LEASEDOffice
CoreWeave Inc. Expands Headquarters With 31,000 Square Foot Lease In Livingston, NJ
290 West Mount Pleasant Avenue
Building Size
31,000 SF
Asset Type
Office
Closing
Jul 1, 2026
AI
The property involved in this lease transaction is an office asset located at 290 West Mount Pleasant Avenue, Livingston, NJ, comprising a total of 31,000 square feet. CoreWeave Inc. has secured a long-term lease to expand its headquarters, effectively doubling its space within less than a year from the initial lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Asset Size: 31,000 SF
- Address: 290 West Mount Pleasant Avenue
- Market: Livingston, NJ
- Landlord: Peter Schofel & Michael Schofel - Eastman Companies
- Tenant: Michael Intrator - CoreWeave Inc.
- Landlord's Representatives: Jonathan Meisel, Erin Wenzler & Daniel N. Casey - CBRE; Eric Maurer - Eastman Companies
- Tenant's Representatives: Jamie Ragucci, Kevin Murphy & Aaron Sommer - Newmark
This deal involved a collaboration between multiple key players. Jonathan Meisel, Erin Wenzler, and Daniel N. Casey from CBRE, along with Eric Maurer of Eastman Companies, represented the landlords, while the tenant was represented by Jamie Ragucci, Kevin Murphy, and Aaron Sommer from Newmark. This lease signifies CoreWeave's strategic decision to expand its operational footprint in Livingston.
Players
Bloomsbury 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