Cushman & Wakefield Brokers Lease Agreements For Opal Holdings' Centerline At Metropark In Middlesex County, NJ
99 Wood Avenue South
Building Size
—
Asset Type
Office
Closing
Dec 5, 2023
AI
Opal Holdings' Centerline at Metropark in Middlesex County, NJ has recently seen lease renewals and new agreements totaling 70,685 square feet. This Class A office property, located at 99 Wood Avenue South in Iselin, has been the site for various transactions involving a range of tenants.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not specified
Among the tenants involved in these deals is the law firm Greenbaum Rowe Smith & Davis, LLP, represented by Robert S. Goldsmith. M&T Bank, represented by René Jones, has also opted to renew their lease at Opal Holdings' Centerline. In addition to these renewals, new leases have been signed by BCT Group, Atkins Réalis USA Inc., Dermodity, Tanisha, Aspire, and P360, with no specific representatives mentioned.
Noteably, the brokerage for these transactions was handled by Brody Strickland, Kevin Carton, and Todd Elfand of Cushman & Wakefield.
Players
Iselin 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