facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Office

/

Lease

/

200 Crossing Boulevard

Brother International Corp. Extends Lease At 200 Crossing Boulevard Bridgewater For 83,000 Square Feet
LEASEDOffice

Brother International Corp. Extends Lease At 200 Crossing Boulevard Bridgewater For 83,000 Square Feet

200 Crossing Boulevard

Building Size

82,763 SF

Asset Type

Office

Closing

Jul 16, 2024

AI

The property asset involved in this transaction is an office space located at 200 Crossing Boulevard in Bridgewater. The total square footage of the property is 82,763 square feet. The asset is owned by Alexander Properties.

Summary of transaction details:

The lease has been extended for nearly five years, allowing Brother International Corp. to occupy expanded space on the fifth and sixth floors. The agreement follows a comprehensive space utilization study conducted by JLL to improve workspace efficiency and enhance the employee experience through modern amenities and collaborative areas.

Players

William McCaffrey

Avison Young

Broker

6 deals

Broker

Bridgewater Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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