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Lionheart Wealth Management Leases 3,600 SF Office Space In Summit, New Jersey

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LEASED
$30

New York

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Office3,600 SF
Leased 05/02/2023
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LEASED

Lionheart Wealth Management Leases 3,600 SF Office Space In Summit, New Jersey

129 Summit Avenue

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Office3,600 SF
Leased 05/02/2023
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$30
Total Square Footage:3,600 SF
Transaction Type:Lease

The office building located at 129 Summit Avenue in Summit, New Jersey, is now fully occupied after Lionheart Wealth Management signed a lease agreement for 3,600 square feet of space. The two-story building has a total area of 11,400 square feet and is situated in downtown Summit, offering convenient access to public transportation and major highways. The property is owned by Devon Partner Properties LLC and is classified as an office asset.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 05/02/2023
  • Address: 129 Summit Avenue, Summit, New Jersey
  • Market: Summit
  • Landlord: Devon Partner Properties LLC
  • Tenant: Lionheart Wealth Management
  • Asking Rent: $30 per square foot
  • Space Leased: 3,600 square feet
  • Broker: Thomas Ryan - NAI James E. Hanson

Lionheart Wealth Management, a subsidiary of Ameriprise Financial Services, decided to lease the space at 129 Summit Avenue in order to expand their presence in the area. With the assistance of Thomas Ryan from NAI James E. Hanson, the negotiations for this lease were successfully completed.

Players

Thomas Ryan
NAI Global
Thomas Ryan
1 deal(973) 960-8165
BROKER

Details

LEASED
IMAGE: Thomas Ryan DATE: 05/02/2023 ADDRESS: 129 Summit Avenue MARKET: Summit ASSET TYPE: Office LANDLORD: Devon Partner Properties LLC TENANT: Lionheart Wealth Management BROKER: Thomas Ryan - NAI James E. Hanson (@NAI_Hanson) ASKING RENT: $30/ft. ~ SF: 3,600 NOTE: NAI James E. Hanson announced that the office building at 129 Summit Ave. in Summit, New Jersey, is fully occupied after Lionheart Wealth Management leased 3,600 square feet. The two-story, 11,400-square-foot building is located in downtown Summit and offers convenient access to public transportation and major highways; Lionheart Wealth Management, a subsidiary of Ameriprise Financial Services, will use the space to expand its presence in the area.

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Deal Type
Effective Rent (Annual)

$123,809.90

Total Lease Value

$1,238,098.97

Net Landlord Cash Flow$123,809.90