MORRISTOWN, NJ—Lincoln Equities Group and Jones Lang LaSalle have completed a $2 million capital improvement project on commercial properties at 60 Columbia Road and 100 Southgate Parkway in Morristown, NJ. The three, three-story office buildings total 300,000 square feet of space, with 118,000 square feet available for lease.
“The renovations have created modern spaces that fit the needs of corporations and medical offices seeking to expand or relocate,” says Joel Bergstein, president, LEG. “The upgrades respond to the evolving needs of growing companies who seek to attract a millennial demographic.”
The extensive transformation of the two-building, 156,000-square-foot complex at 60 Columbia Road includes a redesigned lobby entrance, upgrades to the HVAC system, new roof, patio area with furniture and an enhanced landscape design. The upgraded lobby space is complimented with granite, new artwork and sculptures. Additional amenities include a state-of-the-art fitness center and full-service cafeteria with abundant indoor and outdoor seating.
“Building B at 60 Columbia is 100-percent leased with big-name tenants like Simon Premium Outlets and the McKesson Corporation, and Building A is entirely available,” says Dennis McConnell, executive vice president of real estate for JLL, the property's listing agent. “It's an incredible opportunity for a company to come in and make the 78,000-square-foot property their own.”
With tenants including Verizon Wireless, Porzio, and Bromberg & Newman, renovations on the 151,400-square-foot 100 Southgate Parkway building include door and entry enhancements, a revamped exterior aesthetic and new landscaping lining the building.
The properties are just off Interstate 287 and Route 24 in Morristown.
“These properties offer a tremendous chance for a company seeking to lease in this area,” says LEG's senior director of leasing, Ken Flynn. “Being able to lease 78,000 square feet of space in a suburban environment just outside Morristown's thriving downtown district is an incredible asset.”
The buildings can be used for corporate offices as well as medical facility functions, with potential for both office and laboratory use.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
