Leasing Activity Strong at 800-900 Lanidex Plaza, Parsippany, NJ

PARSIPPANY, N.J. (November 1, 2017) – Michael Taylor, Senior Vice President, announced that Lincoln Property Company recently completed two significant leases on behalf of 8H9H Lanidex LLC., / Milelli Real Estate Partners owners for 800-900 Lanidex Plaza in Parsippany, New Jersey. 8H9H Lanidex LLC., / Milelli Real Estate Partners LLC recently purchased the two (2), three story office buildings totaling 114,000 sq ft. and have immediately implemented a total reposition program for the property utilizing the services of Kimmerle & Newman Architects, to create new beautifully designed glass lined lobbies and restrooms in each building. By investing in these improvements, we have been fortunate to recently attract both ENT and Allergy Associates, LLC. and Total Renal Care, Inc.-DaVita.

Because of the commitment by 8H9H Lanidex LLC., / Milelli Real Estate Partners in making these improvements, ENT & Allergy signed a long-term lease for 9,792 square feet on the third floor. ENT & Allergy utilized the services of Peter Rossi of Newmark Knight Frank. ENT & Allergy was originally formed in 1998, when three practices merged with 12 partners and 8 locations and has grown to nearly 180 physicians, practicing in more than 40 office locations throughout the New York and New Jersey.

Additionally, Total Renal Care, Inc. leased 7,552 sf on the first floor of 900 Lanidex Plaza, for twelve (12) years and was represented by Robert Hoffmann and Christine Eberle of Cushman & Wakefield. Total Renal Care, Inc. provides dialysis services for patients suffering from chronic kidney failure. It operates kidney dialysis centers, and provides related medical services primarily in dialysis centers and in contracted hospitals. The company is based in Torrance, California. Total Renal Care, Inc. operates as a subsidiary of DaVita Inc.

800-900 Lanidex Plaza has experience a significant increase in leasing activity, and have signed these new leases as well as extended and expanded the leases of several of our existing tenants, totaling approximately 45,000 sq ft. This at a time when the Parsippany office market continues to experience high vacancies. 800-900 Lanidex Plaza is gaining significant momentum with the recent completion of these leases and the new improvements that are underway. Rick Genthe and Bob Lee of Lincoln Property Company are serving as in-house leasing agents on behalf of 8H9H Lanidex LLC., / Milelli Real Estate Partners

Other new leases and renewals completed at 800-900 Lanidex Plaza include:

• Unicom Systems relocating from across the street and leasing 4,360 sq ft. on the first floor at 800 Lanidex Plaza in a long-term lease.
• Pacific Healthcare Laboratories is relocating from Matawan, NJ and leased 4,067 rentable sq ft. on a long-term lease on the second floor of 800 Lanidex Plaza.
• Western Industries, Vertellus, Aquent, Marotta Gund, Adecco USA, Andrew Leicht, Beeline, DRV Holding, Armo & Hardwicke Capital, all extended and a few expanded with us.

“We are honored to welcome such a distinguished group of new and existing companies that will greatly complement our other current tenants, stated Joseph Milelli Jr.  for Milelli Real Estate Partners. These leases are a reflection of our and Lincoln Property Company’s commitment to meeting the needs of prospective tenants in a timely and cost-effective manner and by providing them with a virtually new state-of-the-art facility in one of the most desirable locations in the region.”

Several new features including new formal lobbies and restrooms using the finest finishes and modern detail have been completed with each building having brand new Carrier energy efficient HVAC units installed. They also provide a beautifully landscaped courtyard area with a fountain located between the two buildings with exterior seating surrounding the fountain.

800-900 Lanidex Plaza is ideally located at the major interchange of I-80 & I-287 with Routes 202 & 46 immediately available off Parsippany Road. Morristown Airport is a ten-minute drive with Newark Liberty International Airport and the Hudson River crossings to New York City just twenty-five minutes away. 800-900 Lanidex is also located within a two-minute drive of several fine restaurants, hotels and shopping.

About 8H9H Lanidex LLC., / Milelli Real Estate Partners

Milelli Real Estate Partners’ goal is to provide the highest quality available at reasonable prices allowing prospective tenants to achieve an excellent value point.  As the principal and sole decision maker, Milelli Real Estate Partners can respond quickly and consummate a transaction in short order as they are not dependent on any committee approvals.