Newmark Hired as Exclusive Leasing Agent for Harborside 6, an Office Property Recently Acquired by AEP for $46M

September 21, 2023 9:00 AM

Newmark announces its appointment as the exclusive leasing agent for Harborside 6 at 135 Greene Street, Jersey City, NJ. Recently acquired by American Equity Partners (AEP) from Mack-Cali for $46 million, the waterfront asset offers 200,000 square feet of office space, once housed TD Bank, available for lease. Newmark’s Senior Managing Director Jamie Drummond, Managing Director Dan Reider and Associate John Crawford are handling the leasing and marketing of the asset.

“The Jersey City waterfront is home to some of the highest quality commercial real estate in New Jersey. With access to Manhattan and a college-educated workforce, it is an ideal place for office users to set up shop,” said David Elkouby, Principal of American Equity Partners. “Incorporating Harborside 6 into our portfolio further solidifies our strong history of creating best-in-class office spaces.”

The Harborside 6 office space, coming to market for the first time in years, is ideal for a traditional or creative office, production studio, medical or retail space uses. The top three available floors include 76,194 square feet on the eighth floor, 74,731 square feet on the ninth floor and 46,897 square feet on the 10th floor, with a 25,000-square-foot outdoor terrace. The property offers 17’ slab-to-slab ceiling heights and floor-to-ceiling windows. Features also entail a substantial branding/signage opportunity for tenants, exceptional power over 12 watts per square foot, full-building redundant power with three 2,000kW backup generators, a seven-story parking garage with over 1,000 covered spaces and a new Whole Foods Market as the ground floor retail tenant.

“AEP has gained a strong reputation for delivering high-quality spaces in top-tier assets, as evidenced by their portfolio and recent activity throughout New Jersey over the past several years, and the acquisition of Harborside 6 further solidifies their prowess,” said Drummond. “With some of the most iconic assets in the state, the Jersey City office market offers exceptional neighborhood offerings and proximity to Manhattan. We look forward to finding a compatible tenant occupying the once-in-a-lifetime space.”

According to Newmark Research, the number of office jobs in New Jersey has rebounded, surpassing pre-pandemic levels since the second quarter of 2021. In the first half of the year, leasing activity reached 5.1 million square feet, with ten deals that closed for more than 50,0000 square feet during the first two quarters of 2023. Overall, asking rents in the region have increased during 2023, up from the second quarter of 2022, with year-over-year growth at 2.30%.

Harborside 6 in Jersey City, NJ, is a vibrant, amenity-rich neighborhood with restaurants, shopping and services. The area has a fast-growing residential population and several Fortune 500 corporate tenants. The property offers excellent access to transit locations, including Exchange Place PATH and Light Rail stations, Harborside Light Rail station and the Hoboken Ferry Terminal.

American Equity Partners
AEP is a fully integrated, self-funded commercial real estate firm located on the East Coast. We specialize in purchasing properties and turning them into thriving Class A office buildings and industrial spaces. Our team is a cooperative of diligent, dedicated professionals who value integrity, trust and excellence above all. AEP is comprised of two principal divisions that share the same vision: providing stellar service with unparalleled expertise. American Equity Partners, our acquisitions division, focuses on the purchase of well-located assets to enhance property performance and value. Our management division, Broad Management, maintains the properties and provides tenant services. Our tenant experience is unmatched, with exclusive amenities and concierge-style services ensuring every need and want is met.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of June 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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