4A — November 24 - December 7, 2017 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal

Total reposition program for the property is utilizing the services of Kimmerle &Newman Architects Lincoln Property Company completes two leases for 800-900 Lanidex Plaza P

ARSIPPANY, NJ — Michael Taylor , se- nior 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 Par- sippany. 8H9H Lanidex LLC., / Milelli Real Estate Partners LLC recently purchased the two, three story office build- ings totaling 114,000 s/f and have immediately implement- ed a total reposition program for the property utilizing

the services of Kimmerle & Newman Architects , to cre- ate new beautifully designed glass lined lobbies and rest- rooms in each building. By investing in these improve- ments, we have been fortu- nate 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 improve- ments, ENT & Allergy signed a long-term lease for 9,792 s/f on the third floor. ENT &

Allergy utilized the services of Peter Rossi of Newmark Knight Frank . ENT & Al- lergy was originally formed in 1998, when three practices merged with 12 partners and 8 locations and has grown to nearly 180 physicians, prac- ticing in more than 40 office locations throughout the New York and New Jersey. Additionally, Total Renal Care, Inc. leased 7,552 s/f on the first floor of 900 Lanidex Plaza, for twelve years and was represented by R ob- ert Hoffmann and Chris- tine Eberle of Cushman & Wakefield . Total Renal Care, Inc. provides dialysis services for patients suffering from chronic kidney failure. It op- erates kidney dialysis centers, and provides related medical services primarily in dialysis centers and in contracted hospitals. The company is based in Torrance, CA. Total Renal Care, Inc. operates as a subsidiary of DaVita Inc. 800-900 Lanidex Plaza has experience a significant in- crease in leasing activity, and have signed these new leases as well as extended and expanded the leases of several of our existing ten- ants, totaling approximately 45,000 s/f. This at a time when the Parsippany office market continues to experi- ence high vacancies. 800-900 Lanidex Plaza is gaining significant momentum with the recent completion of these leases and the new improve- ments that are underway. Rick Genthe and Bob Lee of Lincoln Property Company are serving as in-house leas- ing agents on behalf of 8H9H Lanidex LLC., / Milelli Real Estate Partners Other new leases and re- newals completed at 800-900 Lanidex Plaza include: • Unicom Systems relocat- ing from across the street and leasing 4,360 s/f on the first floor at 800 Lanidex Plaza in a long-term lease. • Pacific Healthcare Labo- ratories is relocating from Matawan, NJ and leased 4,067 rentable s/f 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 Hold- ing, Armo &Hardwicke Capi- tal, all extended and a few expanded with us. n

800 Lanidex Plaza

Made with FlippingBook - Online magazine maker