SGA to Re-Design Jersey City Building for Life Science Use

JERSEY CITY, NJ—New York City-based Thor Equities has selected architectural firm SGA as lead architect to re-design 95 Greene St. as a “lab ready” building suited for life sciences, pharmaceutical, green tech, ag-tech, healthcare, and medical tenants in Downtown Jersey City.

Thor Equities acquired the property last month to add to the firm’s dedicated life sciences platform and meet the demand for laboratory and research and development space in the region.

“We’re very excited to work with the Thor Equities team in redesigning 95 Greene St. into a vibrant place-to-be for life sciences tenants,” says Brooks Slocum, AIA, New York Studio Manager at SGA. “It is an ideal location for tenants who want to stay in the highly sought-after New York/New Jersey metropolitan area, and we look forward to bringing Thor’s vision for a state-of-the-art property to life.”

SGA has offices in Boston and New York City.

The eight-story, 350,000-square-foot building originally served as a primary manufacturing facility for Colgate Palmolive. Thor Equities Group purchased the building from SJP Properties, who acquired the property in partnership with PGIM Real Estate in 1999 and converted it into a Class A office building that was occupied by Merrill Lynch for many years.

Located at the intersection of Greene and York streets, 95 Greene St. is in the heart of Jersey City’s Paulus Hook neighborhood. The property is a short walk from the Exchange Place PATH Station, NY Waterway Ferry and the Exchange Place stop of the new Hudson-Bergen Light Rail system.

In addition to access to public transportation and a highly skilled labor force, 95 Greene St. will feature infrastructure essential to life sciences, healthcare and technology organizations, including an enlarged core to provide generous mechanical shaft space and a high-speed service elevator that links laboratories to an enclosed ground floor loading and storage area. A rooftop mechanical level provides all new services to the entire building while allowing for the future needs of individual tenants. The modular configuration of mechanical spaces will allow for future expansion as the needs of laboratory tenants adjust with their requirements. These features create an innovation ecosystem that provides state-of-the-art facilities faster than anywhere else in the Tri-State area, SGA states.