41 Spring Street is a single story Class A office building located in New Providence, New Jersey. Acquired in September of 2006, the property comprises approximately 170,000 SF of office and lab space. The property currently is occupied by Accenture, Linde North America, Inc. and TRC Environmental Corproation providing a stable and high quality tenant base in one of New Jersey's most desirable office markets.
This investment provides a core, fixed income investment with long term, high quality leases; which also increase our presence in the Northern New Jersey market. Through the acquisition of 41 Spring Street Pitcairn expanded a partnership with SEB Immoblien and enhanced the quality of our overall asset Portfolio.