Lincoln Property Company Achieves 100% Occupancy for Fairfield 80 Office Center in Fairfield, NJ
PARSIPPANY, N.J. (May 21, 2019) – Michael Taylor, Senior Vice President, announced that Lincoln Property Company recently achieved 100% occupancy at Fairfield 80 Office Center located at 55 Lane Road in Fairfield, NJ, on behalf of Fairfield 55 Lane LLC.
Fairfield 80 is a 110,000-sq. ft., four-story first-class office building located at exit 52 in Fairfield, NJ, directly off of Interstate 80. Upon Lincoln Property Company assuming the responsibilities for Management and Leasing, Fairfield 80 had an occupancy of 38%. Lincoln Property Company immediately implemented an aggressive repositioning and leasing & management campaign for the property.
Several new improvements and upgrades have been completed, including the installation of a brand-new state of the art energy efficient Carrier HVAC system, the renovation of the two-story lobby with the addition of a flat screen TV, renovation of the fitness center with new fitness equipment, the addition of a conference center, and the recent completion of a new roof.
Because of the commitment by Fairfield 55 Lane LLC in making these improvements, we experienced a significant increase in the level of leasing activity, by signing a total of Seventeen (17) new leases totaling 84,039 sf as well as extending and expanding the leases of five existing tenants, totaling an additional 26,000 sf. At a time when the office market continues to witness high vacancies, Fairfield 80 Office Center has stood above the competition and experienced significant activity with the recent completion of these leases. Lincoln Property Company’s Robert Lee & Rick Genthe have been serving as in-house leasing agents, with Tara Vegas as the Property Manager. Lincoln Property Company has been serving as the property management company.
“We are pleased to welcome such a fine group of new companies that complement our current roster of distinguished tenants”, stated Bob Lee. “These leases are a reflection of the ownership’s and Lincoln Property Company’s commitment to meeting the needs of prospective tenants in a timely and cost-effective manner and by providing a state-of-the-art facility in one of the most desirable locations in the region,” Genthe concluded.
Fairfield 80 Office Center is a four story, 110,000 sq. ft. Class A office building located just off Exit 52 on Interstate 80. 55 Lane Road provides several new features including a new formal two -story lobby, Traci’s Café, a full-service café, a totally renovated fitness center with all new exercise equipment, a brand-new Carrier energy efficient HVAC system, and a limited number of covered executive parking spaces. Fairfield 80 also offers a unique floor plate that allows for a total of twelve corner offices per floor. Fairfield 80 offers outstanding access to Interstate 80, Routes 46, Route 23, and is only a few miles from Route 3 and the Garden State Parkway. Several hotels, restaurants, banking facilities, and the Willowbrook Mall are in close proximity. Newark Liberty International Airport and river crossings to New York City are just twenty-five away.
About Lincoln Property Company
Headquartered in Dallas, Texas, Lincoln Property Company is one of the largest and most respected privately held diversified real estate service companies in the industry. The Company employs over 6,500 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. Or access the webpage at www.lpcnytri-state.com