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105 Eisenhower Parkway

MTL Signs Long-Term Lease For 22K SF Office In Roseland
LEASEDOffice

MTL Signs Long-Term Lease For 22K SF Office In Roseland

105 Eisenhower Parkway

Building Size

22,000 SF

Asset Type

Office

Closing

Jan 11, 2024

AI

A long-term lease for accounting firm MTL has been arranged by JLL at 105 Eisenhower Parkway in Roseland, New Jersey. The lease involves MTL relocating from 101 Eisenhower Parkway to a custom-built, flexible office space spanning 22,000 square feet. This move will support their growth goals and talent retention efforts within the Eisenhower Corporate Park.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 105 Eisenhower Parkway, Roseland, New Jersey
  • Market: Roseland
  • Square Footage: 22,000

JLL represented MTL in securing this lease, with David Stifelman and Tim Greiner acting as their representatives. The landlord's representative for this transaction was Jeff Kolodkin, associated with Newmark.

Players

Tim Greiner

JLL

Broker

6 deals

Broker

Roseland Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93