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
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