Also known as 10 Mulholland Dr., the four-story asset was built in 1983 and was 50% occupied at the time of purchase. The existing tenant roster consists of a range of largely small-space users and the building has availabilities of as small as 2,600 sf. "It is currently an underperforming office building in what we feel is a highly desirable location," says Michael Taylor, senior vice president at Lincoln Property Co., which has a regional office in Edison. "We are planning to reposition this struggling class B building into a quality class A building by implementing a capital plan that includes renovations to the building façade, main lobby and all common areas."
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