CBRE completed five office leases totaling 47,162 square feet at Newport Office Center I and Newport Office Center III, a Class A office complex on the Jersey City waterfront as that location continues to burnish its reputation as a desired destination for a diverse group of renters.
The largest deal was Berkley Insurance’s 33,843 square feet at Newport Office Center III on 499 Washington Blvd. Berkley, a property and casualty insurer, will occupy a portion of the ninth floor in the 15-story, 620,000-square-foot office tower.
At Newport Office Center I at 111 Town Square Place, BPCE Equipment Solutions, a provider of industrial equipment lease financing, took 6,201 square feet, the largest of four leases at the 15-story, 480,000-square-foot property.
Democracy Docket, a voting rights and media platform that tracks election litigation, also leased 3,005 square feet at Newport Office Center I. Also, Kaya Tech, an enterprise AI platform, leased 1,551 square feet, while Playstar, an online gaming platform, renewed a lease for 2,562 square feet.
The leasing team included LeFrak’s Meredith Jackness, Ray Kawas and Tim Johnson, and CBRE’s Howard Fiddle, Benjamin Joseph, Greg Barkan, and Erin Wenzler.
“These recent leasing commitments reinforce Newport as a leading 24/7 mixed-use community, providing world-class working environments, easy access to public transportation, multiple dining & shopping opportunities, and convenient neighborhood amenities” said Kawas, Director of leasing with LeFrak.
A recent Cushman and Wakefield report said Northern New Jersey’s office market had begun 2025 with strong leading activity, topping 1 million square feet for the third straight quarter. Among the significant deals during the period was Aegis’ relocation to the Goldman Sachs Tower at 30 Hudson Street in Jersey City.
