Lincoln Property Company Announces 53K SF in Office Leasing at 299 Cherry Hill Road in Parsippany, NJ

Lincoln Property Company (“Lincoln”), a global full-service real estate firm, negotiated more than 53,000 square feet worth of leasing activity at 299 Cherry Hill Road in Parsippany, N.J., owned by Red River Asset Management. The leasing activity follows the completion of a significant capital improvement program at the North Jersey building, which is now 98 percent leased.

“299 Cherry Hill Road is considered one of the best-located office buildings in North Jersey, accessible to New York City in 30 minutes by car and close to a deep and talented labor pool,” said Rick Genthe, Senior Vice President of Leasing for Lincoln. “When you pair the location with the completion of several building upgrades, including the addition of a new tenant amenity center, 299 Cherry Hill Road offers the preeminent office environment for small and medium-size tenants looking for high-quality space in the Parsippany market.”

The following leases were recently signed at the property, with the Lincoln team of Rick Genthe, Bob Lee and Sean O’Brien representing Red River in the negotiations:

• Unified Women’s Healthcare initially leased 3,041-square-foot lease on the first floor and signed a 5,981-square-foot lease to expand to the second floor. The tenant was represented by Larry Martin of JLL.
• New Jersey Sports Management leased 4,084 square feet on the first floor and was represented by Suzanne Kiall of Lee & Associates.
• ACRE Operating Group leased 5,802 square feet on the second floor and was represented by Tom Consiglio and Scott Peck of Resource Realty.
• Denville Pediatrics leased 5,751 square feet on the second floor and was represented by Nick Savage and Ron Volk of CBRE.
• NUVIA Dental leased 8,530 square feet on the second and third floors and was represented by Transworld Commercial Real Estate.

In addition to the new leases, Lincoln also negotiated more than 20,000 square feet in renewals at the property. Law firm Kinney, Lisovicz, Reilly & Wolff renewed its lease for 9,816 square feet; Resource Realty of Northern New Jersey renewed its lease for 3,318 square feet; and geotechnical engineering firm Haley & Aldrich renewed its lease for 7,071 square feet.

299 Cherry Hill Road underwent a major capital improvement program that was completed in 2024, which included the redesign of the exterior façade; new signage on Cherry Hill Road; a new electronic tenant directory and LED lighting in the main lobby; and a new tenant amenity center, which features a grab-n-go food service, a conference/training room, and a smaller huddle room. Ownership additionally installed a new high-efficiency boiler, a new energy-efficient roof, and repaved the parking lot, which now includes six EV charging stations for tenant use.

In addition to providing leasing services, Lincoln also provides property management services for the building, led by Adam Greenberg.

299 Cherry Hill Road is located directly off Exit 42 on I-80, one mile west of the I-80 & I-287 intersection. Newark Liberty International Airport and river crossings to New York City are just 30 minutes away.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.

About Red River Asset Management, LLC

Red River Asset Management offers real estate asset management services to select real estate clients.  They invest in value-add and core-plus office properties in major and secondary markets throughout the U.S. Their property types include office, flex and industrial, with a special focus on distressed real estate and loan workout situations. They oversee leasing, property management, capital improvement programs, operational and financial reporting, refinancing, and asset disposition with long-term strategic planning and day-to-day operations of the property.