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EXPRESSIONOF INTERESTREDEVELOPMENTOF125DUNNELL ROADMAPLEWOOD,NEW JERSEY O7O4O
July15,2009
LCOR IncorporatedOnePennPlaza,Suite3310NewYork, NewYork10119Telephone:212-70-0060Contact:
AnthonyL. Marchetta,VicePresident/PrincipalKurt M, Eichler,ExecutiveVicePresident/Principal
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tJuly 5,2008tMr. Joseph anningTownship dministrator
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Maplewood, New Jersey07040
ilRe:Requestfor etters J'htterest
Redevelopmentof 125 Dunnell Road,Maplewood, NJ
IDearMr. Manning:
OnePennPlazaSuite 310NewYork, Y10119(212)760-0060FAX212)60-0891
ILCOR Incorporated spleasedosubmit this responseoyourRequestLettersoflnterest for theilformerPoliceStation ite ocatedat 125Dunnell RoadMaplewood,NewJersey. COR believesthat thesite offers many unique challengesnd economicopportunities.Hence,his undertakingtwill requirea truepartnership,both publicandprivateentities, o maximize itsbenefits.LCORthas a strong track recordof managingboth largeand smallerpublic/privateredevelopmentprojectsof thistypefiomconceptualplanning,odevelopment,onstructionand finally, toIoperationand management.riOver thepastseveralyears,LCOR hassuccessfullylanned, inanced,constructedand nowImanageseveralvery large,multi-facetedpublic-privateedevelopmentrojectsncluding:
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.JFK Terminal 4, a$1.4Billion Air Tenninal or theNY-NJ PortAuthority
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serving six million passengersnnually,completed n 2002..Patent& Trademark HeadquartersCampus,an$885Million, two million S.F.of office space or theU.S. GeneralServicesAdrninistration n Washington,D.C., completedn 2005oNorth Bethcsda Ccntcr,an$850Millionmixed-useproject forWashingtonAreaMass Transit Authority.(Phase CunentlyUnder Construction)rHobokenTerminal and Yard Redevelopmentroject, a 65 acremixed-useprojectfor New JerseyTransit(Redevelopmentlanning Stage)
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Mr. JosephManningTownshipfMaplewood,ewJerseyPagewowehavealsoundertaken'dcompletedmalrerublic/privateedeveloplnentrojectsincludir-rg:'RutgersniversitycenteronEastonAvenue,NewBrunswick,$52Milrio'562,400SFmixed-useacilitywith700studentpartments,p;ii;;arirnggaragendetailshops,ompletedn1992oGaslightCommons,outhOrange,$35Million,200unitLuxuryApanmenrcommunltydlacentotheNewJerseyransit'sloanStreetStation,ompletedin2002andecipientfNJ FutureSmartGrowthAwardoJamesF,OysterSchoolIlenryAdamsHouseWashingtonC,a$40Million,47,000f publicelementarychoolwhich,rt"grutEa-iti*;;"apartmentsnanadjoiningite,completed003Thesuccessfalloftheseprojectssbasedponpossessingheearestatexperienceorecognrzearketopportunities,hoosingighlyskilledconsultantssprojecteamm"mb".sundhavingheinancialesourceso bringpiojeitso"o-pf"tio".Perhaps,hemostcriticalelementf thedevelopmentrocesssthestructuringftheeconomictransaction,o hatalr parties'nterestsrealigned;onsequently,utualbenJfitsareearrzed.LCoR,withitsrecordofsuccess,s confidenthatt hasealestatenowledge,onsultanteam,financialesourcesndexperiencenstructuring-pii""i"aagreementsff;tr"r;'undertakehis project.LCoR'spublic/privatexperiences perhapshemostsignificantn thenation.TheUSGeneralservicesAdministration,heportAuthorityofNewyorliandNewJersey,h"washngtonvassTransituthorityndNewJersey.Transitmongtherpub'candprivatentities,ave'placedheirconfidencenLCoRbynamingh"i,usr!rrau.tereveroperftheirsignificantdevelopmentrojects.
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financialesourcesosuccesstullyndertakehis"-":;t"g;;;j;;;;#i;kfbr#il:
l:X3:.'1^;i,l1::t^y?_*:,r"candownship.c"_#ri;"i;il;il;"*j;;,.ii"i""u,
LC.Rwill preparecomprehensiveiteplanandd"t"ii"J;;;r;-;;"'r"*i;
br thisexciting
Truly,Youpsyu
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