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$2 Million Building Renovations Include New HVAC System and Roof
Renovations on a 300,000 square-foot commercial building in New Jersey included upgrades to the HVAC system, new roof, patio area with furniture and an enhanced landscape design.
Lincoln Equities Group (LEG) and JLL have announced the completion of a $2 million capital improvement project on commercial properties at 60 Columbia Road and 100 Southgate Parkway in Morristown, NJ.
“We are pleased with the substantial improvements we’ve made at our Morristown properties,” says Joel Bergstein, president of LEG. “The renovations have created modern spaces that fit the needs of corporations and medical offices seeking to expand or relocate. The upgrades respond to the evolving needs of growing companies who seek to attract a millennial demographic.”
The extensive transformation of the two-building, 156,000-square-foot complex at 60 Columbia Road includes a redesigned lobby entrance complimented with granite, new artwork and sculptures. Additional amenities include a state-of-the-art fitness center and full-service cafeteria with abundant indoor and outdoor seating.
“Building B at 60 Columbia is 100-percent leased with big-name tenants like Simon Premium Outlets and the McKesson Corporation, and Building A is entirely available,” says Dennis McConnell, executive vice president of real estate for JLL. “It’s an incredible opportunity for a company to come in and make the 78,000-square-foot property their own.”
With tenants including Verizon Wireless and Porzio, Bromberg & Newman P.C., renovations on the 151,400-square-foot 100 Southgate Parkway building include door and entry enhancements, a revamped exterior aesthetic and new landscaping lining the building.
The properties are positioned geographically just off Interstate 287 and Route 24 in Morristown, convenient to urban amenities and multiple train stations. Located minutes from downtown Morristown and historic attractions like the Morris Museum, the buildings serve as a central location for client meetings and recreational breaks.
“These properties offer a tremendous chance for a company seeking to lease in this area,” says Ken Flynn, senior director of leasing with LEG. “Being able to lease 78,000 square feet of space in a suburban environment just outside Morristown’s thriving downtown district is an incredible asset.”
The buildings can be used for corporate offices as well as medical facility functions, with potential for both office and laboratory use.