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Five-Story Parking Garage Nearing Completion at Eastman Companies’ Eisenhower Corporate Campus in Livingston, N.J.

| February 11, 2014 | 0 Comments
A new five-story parking garage is nearing completion at Eisenhower Corporate Campus and Conference Center in Livingston, N.J. The new structure will provide 600 additional parking spaces for tenants and guests at the premier 380,000-square-foot Class A office complex. Eisenhower Corporate Campus is owned and managed by Eastman Companies of Livingston, N.J. along with its joint venture partner Long Wharf Real Estate Partners of Boston, Mass.

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Eastman Companies
651 W Mount Pleasant Ave
Livingston, NJ 07039

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Release Date: Tuesday, February 11, 2014

Media Contact: Christine Ziomek (201) 796-7788

Structure Will Provide 600 Additional Parking Spaces at Class A Office Complex

LIVINGSTON, N.J., Feb. 11, 2014 – A new five-story parking garage is nearing completion at Eisenhower Corporate Campus and Conference Center in Livingston, N.J. The new structure will provide 600 additional parking spaces for tenants and guests at the premier 380,000-square-foot Class A office complex. Eisenhower Corporate Campus is owned and managed by Eastman Companies of Livingston, N.J. along with its joint venture partner Long Wharf Real Estate Partners of Boston, Mass.

A headquarters-quality office facility, Eisenhower Corporate Campus offers corporate and professional tenants a strategic Essex County address complemented by exceptional on-site amenities. The new parking structure will offer LED lighting and enhanced state-of-the-art security features, according to Michael Schofel, Eastman Companies' co-managing partner.

Parking is a crucial amenity and competitive advantage in both suburban and urban locations today. "The addition of the parking garage reflects our commitment to accommodating the ongoing requirements of our existing and future tenants," Schofel noted. "To this end, Eastman continues to push ahead to anticipate the needs of our tenants while maintaining and enhancing the high standards of this desirable property."

Eastman Internal Capabilities Include Full-service Development and Construction

According to Peter Schofel, Eastman Companies' co-managing partner, the new parking garage is a great example of the broad scope of commercial real estate services that the company provides, from management and development, to the construction expertise required to execute and oversee new projects from concept to completion. Built by the award-winning affiliate, Eastman Construction Company, the parking garage was erected with pre-cast concrete panels. "This building method offers greater strength and impermeability, as well as superior durability," Schofel commented. "The panels are constructed in a factory setting under controlled conditions and undergo routine quality inspections, assuring adherence to stringent design standards."

Eisenhower Corporate Campus is comprised of four interconnecting buildings set on 33.5 acres of exquisitely landscaped grounds. Campus amenities include a full-service cafeteria with catering capabilities, 100 percent green power supplied along with onsite 1/3 MW solar system, four electric car charging stations, 24-hour security, and a professionally supervised state-of-the-art fitness center. In addition, the fully equipped on-site Eisenhower Conference Center with teleconferencing capabilities is available for a variety of business functions ranging from small meetings to large corporate conferences. The property energy systems are supported by solar panels, and tenants benefit from individually zoned and operated HVAC units.

Situated in the heart of the West Essex corridor, Eisenhower Corporate Campus is just minutes from shopping, restaurants, and the county seats of Morris and Essex counties. It offers tenants direct access to Route 280 and is easily accessible to interstates 78, 80, 28, the Garden State Parkway and Newark Liberty International Airport. The strategic location of Eisenhower Corporate Campus features proximity to a number of universities and exceptional labor pools, enhancing its position as one of New Jersey's most business-friendly and accessible office facilities.  Garibaldi Group/CORFAC International is exclusive leasing agent for the property.

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Eastman Companies
Headquartered in Livingston, N.J., Eastman Companies and its affiliated companies have been in business for 36 years and are recognized leaders in high-quality real estate developments with property throughout Northern New Jersey. The company boasts a portfolio of more than two million square feet of office, retail and industrial space located in Essex, Morris, Bergen and Burlington counties.

Long Wharf Real Estate Partners
Based in Boston, Mass., Long Wharf Real Estate Partners is a private equity real estate manager. The company targets value-added investment opportunities in multiple property sectors and markets across the U.S. Including its experience prior to becoming an independent firm in 2011, the group has invested over $2.5 billion of equity in more than 180 different value-added transactions on behalf of institutional clients over the past 18 years.

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