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290 West Mount Pleasant Avenue

Gordon Rees Scully Mansukhani Signs 11500 Sq Ft Office Lease At The Eisenhower In Livingston
LEASEDOffice

Gordon Rees Scully Mansukhani Signs 11500 Sq Ft Office Lease At The Eisenhower In Livingston

290 West Mount Pleasant Avenue

Building Size

11,500 SF

Asset Type

Office

Closing

Oct 21, 2024

AI

The property involved in this transaction is a Class A office space located at 290 West Mount Pleasant Avenue in Livingston. The lease encompasses an area of 11,500 square feet, contributing to the reputation of The Eisenhower as a notable office complex within the Northern New Jersey market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 290 West Mount Pleasant Avenue
  • Market: Livingston
  • Asset Size: 11,500 sq. ft.
  • Landlord: Eastman Companies
  • Tenant: Gordon Rees Scully Mansukhani
  • Landlord's Representative: Daniel N. Casey, Erin Wenzler & Jonathan Meisel - CBRE
  • Tenant's Representative: Bill Montana - Savills

The tenant, Gordon Rees Scully Mansukhani, has chosen the location for its strong ownership and efficient layouts. They were represented in the lease transaction by Bill Montana from Savills while Eastman Companies was represented by Daniel N. Casey, Erin Wenzler, and Jonathan Meisel from CBRE.

Players

Daniel N. Casey

CBRE

Broker

6 deals

Broker

Livingston 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