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525 Washington BLVD, Jersey...

BNP Paribas Leases 150000 Square Feet At 525 Washington Boulevard Jersey City Through Kenneth Siegel
LEASEDOffice

BNP Paribas Leases 150000 Square Feet At 525 Washington Boulevard Jersey City Through Kenneth Siegel

525 Washington BLVD, Jersey City, NJ...

Building Size

150,000 SF

Asset Type

Office

Closing

Jul 21, 2020

AI

The property involved in this lease transaction is located at 525 Washington Blvd, Jersey City, NJ. The market for this asset is Jersey City, where it offers a generous square footage of 150,000 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 525 Washington Blvd, Jersey City, NJ
  • Market: Jersey City
  • Square Feet: 150,000
  • Tenant: BNP Paribas
  • Landlord: Multi-Employer Property Trust
  • Tenant's Representative: Kenneth Siegel - JLL
  • Landlord's Representative: Howard Fiddle - CBRE

Key individuals involved in this transaction are Kenneth Siegel representing the tenant, BNP Paribas, and Howard Fiddle representing the landlord, Multi-Employer Property Trust. Their roles were crucial in facilitating this lease agreement in Jersey City.

Players

Howard Fiddle

CBRE

Broker

30 deals

Broker
MT
Multi-Employer Property TrustLandlord
BP
BNP ParibasTenant

Jersey City 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