Cushman & Wakefield announced on Thursday it has completed nearly 40,000 square feet of leasing at 10 Exchange Place, a 748,007-square-foot Class A office tower in Jersey City.
C&W’s Robert Lowe, executive vice chairman; Nicholas Dysenchuk, senior director; and David DeMatteis, managing director; handled the assignment of behalf of the building’s manager, Manulife Investment Management.
“Manulife Investment Management’s investment in ongoing upgrades to this trophy asset has helped fuel our leasing success,” DeMatteis said. “In the midst of the COVID-19 pandemic, we are pleased to bring new tenants to the building and to see the completion of recent renovations.”
For the past three years, the 30-story tower has been at least 90% leased.
The latest transactions include:
- Daikin Industries Ltd. renewed 24,408 square feet;
- Chain IQ leased 9,504 square feet;
- Paycom leased 4,529 square feet.
The property, located in an Urban Enterprise Zone on the Hudson River, is within close access to retail, restaurants, entertainment, lodging, the Exchange Place PATH station, the New Jersey Turnpike and Route 3.
Current open spaces at the 10 Exchange Place include:
- 18,735 square feet on the 18th floor;
- 3,378 square feet on the 14th floor;
- 7,865 square feet on the 8th floor.
“With in-demand amenities, access to mass transit and some of the most robust parking on the waterfront, 10 Exchange Place has tremendous appeal for office tenants looking for an alternative to New York City,” DeMatteis said. “It’s not surprising that this asset continues to maintain some of the best occupancy in New Jersey.”