24 Hour Local Real Estate News

Lincoln Equities Invests $2M in Upgrades for Morristown Office Properties

Aerial view of 60 Columbia Road and 100 Southgate Parkway, Morristown, NJ Aerial view of 60 Columbia Road, Morristown, NJ

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.


Copyright 2018. ALM Media Properties, LLC. All rights reserved.