The Seydel at 78-100 Forrest St. Jersey City — Courtesy: Grid Real Estate
By Joshua Burd
A loft-style commercial building in Jersey City has added three tenants with more than 26,000 square feet of new leasing activity, in a set of deals arranged by Grid Real Estate.
According to the brokerage team, the transactions at 78-100 Forrest St. include a 13,500-square-foot commitment by Inez Shoes. The luxury direct-to-consumer women’s shoe brand will occupy the space at what’s known as The Seydel, an 80,000-square-foot property in the city’s Bergen-Lafayette section, at a rate of $17 per square foot.
Meantime, a provider of fabrication and production coworking spaces known as Project Studios has taken 8,500 square feet at $15 per square foot. Also leasing space is Buzz Box, which specializes in events and marketing and has secured 4,100 square feet at $25 per square foot.
Each deal is a triple-net lease with a five-year term, Grid said, noting that The Seydel has attracted an increasingly diverse roster of small businesses such as artists, creatives, tech startups, medical professionals and office users.
Grid Real Estate’s Gregory D. Edgell brokered the transactions.
“Moving our business to Jersey City, in the Lafayette area, has proved to have a great impact on our growth,” said Amir Youssef of Buzz Box. “I was raised in Jersey City from age three to 23, and my return home has been met with a tremendous amount of support. We are excited to be located in The Seydel building and can’t wait to see how our community and neighborhood will transform over the next few years. Jersey City is an amazing place to be, and I am happy to be back home to help make it better!”
Grid added that The Seydel offers new spaces equipped with historically pointed windows, bathrooms, slop sinks and custom electrical fit-outs tailored to tenant specifications. Tenants also benefit from on-site parking that is gated and paved.
