Lincoln Equities Group Leases 27000 Square Feet At 60 Columbia Rd Morristown To Tenant Represented By James Fraser
LEASED
New Jersey
See Similar DealsOffice27,000 SF
Leased 08/02/2019
LEASED
Lincoln Equities Group Leases 27000 Square Feet At 60 Columbia Rd Morristown To Tenant Represented By James Fraser
60 Columbia Rd, Morristown, NJ, 07960
See Similar DealsOffice27,000 SF
Leased 08/02/2019
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:27,000 SF
Transaction Type:Lease
The property involved in this transaction is located at 60 Columbia Rd, Morristown, NJ, 07960. It is part of the Morristown market and encompasses a total area of 27,000 square feet. The landlord for this lease is Lincoln Equities Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 60 Columbia Rd, Morristown, NJ, 07960
- Market: Morristown
- Square Feet: 27,000
- Tenant's Representative: James Fraser - DP Real Estate Services
- Landlord: Lincoln Equities Group
This transaction is part of a series of five leases signed by Lincoln Equities Group across three office complexes in Morristown. Collectively, these leases amount to around 100,000 square feet. The new leases follow a multimillion-dollar improvement project aimed at enhancing these suburban office parks for a younger demographic.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,547,623.71
Total Lease Value
$15,476,237.07
Net Landlord Cash Flow$1,547,623.71
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