Four lease transactions (one large renewal and three new deals) at 101 Hudson St. in Jersey City were completed recently, according to a Tuesday announcement from CBRE.
The renewal and new signings total more than 85,000 square feet, demonstrating the allure of the Class A office tower acquired by the Birch Group in late 2022.
The property at 101 Hudson St., also known as the Merrill Lynch Building, is a 42-story, 1.25 million-square-foot office tower located in the Exchange Place area of Jersey City along the Hudson River waterfront. Situated on one of the largest and most frequently traveled mass-transit hubs in the region, the property boasts unobstructed views of the New York City skyline and offers sophisticated interior design, certified platinum internet connectivity, multiple restaurants and a landscaped courtyard area.
The CBRE team of Conor Dolan, David Opper and Mike Nieliwodski are in charge of the leasing campaign at the property and represented ownership in the negotiations.
Among the deals completed by CBRE were a 60,000-square-foot renewal by Jeffries LLC, a full-service investment banking and capital markets firm; a 15,000-square-foot new commitment by Franklin Credit Management Corp.; an 8,500-square-foot new lease by BirlaSoft, a global enterprise digital and information technology services company; and a 2,000-square-foot new commitment by FBG Capital, one of the largest and earliest blockchain investment firms focused on early-stage companies that accelerate disruptive innovations.
“We are thrilled to have secured four office leases by global companies in one of Jersey City’s best office properties,” Dolan said. “Since acquiring the property, the new ownership has committed to renovating and modernizing the lobby and common areas and create additional value for its corporate tenants.”
Jeffries LLC was represented by Rob Lowe of Cushman & Wakefield; CBRE’s Wes Moore represented BirlaSoft; and Evan Bernard of CBRE acted on behalf of FBG Capital.