UNITY BANCORP INC NJ
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
The Company presently conducts its business through its main office located at 64 Old Highway 22, Clinton, New Jersey and its twenty-one branch offices. The Company is currently leasing additional back office space in Clinton, New Jersey, in a building adjacent to its main office. The Company’s facilities are adequate to meet its needs.
The following table sets forth certain information regarding the Company’s properties from which it conducts business as of December 31, 2023.
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| Location · Leased or Owned · Date Leased or Acquired · Lease Expiration · 2023 Annual Rental Fee | |||||||||
| North Plainfield, NJ | Owned | 1991 | — | $— | |||||
| Linden, NJ | Owned | 1997 | — | | — | ||||
| Whitehouse, NJ | Owned | 1998 | — | | — | ||||
| Union, NJ | Leased | 2021 | 2036 | | 64,540 | ||||
| Scotch Plains, NJ | Owned | 2004 | — | | — | ||||
| Flemington, NJ | Owned | 2005 | — | | — | ||||
| Forks Township, PA | Leased | 2006 | 2036 | | 67,843 | ||||
| Middlesex, NJ | Owned | 2007 | — | | — | ||||
| Somerset, NJ | Leased | 2012 | 2027 | | 142,276 | ||||
| Washington, NJ | Owned | 2012 | — | | — | ||||
| Highland Park, NJ | Owned | 2013 | — | | — | ||||
| South Plainfield, NJ | Owned | 2013 | — | | — | ||||
| Edison, NJ | Owned | 2013 | — | | — | ||||
| Clinton, NJ* | Owned | 2016 | — | | — | ||||
| Somerville, NJ | Owned | 2016 | — | | — | ||||
| Emerson, NJ | Owned | 2016 | — | | — | ||||
| Phillipsburg, NJ | Leased | 2017 | 2027 | | 63,351 | ||||
| Clinton, NJ** | Leased | 2018 | 2036 | | 77,989 | ||||
| Bethlehem, PA | Leased | 2018 | 2028 | | 84,683 | ||||
| Parsippany, NJ | | Owned | | 2023 | | — | | | — |
| Lakewood, NJ | Leased | 2022 | 2037 | | 43,200 | ||||
| Fort Lee, NJ | Leased | 2022 | 2037 | | 132,660 | ||||
| *Headquarters Space | |||||||||
| **Back Office Space | |||||||||
| | |||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.