On the heels of a recently completed major capital improvement program, Newmark and American Equity Partners are pleased to announce 73,000 square feet in new lease transactions at Lincoln Place - 2174 Route 27 S, Edison, New Jersey - to AeroTek, Power Home Remodeling and Country Silk, Inc. The Newmark leasing team of Senior Managing Director Jamie Drummond and Associate Directors Andrew Perrotti and Daniel Reider represent American Equity Partners.
AeroTek will now occupy 17,276 square feet on the third floor. Power Home Remodeling took 26,081 square feet on the second floor as well as 8,100 square feet of warehouse space. Country Silk, Inc. took 7,900 square feet of office space on the fourth floor, 4,300 square feet of showroom space on the first floor and 12,400 square feet of warehouse and merchandising space.
American Equity Partners recently finalized major renovations at Lincoln Place, a 250,000-square-foot, Class A office building, including an all-new lobby, 5,000-square-foot café, 3,000-square-foot fitness center, updated common areas and restrooms, and HVAC upgrades. Remaining availabilities include 29,000 divisible square feet on the second floor and an additional 10,000 square feet on both the second and first floors.
“Ownership has transformed this building from a run of the mill commodity to a true Class-A asset with modern finishes and amenities,” said Drummond. “Lincoln Place’s convenient central location, newly added café and fitness center will be instrumental in attracting new tenants and will greatly contribute to their long-term satisfaction.”
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
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