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LYNDHURST, NJ-Work is winding down and Lincoln Property Co. is preparing to re-introduce 160 Chubb Ave., now known as the Meadowview Technology Center, to the market. Dallas-based Lincoln, which has its New Jersey office in Edison, bought the 130,000-sf former Raytheon building early this year in a venture with ING Realty Partners.

Since the acquisition, Lincoln has renamed and upgraded the facility from class C to class A. Improvements include a new curtain wall façade, new mechanical systems, upgraded common areas and an expanded and resurfaced parking lot. Located within the Meadowlands Corporate Center, the asset currently has just over 92,000 sf available for lease.

The redeveloped asset is expected to give the local class A market a boost. Despite the flattened economy and the amount of sublet space that has hit the larger New Jersey market this year, the Meadowlands office market has a class A vacancy rate of only 1%. “This facility will help meet the demand in an under-built market,” says Michael A. Taylor, Lincoln vice president.

The Grad Partnership is the architect for the redevelopment, and Lincoln’s Peter Zaslowe is handling the leasing. The asset’s corporate neighbors include Ernst & Young, Quest Diagnostics and Sloan-Kettering.

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