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111 Town Square Place, Jers...

Hartfield Titus & Donnelly Leases Office Space At 111 Town Square Place In Jersey City
LEASEDOffice

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

Peter Sabesan

Broker

7 deals

Broker

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