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208 Harristown Road Glen Ro...

Town & Country Living Leases 30,000 SF Office Space At Park View 208 In Glen Rock, NJ
LEASEDOffice

Town & Country Living Leases 30,000 SF Office Space At Park View 208 In Glen Rock, NJ

208 Harristown Road Glen Rock, NJ 07452, USA

Building Size

30,000 SF

Asset Type

Office

Closing

Sep 13, 2023

AI

Town & Country Living, represented by Aaron Eisenberg, is moving to a 30,000-square-foot space at Park View 208, a newly renovated Class A office building in Glen Rock, Bergen County, New Jersey. The property, located at 208 Harristown Road, offers a prime location and various amenities. This long-term lease marks a trend of tenants seeking quality office spaces in renovated suburban New Jersey buildings.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Square Footage: 30,000
  • Address: 208 Harristown Road, Glen Rock
  • Market: Glen Rock

Aaron Eisenberg, representing Town & Country Living, secured the lease through the assistance of Frank Recine, Frank Coco, Alex Friedenberg, and Derek DeMartino of JLL. The team at JLL helped highlight the property's prime location and amenities, making it an attractive option for tenants in the suburban New Jersey market.

Players

Frank Recine

JLL

Broker

$48.1M

vol

7 deals

Broker

Glen Rock 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