Updated Aug 26, 2026
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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: Inspired by Somerset Development
- Tenant: Charlie Morrison - Jersey Mike’s
- Landlord's Representative: Jeff Garibaldi, Tara Keating & Phil Mylod - NAI James E. Hanson
- Tenant's Representative: Nick Pistolakis - Lakis Commercial
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
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