PARSIPPANY, N.J. (February 1, 2022) – Lincoln Property Company, on behalf of Red River Asset Management, announced the recent completion of three new leases along with several renewals at 299 Cherry Hill Road in Parsippany, NJ. Red River recently completed a capital improvement program which included the redesign of the exterior façade that highlights the main entry and address along with a total repainting of the exterior with a new accent banner around the top of the building. A new monument sign directly on Cherry Hill Road was recently completed and installed along with the most attractive feature, a beautiful new Amenity Center located on the first floor. The Amenity Center provides a grab “N” go food service, along with a large conference/ training room with a large flat screen offering tie ins for conferencing and presentations. There is an adjacent huddle room for smaller meetings. Ownership also recently installed a new high efficiency boiler and totally replaced and installed a new energy efficient roof.
These new improvements were instrumental in attracting and generating significant leasing activity. Recent deals include the renewals of the Law Firm of Kinney, Lisovicz, Reilly & Wolff., P.C. on a long-term lease, the relocation and expansion of Patient Care from the second to the third floor and now leasing a total of 6,465 sf, and the recent lease extension of the accounting firm of Maglin Miskiv, an original tenant, which moved into the building in 1983, and has now been in occupancy at 299 Cherry Hill Road for 39 years. Three new leases were also signed with Unified Women’s’ Healthcare, leasing 3,041 rsf. for eleven years, represented by Larry Martin of JLL. Positive Development leased 4,657 sf on the first floor and was represented by Kelsey Nakamura of JLL. Vascular Management Group has leased 4,160 sf on a direct basis.
Considered one of the best located office buildings in the market, 299 Cherry Hill Road is located directly off exit 42 on I-80, one mile west of the I-80 & I-287 intersection. Newark Liberty International Airport and river crossings to New York City are just thirty minutes away. With the completion of several upgrades and improvements, including the addition of the new Amenity Center, 299 Cherry Hill Road offers a preeminent office environment for small and medium-size tenants in the Parsippany market.
The Lincoln Property Company team of Rick Genthe, Bob Lee and Sean O’Brien serve as the leasing representatives for Red River Asset Management. With Lincoln Property Company also acting as the Property Management Company.
About Red River Asset Management, LLC
Red River Asset Management offers real estate asset management services to select real estate clients. They invest in value-add and core-plus office properties in major and secondary markets throughout the U.S. Their property types include office, flex and industrial, with a special focus on distressed real estate and loan workout situations. They oversee leasing, property management, capital improvement programs, operational and financial reporting, refinancing, and asset disposition with long-term strategic planning and day-to-day operations of the
About Lincoln Property Company
Headquartered in Dallas, Texas, Lincoln Property Company is one of the largest and most respected diversified real estate services companies in the industry. The Company employs over 8,000 professionals in over 93 markets in 16 states. Lincoln Property Company is also one of the largest property and construction management firms in the country and offers a full spectrum of development investment sales and brokerage services for third party clients as well as for its own portfolio.
For more information about the full spectrum of services that Lincoln Property Company has to offer, please contact Michael Taylor at Lincoln Property Company’s Parsippany, New Jersey offices at (973)-599-0050.