The upgraded lobby at Lincoln Place at 2174 Route 27 South in Edison — Courtesy: Newmark Knight Frank
By Joshua Burd
The owner of an Edison office building has closed 73,000 square feet in new leases, following upgrades at the 250,000-square-foot property.
Brokers with Newmark Knight Frank said this week that they had arranged three new leases at the revamped building, known as Lincoln Place, at 2174 Route 27 South. The firm represented building owner American Equity Partners in the following transactions:
- AeroTek committed to 17,276 square feet on the third floor
- Power Home Remodeling took 26,081 square feet on the second floor and 8,100 square feet of warehouse space
- Country Silk Inc. leased 7,900 square feet 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
The NKF leasing team of Senior Managing Director Jamie Drummond and associate directors Andrew Perrotti and Daniel Reider represented ownership. They touted recent upgrades such as a new lobby, 5,000-square-foot café and 3,000-square-foot fitness center, along with updated common areas and restrooms and HVAC upgrades.
The team is still marketing 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,” Drummond said. “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.”