Renovation of Class C facility in Lyndhurst nearing completion.
Michael A. Taylor, vice president of Lincoln Property Company, reports that multi-million dollar renovation and repositioning of the class "C" facility at 160 Chubb Ave. in Lyndhurst, N.J. into class "A" status is nearing completion. With the base building work nearly finished, the facility is slated for completion in September 2001. Currently 92,200 SF of high quality space is available.Acquired earlier this year in a venture with ING Realty Partners, 160 Chubb Ave. has been repositioned as Meadowview Technology Center. In a market with less than a 1% vacancy, Meadowview Technology Center represents one of the few new office development projects.
"We are pleased to be nearing completion of the renovation and repositioning project at Meadowview Technology Center. This class "A" facility will help meet market demand in an under-built marketplace. The development also continues Lincoln Property Company's successful track record in repositioning properties in the region," stated Michael Taylor.
Formerly occupied by Raytheon, Meadowview Technology Center is being completely re-built into a state-of-the-art, high-tech office building, capable of meeting tenant requirements from 15,000 SF to multi-floor users. The three-story building renovation is modeled on the success Lincoln Property Company experienced at Crossroads Corporate Center in Parsippany, N.J.
A new curtain wall facade is being installed at the facility, along with new mechanical and electrical distribution systems, upgraded common areas, and an expanded and resurfaced parking lot, with a capacity for four cars per 1,000 SF. Strategically located within the Meadowlands Corporate Center, Meadowview Technology Center is situated at the convergence of Routes 3 and 17, near the New Jersey Turnpike, Garden State Parkway, and I-80.
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| Publication: | Real Estate Weekly |
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| Geographic Code: | 1USA |
| Date: | Oct 3, 2001 |
| Words: | 272 |
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