The project cost Lincoln Property Co., "multimillion dollars"(the exact amount hasn't been released), and Lincoln vice presidentMike Taylor cites it as an example of the importance, in a tightmarket, of "recognizing the opportunities that do exist and findinga way to take advantage of them." He credits GVA Williams' NewJersey division for concluding the leasing effortsuccessfully.,

Like most successful building conversions, this one hassomething to do with location. It's sited near I-80 and I-287.Nearby are the Parsippany Sheraton Hotel and an Embassy SuitesHotel, as well as the Prudential Business Campus. New York City isabout 30 miles to the east.,

Among improvements to the building, according to Taylor, is anew computer-controlled energy management system with individualvariable control boxes.,

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.