Since the acquisition, Lincoln has renamed and upgraded thefacility from class C to class A. Improvements include a newcurtain wall façade, new mechanical systems, upgraded common areasand an expanded and resurfaced parking lot. Located within theMeadowlands Corporate Center, the asset currently has just over92,000 sf available for lease.

The redeveloped asset is expected to give the local class Amarket a boost. Despite the flattened economy and the amount ofsublet space that has hit the larger New Jersey market this year,the Meadowlands office market has a class A vacancy rate of only1%. "This facility will help meet the demand in an under-builtmarket," says Michael A. Taylor, Lincoln vice president.

The Grad Partnership is the architect for the redevelopment, andLincoln's Peter Zaslowe is handling the leasing. The asset'scorporate neighbors include Ernst & Young, Quest Diagnosticsand Sloan-Kettering.