Biocon Biologics Leases 9624 Square Feet Office Space In Bridgewater For New Headquarters
685 US Route 202
Building Size
9,624 SF
Asset Type
Office
Closing
Jul 22, 2024
AI
The property asset involved in the transaction is located at 685 US Route 202 in Bridgewater, NJ. It is an office building classified as Class B, encompassing 9,624 square feet. The property provides extensive amenities and strategic access to major New Jersey highways and airports.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant: Biocon Biologics
- Landlord's Representative: Drew Persson - Avison Young
- Tenant's Representatives: Charlie Parmelli, William O’Keefe & Justin Gingeleskie - The KRE Group - Cushman & Wakefield
The lease was finalized on 07/22/2024. Biocon Biologics has secured the office space for its new North American headquarters, with the negotiation handled by Drew Persson representing the landlord while the tenant was represented by a team from The KRE Group under Cushman & Wakefield.
Players
Bridgewater 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