As GlobeSt.com previously reported, Lincoln purchased 95 MortonSt. in January 2004 from joint sellers, Brack Capital Real Estateand Steller Management, for $68 million. At thetime, the eight-story 203,412-rentable-sf boutique office buildingmarked the company's first venture into the New York City realestate marketplace. Stein told GlobeSt.com at the time, that itpossessed all of the qualities Lincoln was seeking, namely "anexceptional location, excellent condition, strong tenancy,operating efficiency and a unique ambiance."

Negrin, one of the brokers handling the potential sale, tellsGlobeSt.com that CBRE is just getting into the marketing process atthis time, but that the property is "definitely on the market." Hesays that the firm has not formerly set a bid date as of yet, butthat there has been a lot of buyer interest so far. "We've gotten awide range of interest from different types of buyers," he says,adding that there has been local player interest, institutionalmoney has been taking a look, and "offshore guys that are intriguedby the neighborhood."

Although Negrin would not disclose an asking price, he notesthat it is "market price" and that Lincoln will "make a profit." Hesays that the building has great river views, was recentlyrenovated, and is attractive for its "outstanding credit-tenantroster."