Hyundai, Eikon Therapeutics, Bank of Montreal and Arco Design all sign leases at Class A office tower in Jersey City

Cushman & Wakefield said Tuesday that it arranged three new long-term leases and one lease renewal totaling 62,131 square feet at 3 Second St., a 600,000-square-foot Class A office tower in Jersey City.

Hyundai Motor America signed a 12,580-square-foot lease on the fifth floor.

In addition, Eikon Therapeutics signed a 36,284-square-foot lease on the fourth floor. Bank of Montreal renewed its 10,365-square-foot lease on the 12th floor. And Arco Design/Build signed a 2,902-square-foot lease on the eighth floor.

Cushman & Wakefield’s David DeMatteis, Robert Rudin, Mina Shehata and Dirk Hrobsky represented the landlord, funds managed by Ares Management, in the transactions. William O’Keefe, Raymond Trevisan and Don Yahn, also of Cushman & Wakefield, represented Hyundai.

“We are thrilled to welcome new tenants and to expand relationships with existing ones to enhance 3 Second St.’s impressive tenant roster,” DeMatteis said. “These leases are further evidence that the best located, highly amenitized buildings attract tenants. The Ares Management Real Estate Group has provided a hands-on approach to ownership and is constantly reinvesting in this asset with hospitality-focused upgrades, including a new, thoughtfully designed tenant sky lounge that is currently underway.”

3 Second St. is an 18-story, 600,000-square-foot Class A office tower. Floors feature four sides of glass that provide panoramic waterfront views of New York City. Additionally, the property features a redesigned lobby with concierge services, new tenant lounge and on-site dining options.

Construction has begun on the Hudson Collaborative, an exclusive, thoughtfully designed tenant sky lounge. The amenity space is carefully crafted to provide tenants with the ideal setting for whatever the workday demands: from stylish lounge areas that encourage impromptu brainstorming sessions to cozy nooks for solitary focus.

“Creating inspirational spaces to serve as an extension of tenants’ offices are a key driver in leasing velocity throughout our office portfolio,” Brian Lindenberg, principal in Ares Real Estate, said. “Providing a variety of work areas and activating these spaces throughout the month with the right programming and services fuel the tenant experience and encourage more people to utilize their office buildings to get work done.”

“Along with featuring an extensive amenity package, including one of New Jersey’s top-ranked restaurants, Ondo, 3 Second St. boasts unobstructed waterfront views of the Hudson River, destination restaurants, curated events and unparalleled access to the Hudson River Walkway,” Shehata said.

“ARCO Design/Build is pleased to be in the Jersey City community and more closely supporting real estate and construction in the five boroughs of New York City and northern New Jersey,” Bill Martorana, senior design/build manager at ARCO Design/Build, said.

The property is located minutes from Lower Manhattan and is easily accessed by multiple public transportation options. The property is located just seven minutes from the World Trade Center on the PATH train to New York City and offers convenient access to New York Penn Station, the Holland Tunnel, Newark Liberty International Airport and Hoboken Terminal via New Jersey Transit trains and buses, NY Waterway ferries and Amtrak.