Lincoln Equities Group Completes 51,504 SF Long-Term Office Transaction at One Centennial Plaza in P
Written by Greg Eliason   
Wednesday, 23 February 2011 15:02

Lincoln Equities Group, has recently completed a 51,504-square-foot long-term Class-A office lease agreement with Johnson & Johnson Health Care Systems at One Centennial Plaza in Piscataway, N.J. Lincoln Equities’ Dan Ackerman, Senior Director of Leasing, represented the owner in this transaction while Colliers Houston & Company represented the tenant.

 

"Johnson & Johnson has been a subtenant in this facility and they were so pleased with the building, its amenities, as well as the management of the property, that they decided to remain in One Centennial Plaza as a direct long-term tenant," said Mr. Ackerman. "The completion of this transaction demonstrates Lincoln Equities’ commitment to providing our tenants and subtenants with premier office properties, which are well located and include best-in-class services and amenities. We are thrilled to have Johnson & Johnson join our first class tenant roster at this outstanding building."

One Centennial Plaza, which is located at 1 Centennial Avenue in Piscataway, is comprised of three inter-connected three-story buildings of Class-A office space. Built in 1984, the buildings are conveniently situated just off of Interstates 287, 78, the New Jersey Turnpike and the Garden State Parkway. Johnson & Johnson’s office space is located within Building C, which is designed with reflective glass with a flush glazing, and also contains a dramatic atrium lobby. In addition, tenants of the building are provided with premium amenities including 24-hour security, ample parking, drycleaning, an executive dining facility and a newly renovated full-service cafeteria, as well as its close proximity to local hotels, restaurants and fitness centers. "Completing deals of this size and scope are not commonplace during these difficult times, particularly in a market that is defined by small transactions," explained Joel Bergstein, president of Lincoln Equities Group. "Seeing the completion of deals like this one in today’s challenging environment is a very positive sign for activity in New Jersey’s office market, and we are thrilled to have been able to be involved. Ultimately, we believe that Johnson & Johnson will continue to be very pleased with this space and we look forward to working on similar transactions throughout our New Jersey portfolio in the future."