Phone company leases 30,000 s/f.

Lincoln Equities Group, LLC announced a 29,613 s/f office space lease to Union Telecard Alliance (UTA) at its 1979 Marcus Avenue property in Lake Success, NY.

Lincoln Equities Group's Robert Fisher and Susan Lulla represented the landlord, while Robert Rosenbluth and Michael Hogan of Real Estate Strategies represented the tenant in the transaction. Richard Cohn of Earp Cohn was legal counsel for the landlord in the deal.

UTA, one of the largest distributors of prepaid phone cards in the United States, will move into its new space early next year.

The 29,613 s/f property, built in 1988, features a fitness center, full service cafeteria, 24-hour on-site security guard service, and a three-level below-grade parking garage that contains 1,084 covered spaces and 318 surface spaces.

"We are currently performing a major capital improvement program to the building," said Fisher.

"This program includes a complete renovation to the three-level underground parking deck and other cosmetic upgrades to the interior and exterior of the building. UTA saw the value in committing to this space while the renovations were in progress thereby achieving favorable lease terms."