Cushman & Wakefield Named Agent for Jersey City's 90 Hudson Street
10 Feb, 2012, Jersey City, NJ
Commercial real estate services firm Cushman & Wakefield has been named leasing agent for CB Richard Ellis Realty Trust's 90 Hudson Street, a 12-story, 440,000-square-foot class A office tower on Jersey City's Hudson River waterfront. Heading the assignment for the asset are Edward Duenas of Cushman & Wakefield's East Rutherford, N.J. office, and Robert Lowe and Kevin Daly of the firm's New York-Midtown office.
Built in 1999, 90 Hudson Street has an availability of 159,000 square feet of contiguous space on three 53,000-square-foot floors. It was acquired in 2011 by CBRE Realty Trust from Hartz Mountain Industries in tandem with its twin 70 Hudson Street. The two buildings comprise Hudson Centre.
"This trophy building provides one of the best waterfront locations in terms of access and proximity to Manhattan," said Duenas. "This location makes perfect sense for companies in the FIRE [Finance, Insurance, Real Estate] sector." Corporate neighbors include Goldman Sachs and Bank of America.
90 Hudson Street offers immediate access to the Exchange Place Station of the PATH rail system, New York Waterway Ferry service, and the Hudson-Bergen Light Rail. Other area amenities include The Hyatt Regency Jersey City and Newport Center Mall.
"The waterfront office market in Hudson County has historically registered single-digit vacancy rates," said Lowe. "With that track record for the market, combined with the Class A quality of 90 Hudson Street and its premier location, we anticipate a great deal of interest in this unique large block availability."