Two leases totaling 35,240 square feet at 10 Exchange Place in Jersey City have been arranged, according to a late Monday announcement from Cushman & Wakefield, which brokered the deal.
The property is adjacent to the Hudson River Walkway and Harborside Center, which features an array of retail, dining and entertainment options. Additionally, the asset is the closest office building to the Exchange Place Path train station and steps away from the Hudson-Bergen Light Rail, New Jersey Transit and NY Waterway ferry.
Cushman & Wakefield’s David DeMatteis, Nicholas Dysenchuk and Robert Lowe represented the landlord, Manulife US REIT, in the transactions. The property is asset-managed by Manulife Investment Management.
“10 Exchange Place offers tenants an unparalleled office experience with best-in-class amenities and exceptional waterfront views of Manhattan,” DeMatteis said. “Leasing in Jersey City remains strong, especially in Class A properties like 10 Exchange Place, as companies continue to renew their commitments on a long-term basis.”
EXL, a business management consultant firm, renewed its 17,712-square-foot lease on the 22nd floor. The tenant was represented by Scott Bogetti and Meghan Marchini of Savills.
Fortitude, an insurance company, will occupy 17,528 square feet on the 22nd floor. The tenant was represented by Michael Shenot, Andrew Coe and Dan Spero of JLL.
10 Exchange Place is a 30-floor, 740,354-square-foot office building that features a brand-new lobby, on-site food and coffee options, lobby attendant, 24/7 building access, on-site parking garage with bike storage and 360-degree waterfront views of Manhattan. Notable tenants include Kuehne + Nagel and Chubb Ltd.
Manulife US REIT is a Singapore-listed real estate investment trust that invests in a portfolio of income-producing office real estate in key markets in the U.S. Its portfolio comprises 12 freehold office properties in New Jersey, Arizona, California, Georgia, Oregon, Virginia and Washington, D.C. The current portfolio has an aggregate net lettable area of 5.5 million square feet.
