70 Hudson St. in Jersey City — File photo/Courtesy: Progress Capital
By Joshua Burd
Fitness equipment maker Technogym has taken 18,000 square feet of office space along the Hudson waterfront in Jersey City, under a recent deal with Vision Properties.
The global company, which has its U.S. headquarters in Fairfield, is among the newest tenants at the 12-story, 433,197-square-foot building at 70 Hudson St. The lease provides it with a location in the heart of Jersey City’s waterfront business district, where its employees will have a host of dining options and are a short walk from the PATH train, the Hudson-Bergen Light Rail and NY Waterway ferry service.
Meantime, its new home at 70 Hudson has a modern atrium lobby, an updated roof, upgraded common corridors and retail entryways and high-end tenant buildouts, along with structured parking.
“We are pleased to welcome Technogym to the Jersey City waterfront and join our tenant roster at 70 Hudson,” said Greg Carrick, vice president of acquisitions with Vision Properties. “Given today’s market conditions it is essential to secure high-quality office tenants and 70 Hudson continues to do so, providing best-in-market office space in a prime location with top-tier amenities.”
Cushman & Wakefield’s Edward Duenas and Robert Lowe are the listing brokers for 70 Hudson. The firm’s Mark Zaziski, Diego Rodino di Miglione and Pat Decker represented Technogym, whose equipment is sold in 100 countries and used by 50 million people daily at fitness clubs, in homes and in other venues.
A partnership of Vision Properties and Hana Alternative Asset Management acquired 70 Hudson in 2022 from PFA Pension and Spear Street Capital.
Partnership sells 431,000 sq. ft. Jersey City office building for $300 million
