SOURCE: Lincoln Equities Group

Lincoln Equities Group

October 10, 2013 10:40 ET

Lincoln Equities Group Adds Washington Plaza

Piscataway Class A Addition Signals Strong Portfolio Growth

RUTHERFORD, NJ--(Marketwired - October 10, 2013) - Lincoln Equities Group, LLC (LEG) today announced its addition of the Washington Plaza Office complex in Piscataway, N.J. to its leasing and property management portfolio. This brings the total rentable square footage under LEG to more than 4 million, primarily centered in the New Jersey/New York metro area.

Said LEG CEO Joel Bergstein, "Positive economic factors make this a great investment at this time. Our firm already had a successful track record with this trophy asset when, in the 1990s, we completed renovations and a highly productive leasing campaign."

The contemporary Class A, four-story complex is conveniently located at the Exit 6 off-ramp of Interstate 287 on 1551 South Washington Avenue in Piscataway. The popular glass-clad building houses nearly 200,000 square feet with a solid tenant roster of high quality, industry-leading firms including Paychex, IBM, Burns & McDonnell, Tingley Rubber, and more.

"We are excited about this opportunity and anticipate strong leasing interest," said Senior Leasing Director, Ken Flynn. "Washington Plaza's location on the I-287 interchange has always been a strategic advantage."

Washington Plaza principal owner, Ron Stern, added, "Their strong expertise in this marketplace, and their history with the property, makes Lincoln Equities the perfect leasing and property management partner. And our ongoing enhancements to this prime Piscataway asset demands a company with Lincoln Equities' drive and experience."

Built in 1984, Washington Plaza boasts many Class A amenities on-site and nearby. It is minutes by car from New York City, Newark Liberty International Airport, Amtrak and New Jersey Transit train routes, with immediate access to Interstates 95, 287, 78, the Garden State Parkway, and US Routes 1 and 9.

According to Flynn, "Washington Plaza is a first-class, high-caliber asset with a price and amenity package that is very competitive to this marketplace. It's an impressive place for any business that wants to start up, or expand its presence, in the region or in the powerful Northeast Corridor."

For information about leasing opportunities at Washington Plaza contact Ken Flynn at 201-531-2363 or kflynn@lincolnequities.com. Interested parties can also review available spaces on the Leasing pages of lincolnequities.com.

LINCOLN EQUITIES GROUP, LLC of Rutherford, NJ, is a leading owner, investor and developer of commercial space in the New York/ New Jersey metropolitan area. The company operates a commercial real estate portfolio comprising more than four million square feet of office, retail, medical and industrial space. Lincoln Equities is extremely active in the marketplace having recently closed significant investments with such institutional partners as Meritage Properties, Avenue Capital, Willett Companies and Investcorp. Recently, the company has expanded its third party management, leasing, and construction services to include assignments for Grosvenor, McMorgan and Company, Investcorp and American Standard.

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