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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 180 Park Ave
- Market: Florham Park
- Landlord: Vision Properties
- Tenant: Jonathan Shar - Barnes & Noble Education
- Landlord's Rep: Brian Decillis & William O’Keefe - Cushman & Wakefield
- Tenant's Rep: Gregg Najarian, Neel Shah & Slava Vaynberg - Savills
- Building Occupancy: 90% leased
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
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