30 Hudson St. in Jersey City
By Joshua Burd
American International Group Inc. will lease a reported 230,000 square feet at the Goldman Sachs tower in Jersey City, marking the latest high-profile addition to the 40-story building.
The insurance giant announced recently that it was taking space at 30 Hudson St. as part of a series of real estate moves in the New York area. In Manhattan, the company is moving its global headquarters from the financial district to 1271 Avenue of the Americas in Midtown, while occupying another 450,000 square feet between 28 Liberty St. and the Jersey City space.
AIG, which plans to open the three new offices in 2021, did not specify the size of the lease at 30 Hudson. But Commercial Observer reported last month that the company was taking about 230,000 square feet in Jersey City.
“New York City has played an important part in AIG’s history and we are proud to be headquartered in this unique and resilient city,” said Brian Duperreault, AIG’s chief executive. “Our new Midtown headquarters building is in close proximity to many of our clients, distribution partners and other stakeholders. We take pride in our role as a responsible corporate citizen and remain committed to doing our part to help strengthen our New York City and Jersey City communities.”
AIG is no stranger to Jersey City. The company’s National Union Fire Insurance Co. of Pittsburgh subsidiary spent nearly 15 years at Mack-Cali Realty Corp.’s 101 Hudson St., before its lease expired in 2018.
The announcement of its latest move follows the news that a Merck & Co. spinoff was also headed to the Goldman building, where it’s reportedly set to occupy 110,000 square feet for its global headquarters. The newly formed women’s health company, Organon & Co., will occupy the space under an agreement with WeWork, the embattled co-working and flexible office space firm, under a deal set to last more than five years. The report identified WeWork as the lessee in the deal with Goldman, while noting Merck will serve as the guarantor of the lease.
Additional details about the transactions were not immediately available. Goldman, which opened the 42-story tower in 2004 as part of a high-profile move into Jersey City, has been marketing several floors for sublease in recent years as it has continued to trim its footprint.
Newmark Knight Frank has served as the listing agent for 30 Hudson, a roughly 1.5 million-square-foot building, one of several large blocks available in the Hudson waterfront submarket.