In the transaction, the tenant was represented by Robert Sager of Insignia/ESG. The property owner, Lincoln Equities Group of Rutherford, NJ, was represented in-house by executive vice president Joel Bergstein, as well as by Insignia/ESG's Sager. The terms of the lease were not disclosed.

Raritan Corporate Center is the 850,000-sf former Lipton Northeast distribution and production facility, which the beverage company had vacated as part of a consolidation. Lincoln Equities acquired the building back in 2001 and subsequently repositioned the single-tenant building for multi-tenant use.

The complex, which sits on 108 acres and is accessible to I-78, I-287 and Routes 22, 31 and 202/206, was redeveloped for a variety of manufacturing, distribution and high-tech requirements, according to Bergstein. Flexible layout configurations were built into the building's redesign.

Bergstein notes that the asset currently has approximately 450,000 sf available. Whitehurst & Clark will be the first new tenant to actually move into the building.

Besides this and other industrial properties, Lincoln Equities has a class A office portfolio of more than 2.3 million sf. The company recently closed several significant investment transactions with such institutional partners as Investcorp and Crow Holdings. For its part, the 34-year-old Whitehurst & Clark organization provides book-fulfillment services for a number of publishers. Besides its various retail clients, the company also ships to wholesalers, bookstores, college bookstores, libraries and individuals.