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2 Tower Center BLVD, East B...

FCA Leases 88914 Square Feet To PNC Financial Services At 2 Tower Center BLVD East Brunswick
LEASEDOffice

FCA Leases 88914 Square Feet To PNC Financial Services At 2 Tower Center BLVD East Brunswick

2 Tower Center BLVD, East Brunswick...

Building Size

88,914 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 2 Tower Center BLVD, East Brunswick, covering a total area of 88,914 square feet. The transaction took place in the East Brunswick market. The landlord for this property is FCA.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not provided
  • Address: 2 Tower Center BLVD, East Brunswick
  • Market: East Brunswick
  • Landlord's Representative: David Simson - Newmark
  • Tenant: PNC Financial Services
  • Square Feet: 88,914

In this lease transaction, David Simson from Newmark represents the landlord, FCA, while PNC Financial Services is the tenant that will occupy the space. This transaction delineates the roles of individuals and organizations involved in facilitating the agreement.

Players

David Simson

Newmark

Broker

11 deals

Broker
FCA
FCALandlord

East Brunswick 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