Lincoln Tech Relocates Corporate Office, Realizes Significant Cost Savings
March 25 2021 - 8:30AM
Lincoln Educational Services Corporation (NASDAQ: LINC), marking 75
years in 2021 as a national leader in specialized technical
training, announces the relocation of their Corporate office
effective Thursday, April 1st. The new location – 14 Sylvan Way in
Parsippany, NJ 07054 – offers flexibility and adaptability to
pandemic-related workforce changes while also being expected to
contribute significant cost savings.
Restrictions enacted during the COVID-19 crisis drove Lincoln
Tech’s shift of its corporate operations to a largely virtual
workspace in 2020. The organization was able to maintain a high
level of support to its 22 campuses across the country as well as
providing all student services that led to highly successful
student outcomes in spite of the challenges faced as a result of
the pandemic.
“We leveraged the current weak office market to secure an
attractive rent with less space, since we anticipate more of our
corporate staff working remotely in the near future,” says
President and CEO Scott Shaw. “This smaller space will generate
approximately $20,000 a month in savings. It has also been
well-received among our corporate team members, who have enjoyed
the flexibility of being able to work remotely.”
The new Sylvan Way location is a 17,000 square foot LEED Gold
Certified Class A space in Morris County approximately 12 miles
west of the previous West Orange location.
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About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation is a leading provider
of diversified career-oriented post-secondary education. Lincoln
offers recent high school graduates and working adults
career-oriented programs in five principal areas of study:
automotive technology, health sciences, skilled trades, business
and information technology, and hospitality services. Lincoln has
provided the workforce with skilled technicians since its inception
in 1946.
Lincoln currently operates 22 campuses in 14 states under four
brands: Lincoln Technical Institute, Lincoln College of Technology
and Euphoria Institute of Beauty Arts and Sciences. Lincoln
also operates Lincoln Culinary Institutes in both Maryland and
Connecticut.
For more information, go to lincolntech.edu.
Peter Tahinos
Lincoln Educational Services
973-766-9656
PTahinos@lincolntech.edu
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