Our House Inc. Leases Office Space At 41 Spring Street New Providence For 10 Years

The property asset involved in this transaction is an office space located at 41 Spring Street in New Providence. The lease has an asking rent of $23.50 per square foot and encompasses a total of 26,653 square feet. The lease term is set for 10 years and follows a modified gross lease structure.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $23.50/ft
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: Shelbourne Global
• Tenant: Our House Inc.
• Landlord's Representative: Douglas Rowe & Geoffrey Schubert - Lee & Associates; Ariel Brenner - Shelbourne Global
• Tenant's Representative: Matt LoBocchiaro - Kislak

This transaction features key representatives from both sides. The landlord, Shelbourne Global, is represented by Douglas Rowe, Geoffrey Schubert from Lee & Associates, and Ariel Brenner directly from Shelbourne Global. Our House Inc. is represented by Matt LoBocchiaro from Kislak, facilitating the lease agreement.