Northern Trust signed a long-term, 16,545-square-foot lease renewal at Harborside in Jersey City, according to an announcement from Cushman & Wakefield. The tenant, a global financial institution that provides asset servicing, investment management and wealth management services, will occupy the 14th floor.
Cushman & Wakefield’s David DeMatteis, Mina Shehata, Robert Rudin and Dirk Hrobsky represented the landlord, a real estate fund managed by a subsidiary of Ares Management Corp., in the transaction. CBRE’s Conor Dolan, David Opper and Ken Meyerson represented the tenant.
“3 Second St. is a premier Class A asset and we are pleased that Northern Trust recognized the value in remaining at the property,” DeMatteis said. “The landlord has done a fantastic job with this building and we are confident that the ongoing upgrades, including a lobby renovation, new conference facility and bike room, will continue to attract quality tenants.”
Located at 3 Second St., the 600,000-square-foot office tower is an 18-story building that features exceptional architecture with redesigned lobbies, concierge services and upgraded security features, as well as 360-degree views of the Hudson River, Lower Manhattan and Jersey City.
The building offers a new tenant lounge with large flat-screen TVs, outdoor seating at the adjacent waterfront park, upscale restaurants, event space on-site, a newly installed flood mitigation program and 24/7 on-site security personnel.
The property is located steps from the PATH and New York Waterway ferries for easy access to rail/airport connections in Manhattan and Newark.