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Valley Bank Leases Retail Space At 2 Hanover Road In Florham Park

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LEASED

New Jersey

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Retail3,865 SF
Leased 01/16/2024
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LEASED

Valley Bank Leases Retail Space At 2 Hanover Road In Florham Park

2 Hanover Road

See Similar Deals
Retail3,865 SF
Leased 01/16/2024
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3,865 SF
Transaction Type:Lease

Valley Bank has secured a long-term lease for a retail space at 2 Hanover Road in Florham Park, Morris County. The colonial-style building, located at a signalized intersection, offers high visibility, making it an ideal location for the regional bank to operate a retail branch. The property spans 3,865 square feet and is strategically positioned in a prime market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 2 Hanover Road, Florham Park
  • Market: Florham Park
  • Square Footage: 3,865 SF

Valley Bank, a nationwide regional bank with over 300 branches, will be represented by Blake J. Shanaphy of JLL. The landlord's representative in this transaction is Amy Staats from Katz & Associates, who successfully facilitated the long-term lease for Valley Bank at 2 Hanover Road.

Players

4 deals(201) 731-8494
BROKER


TENANT

Details

LEASED
IMAGE: Amy Staats & Blake J. Shanaphy DATE: 01/16/2024 ADDRESS: 2 Hanover Road MARKET: Florham Park ASSET TYPE: Retail ~ SF: 3,865 TENANT: Valley Bank (@ValleyBank) LANDLORD'S REP: Amy Staats (@Amy.Staats220) - Katz & Associates (@KatzRetail) TENANT'S REP: Blake J. Shanaphy (@Blake.j.Shanaphy) - JLL (@JLL) NOTE: JLL has arranged a long-term lease for Valley Bank at 2 Hanover Road in Florham Park, Morris County. The regional bank, with over 300 branches nationwide, will operate a retail branch from the strategically located colonial-style building with high visibility at a signalized intersection.

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Deal Type
Effective Rent (Annual)

$221,539.47

Total Lease Value

$2,215,394.68

Net Landlord Cash Flow$221,539.47