Hartfield Titus & Donnelly Leases Office Space At 111 Town Square Place In Jersey City
111 Town Square Place, Jersey City, NJ 07310, USA
Building Size
11,357 SF
Asset Type
Office
Closing
Jun 17, 2020
AI
An office space located at 111 Town Square Place in Jersey City has been leased by Hartfield Titus & Donnelly. The lease was finalized on June 17, 2021, with a term of five years. The office space spans 11,357 square feet and was leased at an asking rent of $45 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 111 Town Square Place, Jersey City
- Market: Jersey City
- Tenant: Hartfield Titus & Donnelly
- Tenant’s Rep: Peter Sabesan - Cresa
- Landlord’s Rep: Ray Kawas - LeFrak
- Asking Rent: $45/ft.
- SF: 11,357
- Term: Five-year lease
Peter Sabesan from Cresa represented Hartfield Titus & Donnelly as their tenant's representative, while Ray Kawas from LeFrak represented the landlord.
Players
Jersey City 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