10 Exchange Place in Jersey City — Courtesy: Cushman & Wakefield
By Joshua Burd
The owner of a waterfront office building in Jersey City has inked a new lease and a renewal, both for nearly 18,000 square feet, in a pair of deals arranged by Cushman & Wakefield.
The brokerage team, which represents ownership at 10 Exchange Place, said business management consultant firm EXL will remain in place on the 22nd floor after signing the 17,712-square-foot renewal. Cushman’s David DeMatteis, Nicholas Dysenchuk and Robert Lowe completed the transaction on behalf of Manulife US REIT, while Scott Bogetti and Meghan Marchini of Savills represented the tenant.
The new tenant, Fortitude, will occupy 17,528 square feet on the 22nd floor, according to a news release. JLL’s Michael Shenot, Andrew Coe and Dan Spero represented the insurance company in negotiations with the C&W team.
“10 Exchange Place offers tenants an unparalleled office experience with best-in-class amenities and exceptional waterfront views of Manhattan,” said DeMatteis. “Leasing in Jersey City remains strong, especially in Class A properties like 10 Exchange Place, as companies continue to renew their commitments on a long-term basis.”
Managed by Manulife Investment Management, 10 Exchange Place is a 30-floor, 740,354-square-foot tower with a new lobby, on-site food and coffee, 24/7 building access, an on-site parking garage with bike storage and 360-degree waterfront views of Manhattan. The property is adjacent to the Hudson River Walkway and Harborside complex, while it’s close to the Exchange Place PATH station, the Hudson-Bergen Light Rail, NJ Transit and NY Waterway ferry service.
