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180 Park Ave

Barnes & Noble Education Leases 29127 SF Office At 180 Park Ave Florham Park
LEASEDOffice

Barnes & Noble Education Leases 29127 SF Office At 180 Park Ave Florham Park

180 Park Ave

Building Size

29,127 SF

Asset Type

Office

Closing

Sep 11, 2025

AI

The property asset involved in the transaction is an office building located at 180 Park Ave, Florham Park, featuring a total square footage of 29,127. The building was part of a leasing agreement, representing a significant move for the tenant in the market.

Summary of transation details:

This leasing transaction marks Barnes & Noble Education's relocation for its new U.S. headquarters, transitioning from Basking Ridge in the fourth quarter. Cushman & Wakefield represented the landlord, Vision Properties, whereas Savills acted on behalf of Barnes & Noble Education in this agreement.

Players

Gregg Najarian

Savills

Broker

$5.5M

vol

4 deals

Broker
Savills
SavillsBrokerage
Jonathan Shar

Jonathan Shar

Barnes & Noble Education

Tenant

1 deal

Tenant
Barnes & Noble Education
Barnes & Noble EducationTenant

Florham Park 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