"We wanted to create a beautiful garden and oasis that is an extension of the Parkway and the Rodin Museum, one that is both an amenity for the residents and an enhancement to the neighborhood,” says Joe Sikora, principal at Sikora Wells Appel.
The expansion will support Ulta Beauty's continued growth and provide additional space and amenities to attract and retain talent, says Colliers' Frederick Regnery.
“Its success is reflective of Rockefeller Group's long track record of successful Garden State developments, as well as the shifting market fundamentals that are driving tenants to the 287 market,” says Cushman & Wakefield's Jules Nissim.
“Eric is so unique, both creative and analytical, with a deep financial expertise that will serve his clients well," says Doug Sayer, president and CEO of Colliers in Philadelphia.
"Infill product close to New York City has become more expensive to lease and difficult to acquire as a result of limited supply and voracious tenant demand," says Christopher M. Bellapianta of Camber Real Estate Partners.
The Apartments at Lincoln Common offer 538 studio, one-, two- and three-bedroom rental residences and penthouses across two separate towers designed by Skidmore, Owings and Merrill in partnership with Antunovich Associates.
“Activity at these buildings demonstrates our belief that with a focus on capital improvements and aggressive marketing, tremendous value can be created,” says Joe Sergi of Clear Height Properties.
The market's cap rate of 4.0% indicates continued high property values, mainly because of its proximity to a range of transportation options and the major ports, says Brian Fiumara of CBRE.