window system. The four-story building additionally offers abundant parking and Lincoln Equities Group provides professional on-site management. Lincoln Equities Group, based in Rutherford, New Jersey, operates a commercial real estate portfolio comprising more than 1.7 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. For more information, contact Robert A. Fisher, Director of Leasing, at the company's Rutherford headquarters at 201-460-3440. (Back to Home Top)
------------------------------------------------------------------------ ACTIVITY STRONG AT MEADOWS OFFICE COMPLEX IN RUTHERFORD RUTHERFORD, NJ, NOVEMBER 21, 2001— Lincoln Equities Group has announced substantial activity at The Meadows Office Complex, a 600,000 square foot Class A office center located on Route 17 North in Rutherford, New Jersey. The office campus recently underwent a lobby renovation, which included upgrades to the flooring and wall coverings, creating a dramatic entranceway to the facility. Recently, leasing activity has dramatically increased in response to the building's enhancement program. Currently, units are available ranging in size as small as 1,800 square feet to an entire floor of 24,721 square feet. AXS-One, formerly known as Computron Software, has signed a long-term lease renewal for 48,766 square feet of space at The Meadows Office Complex. The back office administrative software specialist occupies the 11th and 12th floors at the building. Brad Fenlon and Mark Trevisan of Insignia/ESG represented AXS-One, while Robert A. Fisher, Director of Leasing, and Susan Muff, Leasing Associate, served as Lincoln Equities' in-house leasing representatives in this transaction. In addition, Nice Systems, an Israeli-based computer technology company, has signed a long-term lease for 24,721 square feet to occupy the entire tenth floor at The Meadows Office Complex. Nice Systems is relocating from Secaucus, New Jersey. Mark Weiss and Richard Gittleman of Julien J. Studley represented Nice Systems, while Robert A. Fisher and Susan Muff served as Lincoln Equities' in-house leasing representatives in this transaction. At The Meadows Office Complex, the main focal point of the new lobby design is a dramatic patterned stone floor of exotic green and salmon marbles. The renovation also includes the covering of the walls of the lobby in fabric wrapped horizontal "rusticated" panels. Jemline Koto wood stain was used on the wood accents within the lobbies to blend with the other finishes. The two-building, 12-story Class A office center stands as one of the region's most visible structures. Offering dramatic views of New York, the facility is dominated by an expansive window line resulting in a high ratio of windowed offices and abundant natural light. On-site amenities include advanced telecommunications systems, full cafeteria, bank, dry cleaner and lobby shop. Other amenities include a board room and seminar room for tenants to utilize as well as a multi-level garage. The twin buildings include 24-hour card access and on-site security and professional management offered by Lincoln Equities Group. According to Robert A. Fisher, "We are pleased to announce these two lease transactions at The Meadows Office Complex and to welcome Nice Systems to this prestigious office park. With our renovation project now completed, The Meadows Office Complex is experiencing tremendous activity. The new building renovations, infrastructure and quality amenities are appealing to tenants throughout the marketplace." Lincoln Equities Group, based in Rutherford, New Jersey, operates a commercial real estate portfolio comprising more than 1.7 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. For more information, contact Robert A. Fisher, Director of Leasing, at the company's Rutherford, New Jersey headquarters at 201-460-3440. (Back to Home Top)
------------------------------------------------------------------------ CERIDIAN CORPORATION SIGNS 50,457 SQUARE FOOT LEASE AT LINCOLN EQUITIES EAST HANOVER FACILITY Ceridian Corporation, an employer services company has signed a lease renewal and expansion at Eagle Rock IV, a Lincoln Equities office building in East Hanover, New Jersey. The company will now occupy a total of 50,457 square feet at Eagle Rock. Peter Hamburger, Curtis Foster, Jonathan Meisel, Walter Schoenberg and Gary Buesgens of Cushman & Wakefield of New Jersey represented Ceridian in this lease transaction. Robert A. Fisher, Esq., Director of Leasing and Susan Muff, Leasing Associate, of Lincoln Equities represented the landlord. Spanning 187,000 square feet of Class A space, Eagle Rock IV is recognized as one of the finest office environments in Morris County. Situated within a beautifully landscaped 50-acre corporate campus bordering Route 280, the tree-lined property is convenient to I-287 as well as Routes 80, 46 and 10. Eagle Rock IV offers striking architectural detail, a dramatic two-story atrium lobby with an elegant waterfall and lush greens scattered throughout. Polished granite and tinted glass are featured throughout the building. A 4 to 1 parking ratio, on-site cafeteria and property management add to Eagle Rock IV©ˆs appeal. Currently, 17,000 square feet of Class A office space remains available at Eagle Rock IV. "This lease renewal and expansion by Ceridian Corporation clearly reflects Eagle Rock IV©ˆs position as a prime Class A office building in the East Hanover submarket," stated Rob Fisher. "This transaction also indicates that demand remains strong and that our quality tenant base is growing within our portfolio," Fisher concluded. Lincoln Equities Group, based in Rutherford, New Jersey, operates a commercial real estate portfolio comprising more than 1.7 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. For more information, contact Joel Bergstein, Partner, at the company©ˆs Rutherford, New Jersey headquarters at 201-460-3440. (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES GROUP REPORTS 40,090 SQUARE FOOT OFFICE LEASE IN EAST HANOVER, NJ EAST HANOVER, NJ, MAY , 2001 Lincoln Equities Group has closed a 40,090 square foot lease at Eagle Rock IV in East Hanover, New Jersey with Market Measures Interactive. The company is relocating and expanding its corporate headquarters from 28,000 square feet of space in Livingston, New Jersey. Curtis Foster of Cushman & Wakefield of New Jersey represented Market Measures Interactive, while Robert A. Fisher, Director of Leasing, and Susan Muff, Leasing Associate, served as in-house leasing representatives for Lincoln Equities Group. Market Measures Interactive represents the latest lease signing at Eagle Rock IV, which is experiencing strong activity in the marketplace. Currently, only 45,000 square feet of space remains at the 187,000 square foot, Class A office building, which is considered one of the finest in Morris County. Situated within a beautifully landscaped 50-acre corporate campus bordering Route 280, the tree-lined property is convenient to I-287 as well as Routes 80, 46 and 10. Eagle Rock IV offers striking architectural detail, a dramatic two-story atrium lobby with an elegant waterfall and lush greens scattered throughout. Polished granite and tinted glass are featured throughout the building. A 4 to 1 parking ratio, on-site cafeteria and property management adds to Eagle Rock IV©ˆs appeal. "The lease signing at Eagle Rock IV by Market Measures Interactive is yet another indication of this building©ˆs outstanding appeal," stated Robert Fisher. Market Measures Interactive (MMI) is a member of the United Information Group (UIG) Healthcare companies, one of the world©ˆs top three primary research organizations to serve the pharmaceutical and healthcare industries. MMI offers a unique combination of high-value multi-client and custom projects to support a full range of critical applications from market assessment, concept testing and product tracking to sales force optimization, promotional evaluation and direct-to-customer research. For more than 30 years, MMI has been the clear market leader in providing in-depth analyses across more that 40 therapeutic and disease categories in the critical US market. (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES AND INVESTCORP ACQUIRE 215,000 SQUARE FOOT OFFICE BUILDING ON LONG ISLAND In what will be its first acquisition as a partnership, Lincoln Equities Group and Investcorp have acquired 2001 Marcus Avenue in Lake Success, New York. The 215,000 square foot Class A office building is nearly 100% leased to such prestigious tenants as Aetna, Rosenbaum Design Group and AT&T Wireless. The sale price was $31 million. "This transaction reaffirms our strategy of investing in the Long Island marketplace," stated Joel Bergstein, Partner, Lincoln Equities Group. "Lincoln Equities has enjoyed a very successful track record in this market and we are pleased to have partnered with Investcorp to acquire this strategic asset. We are extremely optimistic that our partnership will be making more investments in the near future in the Long Island market," Bergstein concluded. The Lincoln Equities and Investcorp partnership acquired 2001 Marcus Avenue from Cargale & Lighthouse Group. Sam Gus of Kennedy Wilson represented the sellers while Joel Bergstein and David Weinstein, Partner, Lincoln Equities Group and John Dracos and Herb Myers of Investcorp represented the buyers. Lincoln Equities has built a highly successful track record in Long Island, having developed the Aetna East and West office buildings in Garden City. (Back to Home Top)
------------------------------------------------------------------------ MEADOWS OFFICE COMPLEX UNDERGOES MULTI-MILLION DOLLAR RENOVATION RUTHERFORD, NJ, MARCH , 2001—Lincoln Equities Group announced the start of a major dollar lobby renovation at The Meadows Office Complex, a 600,000 square foot Class A office center located on Route 17 North in Rutherford, New Jersey. Recognized as one of the most desirable office locations in the Meadowlands marketplace, The Meadows' striking twin office towers have historically enjoyed among the highest occupancy rates in all of Bergen County. Recently, an extremely rare space opportunity has become available at The Meadows which is already experiencing strong demand. An entirely new design concept is being implemented for this revision. The main focal point of the new design is a dramatic patterned stone floor of exotic green and salmon marbles. The walls of the lobbies will be covered in fabric wrapped horizontal "rusticated" panels. Jemline Koto wood stain is to be used on the wood accents within the lobbies to blend with the other finishes. As a kickoff event for the new lobby renovation, Lincoln Equities Group is running a "Take Your Tenant to Lunch" promotion for the month of April. Both the broker and the tenant will receive $50 gift certificates to Park and Orchard Restaurants for touring the Meadows Office Complex during the month of April. In addition, Lincoln Equities is offering an added incentive to all new tenants and their brokers who sign leases during the lobby renovation period (by August 31, 2001). On new leases of 6,000 square feet or more, real estate brokers can choose between a stainless steel Breitling Chronomat watch valued at over $3,500 or 100% commission upon signing. In addition, all new tenants who sign leases during that period will receive two months of free rent. The two-building, 12-story Class A office center stands as one of the region's most visible structures. Offering dramatic views of New York, the facility is dominated by an expansive window line resulting in a high ratio of windowed offices and abundant natural light. On-site amenities include advanced telecommunications systems, full cafeteria, bank, dry cleaner and lobby shop. Other amenities include a board room and seminar room for tenants to utilize as well as a multi-level garage. The twin buildings include 24-hour card access and on-site security and professional management offered by Lincoln Equities Group. Located at the interchange of Routes 17 and 3, just one mile to the New Jersey Turnpike, Meadows Office Complex is also only 4 miles to I-80 and 5 miles to the Garden State Parkway. The Lincoln Tunnel is within 15 minutes of the campus and Newark Airport is accessible in less than 15 minutes as well. Additionally, on-site bus service is available and New Jersey PATH train service is less than one mile from the site. According to Robert Fisher, Director of Leasing, "With the Meadowlands enjoying one of the lowest vacancy rates in New Jersey, tenants now have an outstanding opportunity at The Meadows Office Complex. This Class A development offers all of the amenities that corporations are seeking today including a striking new lobby, state-of-the-art infrastructure and excellent common areas. We encourage tenants searching for space to contact us soon before this opportunity is spoken for." The space available at Meadows Office Complex ranges from 2,000 to 17,000 square feet. Availability is immediate. (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES GROUP HOLDS OPEN HOUSE AT ROCKAWAY 80 CORPORATE CENTER ROCKAWAY, NJ, MAY __, 2001— On May 3, 2001, Lincoln Equities Group hosted a broker open house to showcase a full floor availability at Rockaway 80 Corporate Center. The event, which was held within the 38,290 square foot 3rd floor space, attracted over 100 of New Jersey's top brokerage professionals and boasted a wild west theme featuring a gourmet western-style lunch and a raffle drawing for three grand prize trips for 4 days/4 nights to the Bellagio Hotel in Las Vegas. Prize Winners were: Bill Phelan, The Acclaim Group, Joseph Tormen, MRH Real Estate Services, and Anita Tanguay, Tanguay Associates. Lincoln Equities Group is marketing a total of 42,919 square feet of high-quality office space at Rockaway 80 Corporate Center. The seven-story, 250,000 square foot Class A office building has historically maintained full occupancy. Located at 100 Enterprise Drive in Rockaway, New Jersey, Rockaway 80 is strategically located at the interchange of Routes 80 and 15 in the heart of Morris County. Just 30 miles from both Manhattan and Pennsylvania, the striking office tower features a dramatic reflective glass with distinctive granite accents, an elegant lobby with two-story atrium and upgraded interior appointments. The building's state-of-the-art amenities include six high-speed elevators, fiber optic telecommunications and 24/7 access/security. Nearby are an abundance of retail stores, restaurants, banking facilities and hotels.
"The available space at Rockaway 80 offers perspective tenants an outstanding opportunity to lease a variety of space configurations in a highly strategic location," stated Robert A. Fisher, Director of Leasing, Lincoln Equities Group. "With Rockaway 80 historically enjoying near 100% occupancy, demand is already very strong for this available space," Fisher concluded. (Back to Home Top)
------------------------------------------------------------------------ SOUTHFIELD CENTER AT 94% OCCUPANCY AFTER 35,000 SQUARE FEET IN RECENT LEASES SOUTH PLAINFIELD, NJ, MARCH ___, 2001—Southfield Center, a 160,000 square foot Class A office building located at One Cragwood Road in South Plainfield is experiencing very strong leasing activity. Recently, approximately 35,000 square feet of leases have been signed leaving a single unit of 9,286 square feet of space remaining at this quality development. In total, over 100,000 square feet of space has been leased at Southfield Center since May of 2000. Ramesys Hospitality has signed a lease for 12,846 square feet at Southfield Center. The company produces software for the hotel industry. Craig Eisenhardt and Andrew Zezas of Insignia/ESG represented Ramesys Hospitality in this lease transaction. Agilent Technologies has leased 11,247 square feet. The leading technology company was represented by Rick Heilmann and Douglas Sitar of Sitar Company. Bright Horizons has leased 11,060 square feet. The childcare company was represented by Matthew McDonough of Peter Elliot, LLC Also, in Piscataway, at another Lincoln Equities facility, Ajilon has leased 9,779 square feet at Washington Plaza at 1551 South Washington Avenue. The company is a division of Adecco International. Brad Armstrong of Equis was the broker. Robert Fisher, Director of Marketing and Susan Muff, Leasing Associate, were Lincoln Equities' in-house representatives. A contiguous block of 33,000 square feet remains available on the fourth floor of Washington Plaza.
Robert Fisher commented, "The addition of Bright Horizons will benefit our existing tenants and will hopefully enable us to attract new tenants to the building. Bright Horizons' quality services are geared towards corporate employees." (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES GROUP CLOSES $150,000,000 INVESTMENT TRANSACTION RUTHERFORD, NJ, FEBRUARY 29, 2000--In what is believed to be the largest transaction in Northern New Jersey in the past twelve months, Lincoln Equities Group is pleased to announce that we have entered into an investment agreement with INVESTCORP and Crow Holdings valued in excess of $150,000,000. This transaction is believed to be the largest in Northern New Jersey in the past twelve months and also marks the first time that INVESTCORP and Crow Holdings have jointly invested in the office market in the state. Lincoln Equities will maintain its current management structure and be responsible for all operations, leasing and management on behalf of the partnership. The Lincoln Equities Group portfolio consists of quality office properties in Parsippany, Piscataway, South Plainfield, Rockaway, Rutherford and East Hanover, New Jersey.This investment agreement will also enable Lincoln Equities to aggressively acquire additional office properties in the New Jersey, Westchester, Connecticut and Long Island markets that meet our investment criteria.
This investment agreement will also enable Lincoln Equities to aggressively acquire additional office properties in the New Jersey, Westchester, Connecticut and Long Island markets that meet our investment criteria. INVESTCORP is a New York-based team of real estate professionals focused on high quality, existing commercial, hotel and residential properties and selective investments in highly regarded commercial real estate operating companies. INVESTCORP's portfolio has a current value of more than $1.4 billion in selected urban and suburban markets in the U.S. Over the past four years, INVESTCORP has concentrated its property investment in four real estate sectors: office, hotel, retail and residential. Crow Family Holdings Realty Partners, L.P. is a real estate investment limited partnership sponsored by Crow Holdings. This fund targets investments in a broad range of domestic real estate including office, industrial, retail, hotel, multi-family and land. Strategies will typically be value-added or opportunistic in nature. Crow Holdings is the group of companies that owns and directs the investments of Trammell Crow, three of his sons, and their direct lineal descendants. (Back to Home Top)
------------------------------------------------------------------------ LINCOLN EQUITIES GROUP TO DEVELOP 900,000 SQUARE FOOT NEW CORPORATE CAMPUS IN THE MEADOWLANDS Lincoln Equities Group is pleased to announce its plans to build two state-of-the-art, Class A office buildings and a first class hotel on 28 acres of land in Rutherford, NJ. The site, known as Highland Cross, is in close proximity to the intersection of Routes 3 and 17 and directly across the street from the developer's signature property and corporate headquarters, the Meadows Office Complex, twin twelve story office buildings totaling 560,000 square feet. Highland Cross will be ready for occupancy in the Spring of 2001. Phase One of the plan calls for a ten story 350,000 square foot office building that will be one of the most technologically advanced buildings in the metropolitan area. Designed by the award winning architecture firm Hellmuth, Obata & Kassabaum, the building will feature high speed voice and data systems and high-tech electrical and HVAC systems which will accommodate the needs of even the most sophisticated technology firms. In addition, a first-class 220 room hotel which will be run by a national operator will be built adjacent to building one. Phase Two will consist of a complementary office building ranging in size from 350,000 to 550,000 square feet. "When we purchased the Meadows Office Complex in 1995, we had confidence in the market", said Joel Bergstein, Executive Vice President of Lincoln Equities Group. "Being 80% occupied at that time, it was difficult to envision additional development in the not too distant future. Given the overall strength of the market reflected by our 100% occupancy level in both buildings for the last 18 months, the dearth of new development in the Bergen County area, and our recent acquisition of these additional 28 acres, we think that now is the optimum time to embark on this project." (Back to Home Top)
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LINCOLN EQUITIES GROUP ANNOUNCES CORPORATE EXPANSION AND RELOCATION Lincoln Equities Group is proud to announce that as of December 1, 1998, the firm will be relocating its corporate headquarters to and expanding its offices within the Meadows Office Complex to more than double their current size. The company has witnessed a significant increase in employees over the past year which facilitated the need for the additional office space. In 1995, the company acquired the twin 12-story buildings consisting of 280,000 square feet each. At that time a significant investment was made to upgrade building systems and infrastructure. Since the completion of those projects, the company has focused its efforts on renovations of the lobbies, bathrooms, and elevators which are already underway. Lincoln Equities Group along with its subsidiaries, Linque Management and Linque Realty Services will now occupy close to 8,000 square feet on the ninth floor of the 301 building. "The Meadows Office Complex is the signature property in our portfolio and we are proud to be investing even more of our resources into it by making this commitment. This expansion signifies our increased capacity in the construction, development, and property management areas which will result in an even higher level of service to our current and future tenants. The quality of the construction and design of our new office space will create a more efficient working environment for our employees as well as a showcase for our construction management capabilities, " said Joel Bergstein, a principal in the firm. (Back to Home Top) |