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Carisk Partners Inc. And Insurance Company Lease Office Space At 180 Park Avenue Florham Park

Property Image
LEASED

New Jersey

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Office11,671 SF
Leased 07/08/2024
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Property Image
LEASED

Carisk Partners Inc. And Insurance Company Lease Office Space At 180 Park Avenue Florham Park

180 Park Ave

See Similar Deals
Office11,671 SF
Leased 07/08/2024
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:11,671 SF
Transaction Type:Lease

The property involved in this transaction is an office space located at 180 Park Avenue in Florham Park, comprising a total of 11,671 square feet. The asset is under the management of Vision Properties and the Birch Group and features various amenities such as a cafeteria, fitness studio, and outdoor seating, appealing to potential tenants seeking a prime location.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 11,671
  • Address: 180 Park Avenue
  • Market: Florham Park
  • Landlord: Vision Properties & Birch Group
  • Tenant: Carisk Partners Inc. & Undisclosed Insurance Company
  • Brokers: Brian Decillis, Courtney Rosenkrantz & William O’Keefe - Cushman & Wakefield

Cushman & Wakefield facilitated two long-term leases within the building, securing 7,006 square feet for Carisk Partners Inc. and 4,665 square feet for an undisclosed insurance company. This leasing activity highlights the continued demand for office space in the Florham Park area.

Players

William 'Bill' O’Keefe
5 deals(973) 908-6101
BROKER


Details

LEASED
IMAGE: 07/08/2024 ADDRESS: 180 Park Avenue MARKET: Florham Park ASSET TYPE: Office ~ SF: 11,671 LANDLORD: Vision Properties & Birch Group TENANT: Carisk Partners Inc. & Undisclosed Insurance Company BROKERS: Brian Decillis, Courtney Rosenkrantz & William O’Keefe - Cushman & Wakefield NOTE: Cushman & Wakefield announced two long-term leases at 180 Park Ave. in Florham Park: Carisk Partners Inc. for 7,006 square feet and an undisclosed insurance company for 4,665 square feet. The 228,350-square-foot office building, managed by Vision Properties and the Birch Group, offers amenities like a cafeteria, fitness studio, and outdoor seating, and continues to attract tenants with its prime location and ongoing improvements.

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Deal Type
Effective Rent (Annual)

$668,974.68

Total Lease Value

$6,689,746.77

Net Landlord Cash Flow$668,974.68