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Porzio, Bromberg & Newman Signs 16-Year Lease At 5 Sylvan Way With Onyx Equites
LEASED
New Jersey
See Similar DealsOffice43,101 SF
Leased 01/17/2025
LEASED
Porzio, Bromberg & Newman Signs 16-Year Lease At 5 Sylvan Way With Onyx Equites
5 Sylvan Way
See Similar DealsOffice43,101 SF
Leased 01/17/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:43,101 SF
Transaction Type:Lease
The asset involved in this lease transaction is an office space located at 5 Sylvan Way, Parsippany, with a total square footage of 43,101. It is part of Onyx Equities' The Arbors @ Parsippany campus.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 16 years
- Landlord: Jonathan Schultz - Onyx Equites
- Tenant: Vito Gagliardi, Jr. - Porzio, Bromberg & Newman
- Broker: Josh Cohen - Cushman & Wakefield
Porzio, Bromberg & Newman has committed to relocating its headquarters to the discussed campus. The campus has seen considerable leasing activity, having over 89,000 sq. ft. now occupied by new tenants.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,470,523.31
Total Lease Value
$24,705,233.11
Net Landlord Cash Flow$2,470,523.31
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