Rob Fisher, the director of leasing for Lincoln Equities, along with colleague Susan Lulla, provided in-house representation for the owner. Robert Sheehy and Sean Brady of Cushman & Wakefield spoke for American Standard. Terms of the transaction were not disclosed.
"American Standard is a world-class company, and we are very happy to have renewed its headquarters lease," comments Joel Bergstein, executive vice president of Lincoln Equities.
Built in 1984, Lincoln Equities' and Investcorp's two buildings at One Centennial Plaza add up to a total of more than 237,000 sf, with the larger Building C accounting for approximately two-thirds of the total. Located just off I-287 in this Middlesex County community in Central New Jersey, the complex features a daycare facility operated by the Harmony School, a fitness center and a 244-seat cafeteria. As part of the American Standard transaction, Lincoln Equities has agreed to renovate the cafeteria, a project slated to be completed next year.
Lincoln Equities currently operates a commercial real estate portfolio consisting of more than 2.25 million sf of class A office space and one million sf of industrial space in New Jersey and New York's Long Island. The company continues to be active in the marketplace, according to Bergstein, having recently closed several transactions with such institutional partners as Investcorp and Crow Holdings.
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