JERSEY CITY-Cushman & Wakefield has been named leasing agent for 90 Hudson St. here, acquired by CBRE Realty Trust last year in an historic deal. The 12-story, 440,000-square-foot class A office building has a contiguous block of 159,000 square feet available on three 53,000-square-foot floors, the result of a space consolidation by a major tenant, says Edward Duenas of Cushman & Wakefield’s East Rutherford, NJ office. The space will be available January 1, 2013. Financial firm Lord Abbott currently occupies the remaining space.
“We can do one large user or floor by floor,” Duenas tells GlobeSt.com. “We already have a proposal for the entire space.” Robert Lowe and Kevin Daly of the firm’s New York-Midtown office will join Duenas in handling the assignment.
Built in 1999, 90 Hudson and its twin, 70 Hudson St., were acquired in 2011 by CBRE Realty Trust from Hartz Mountain Industries for $310 million.
"The rents will be competitive but will recognize the building's position in the market," he says. The building offers a backup generator, among other services. But its location is its most important attribute.
“We’re a couple of hundred feet from the ferry stop, the light rail and the PATH,” he says. “And Jersey City is certainly the best sub-market in New Jersey.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
