95 Columbus in Jersey City — Photo by APG Photography/Courtesy: Columbia Property Trust
By Joshua Burd
The Bank of New York Mellon is staying in place on the Jersey City waterfront, where it has signed a roughly 400,000-square-foot renewal with Columbia Property Trust Inc.
Columbia, the owner of 95 Columbus, on Wednesday announced the renewal with BNY’s Pershing LLC subsidiary. The real estate investment trust says it now plans to launch a series of upgrades to the lobby and other common areas in order to “ensure the building is well aligned with the momentum in Jersey City’s amenity-rich Grove Street corridor and capitalize on its connection to Manhattan.”
Pershing will now keep its global headquarters at the building until June 2037, Columbia said. The deal also helps the landlord maintain full occupancy at the 630,000-square-foot tower.
“Our relationship with Pershing is one of the longest and most well-established in our portfolio, and we are very pleased that they have extended their long-term commitment at 95 Columbus,” said Nelson Mills, CEO of Columbia. “Building upon our strong track record of successful repositioning projects in the New York area, we will ensure that this stalwart tower remains among the best office properties in Jersey City, well-equipped to support ongoing leasing at attractive rates.”
