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Dan Ligorner Of Transwestern Represents Landlord In Lease At 62 Elm St Morristown NJ

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LEASED

New Jersey

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LEASED

Dan Ligorner Of Transwestern Represents Landlord In Lease At 62 Elm St Morristown NJ

62 Elm St, Morristown, NJ, 07960

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Office
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Summary

NEW JERSEY
Asset Type:Office
Transaction Type:Lease

A boutique office building located at 62 Elm St, Morristown, NJ, has achieved full occupancy following two long-term leases. The property, which spans 20,000 square feet, is now fully leased with New Vernon Capital and New Jersey Monthly signing 10-year leases for the first and third floors, respectively. The landlord is currently unknown.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: Not specified
  • Address: 62 Elm St, Morristown, NJ, 07960
  • Market: Morristown
  • Landlord's Representative: Dan Ligorner - Transwestern
  • Tenant: New Vernon Capital and New Jersey Monthly

Dan Ligorner, Managing Director at Transwestern, successfully facilitated the assignment, transforming the building from vacant to fully occupied within a period of 24 months. New Vernon Capital, a global asset management firm, is relocating from Jersey City to this prime location near the Morristown train station and various major highways, enhancing accessibility for the tenants.

Players

Dan Ligorner
2 deals(973) 829-4726
BROKER

Details

LEASED
IMAGE: 62 Elm St, Morristown, NJ, 07960 MARKET: Morristown LANDLORD'S REP: Dan Ligorner-Transwestern TENANT: LANDLORD: Unknown SQUARE FEET: 0

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97