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Leasing Activity Brisk at Gatehall 1

06 May 2021

PARSIPPANY, N.J. (May 1, 2021) – Lincoln Property Company, on behalf of Chopp Holdings, announced the recent completion of three new leases along with several renewals at Gatehall I in Parsippany, NJ. Chopp Holdings recently completed a capital improvement program which included the renovation of all the common area hallways, new energy efficient LED lighting, attractive carpet tiles, and new artwork.   Ownership also replaced and installed new energy efficient rooftop HVAC units.  The building also offers a recently renovated fitness and conference center.  

These new improvements have led to a significant increase in leasing activity.  Recent deals include the Expansion of the Law Firm of Santomassimo & Davis by extending their lease and expanding by 3,948 sf. to bring their total square footage to 10,862 sf. The Law firm was represented by Derek DeMartino of JLL. In a second new lease Engineering Resources Group, leased 4,449 sq. ft on the third floor for their new HQ offices. ERG was represented by Glenn DiGiacomo of CRESA. And finally, Anchor Management Consultants leased 2,140 sf. in a direct deal.  Additionally, leases were extended for Liberty Mutual Life Insurance Company for 4,868 sf, Compass Group for 2,788 sf, Career Initiatives for 1,694 sf, and Ivory Systems for 2,853 sf. 

Considered one of the more versatile office buildings in the market, Gatehall I is a four story, 114,715-square-foot office building conveniently located on the Route 10 corridor, just ¾ of a mile west of a four-way interchange off of Interstate 287 and one mile south of the I-80&I-287 interchange.  Newark Liberty International Airport and river crossings to New York City are just thirty minutes away.   With the completion of several upgrades and improvements, including renovated restrooms, Gatehall I has become the preeminent office environment for small and medium size tenants in the Parsippany market.

The Lincoln Property Company team of Rick Genthe, Bob Lee and Sean O’Brien serve as the leasing representatives for Chopp Holdings and Gatehall I.

About Chopp Holdings, LLC

Chopp Holdings LLC is a boutique commercial development and management company, based in Lakewood, NJ. Currently Chopp Holdings own and manage approximately 1,500,000 SF of office space, and has three properties of over 200,000 SF collectively in various stages of development and construction.

About Lincoln Property Company

Headquartered in Dallas, Texas, Lincoln Property Company is one of the largest and most respected diversified real estate services companies in the industry. The Company employs over 8,000 professionals in over 93 markets in 16 states. Lincoln Property Company is also one of the largest property and construction management firms in the country and offers a full spectrum of development investment sales and brokerage services for third party clients as well as for its own portfolio.

For more information about the full spectrum of services that Lincoln Property Company has to offer, please contact Michael Taylor at Lincoln Property Company’s Parsippany, New Jersey offices at (973)-599-0050.