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1 Commvault Way

Updated Aug 26, 2026

Charlie Morrison Of Lakis Commercial Leases 72,326 Square Feet For Jersey Mike’s In Tinton Falls
LEASEDOffice

Charlie Morrison Of Lakis Commercial Leases 72,326 Square Feet For Jersey Mike’s In Tinton Falls

1 Commvault Way

Building Size

72,326 SF

Asset Type

Office

Closing

Aug 25, 2026

About this deal

AI

The transaction involves an office asset located at 1 Commvault Way in Tinton Falls, NJ. The property encompasses a total area of 72,326 square feet, which serves as the new headquarters for Jersey Mike’s.

Summary of transaction details:

This lease agreement marks a significant expansion for Jersey Mike’s near the Jersey Shore, as they will also establish a restaurant at this location. NAI James E. Hanson acted on behalf of the landlord, while Lakis Commercial represented the interests of Jersey Mike’s in this transaction.

Players

Jeff Garibaldi

The Garibaldi Group

Broker
Broker
Inspired by Somerset Development
Inspired by Somerset DevelopmentLandlord

Charlie Morrison

Jersey Mike’s

Tenant

1 deal

Tenant

Tinton Falls 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

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