Updated Aug 26, 2026
Argent Ventures Secures 80,000 Square Feet Lease At 170 Wood Avenue, Iselin New Jersey
170 Wood Avenue
Building Size
80,000 SF
Asset Type
Office
Closing
Aug 25, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 170 Wood Avenue in Iselin, NJ, encompassing a total of 80,000 square feet. The property is currently owned by Andrew Penson and operated under Argent Ventures. The office building is part of a larger redevelopment initiative, which includes a new hospitality-inspired amenity package now under construction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 170 Wood Avenue
- Market: Iselin, NJ
- Landlord: Andrew Penson - Argent Ventures
- Tenants: TP ICAP, a government finance department & Citco Funds
Argent Ventures has successfully secured leasing agreements for approximately 80,000 square feet of space at the property, with notable tenants including TP ICAP and Citco Funds, enhancing the leasing momentum for this development project.
On the Map
Office
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Iselin Office Market Snapshot
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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