10 Exchange Place in Jersey City — Courtesy: Cushman & Wakefield
By Tina Traster
Cushman & Wakefield has negotiated a long-term office lease in Jersey City for ZIM American Integrated Shipping.
ZIM, a leading carrier in the global container shipping industry, will occupy 9,920 square feet on the 18th floor of 10 Exchange Place. Manulife Investment Management manages the property, which is owned by Manulife US REIT.
C&W’s Rob Lowe, David DeMatteis, Nick Dysenchuk and Mina Shehata represented the landlord. Dan Johnsen, also of C&W, represented the tenant.
“10 Exchange Place offers unique spaces with some of the best views Jersey City has to offer,” said Erik Gustafson, head of U.S. real estate asset management at Manulife Investment Management.
“We are seeing leasing velocity increase with highly desirable spaces like this property leasing up first,” DeMatteis added.
The brokers noted that 10 Exchange Place is a 740,354-square-foot, 30-story property with a new lobby, a modern glass façade, a security desk and turnstiles. The property offers on-site food service with outdoor seating along the pier, on-site management, a communal lobby and outdoor space, bike storage and a seven-story covered garage, as well as a Gregory’s Coffee on-site.
Designed by The Grad Partnership, 10 Exchange Place has impressive architectural features including an unobstructed window line on all four sides and views of the Hudson River, the World Trade Center, Lower Manhattan and the Empire State Building. The property holds a gold designation on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale, along with Energy Star and WiredScore certifications.
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and a former staffer at the Bergen Record.