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ERCT Capital Group Leases 15186 Square Feet At 1455 Broad Street In Whiteford

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LEASED

Maryland

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Office15,186 SF
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LEASED

ERCT Capital Group Leases 15186 Square Feet At 1455 Broad Street In Whiteford

1455 Broad Street and 200, 300, 400...

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Office15,186 SF
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Summary

MARYLAND
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:15,186 SF
Transaction Type:Lease

The lease involves a 15,186-square-foot office space located at 1455 Broad Street within the Broadacres Office Park in Bloomfield, New Jersey. This office property is part of a larger 400,000-square-foot development in the Whiteford market, leased by the tenant, Technogym, engaged in the fitness industry.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not specified
  • Address: 1455 Broad Street
  • Market: Whiteford
  • Landlord: ERCT Capital Group
  • Landlord's Representatives: Dan Reider - Newmark, Jeff Schotz - Newmark, Peter Kasparian - Newmark
  • Tenant: Technogym
  • Square Feet: 15,186

The deal was facilitated by representatives from Newmark, specifically Jeff Schotz, Dan Reider, and Peter Kasparian, who were instrumental in the negotiation process on behalf of the landlord, ERCT Capital Group.

Players

Dan Reider
14 deals$146.1M volume(201) 460-5155
BROKER



LANDLORD

Details

LEASED
IMAGE: 1455 Broad Street and 200, 300, 400... MARKET: Whiteford LANDLORD'S REP: Dan Reider -Newmark, Daniel Reider Newmark Knight Frank, Jeff Schotz -Newmark TENANT: LANDLORD: ERCT Capital Group SQUARE FEET: 15186

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Deal Type
Effective Rent (Annual)

$870,452.36

Total Lease Value

$8,704,523.56

Net Landlord Cash Flow$870,452.36