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Transwestern Tasked with Leasing Toll Brothers Spec Hoboken Office

“With a class A office vacancy rate around 3.5 percent, the creative office space that exists in Hoboken today is highly inefficient, while the balance of the office space on the market is more corporate,” says Transwestern’s Matt McDonough.

Rendering of 1000 Maxwell Place, Hoboken, NJ Rendering of 1000 Maxwell Place, Hoboken, NJ

HOBOKEN, NJ—Toll Brothers gave Transwestern the nod to provide leasing services for 125,000 square feet of planned office space at 1000 Maxwell Lane, the final building located in Toll Brothers’ heralded mixed-use development at historic Maxwell Place. Transwestern’s Matt McDonough, managing director, is leasing the property.

Toll Brothers City Living will break ground this summer on the 12-story building being developed at the intersection of 11th Street and Maxwell Lane in uptown Hoboken. Maxwell Place includes three luxury residential towers totaling 755 units, a waterfront park, and diverse retail – all with views of the Manhattan skyline. The project takes the next step in its evolution into a true live/work/play enclave with the addition of 1000 Maxwell Lane, which will include additional street-level retail, seven stories of state-of-the-art office, and five stories of condominiums.

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Steve Lubetkin

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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