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Regional Cancer Care Associates Leases 10,000 Square Feet Office Space In Sparta From Berardi Building Company

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LEASED

New Jersey

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Office10,000 SF
Leased 11/12/2024
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LEASED

Regional Cancer Care Associates Leases 10,000 Square Feet Office Space In Sparta From Berardi Building Company

210 Woodport Road

See Similar Deals
Office10,000 SF
Leased 11/12/2024
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:10,000 SF
Transaction Type:Lease

The property asset involved in this transaction is an office space located at 210 Woodport Road in Sparta, consisting of 10,000 square feet. The landlord is Berardi Building Company, while the tenant is Regional Cancer Care Associates (RCCA), which has entered into a lease agreement for a build-to-suit space, significantly increasing its operational space compared to its previous location.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 210 Woodport Road
  • Market: Sparta
  • Landlord: Berardi Building Company
  • Tenant: Terrill Jordan - Regional Cancer Care Associates (RCCA)
  • Landlord's Representative: John Schilp - NAI James E. Hanson
  • Tenant's Representatives: Dennis Gralla & Jonathan Marks - Cresa

This lease marks a significant milestone for RCCA as it embarks on a regional expansion strategy aimed at enhancing access to advanced oncology services. The involvement of real estate representatives, John Schilp from NAI James E. Hanson for the landlord and Dennis Gralla and Jonathan Marks from Cresa for the tenant, facilitated this transaction.

Players

John Schilp
6 deals$18.5M volume
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Details

LEASED
IMAGE: Terrill Jordan, John Schilp, Dennis Gralla & Jonathan Marks DATE: 11/12/2024 ADDRESS: 210 Woodport Road MARKET: Sparta ASSET TYPE: Office ~ SF: 10,000 LANDLORD: Berardi Building Company TENANT: Terrill Jordan - Regional Cancer Care Associates (RCCA) LANDLORD'S REP: John Schilp - NAI James E. Hanson (@NAI_Hanson) TENANT'S REP: Dennis Gralla & Jonathan Marks - Cresa (@CresaGlobal) NOTE: Regional Cancer Care Associates (RCCA) has leased a 10,000-square-foot, build-to-suit space at 210 Woodport Road in Sparta, more than doubling its previous location's size. The lease is part of RCCA’s regional expansion to provide advanced oncology services in modern, accessible facilities.

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97