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Boutique office building along Jersey City waterfront trades for $48m
Transactions - MARCH 9, 2022

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Boutique office building along Jersey City waterfront trades for $48m

by Released

American Equity Partners has paid $48 million for 15 Exchange Place, a boutique office building totaling 136,000 square feet in Jersey City, N.J.

The seller was Hartz Mountain Industries.

15 Exchange Place is positioned directly on the Hudson River waterfront in the heart of Jersey City’s Exchange Place, with views of Manhattan. The property is adjacent to the Exchange Place PATH station and within walking distance of the ferry terminal providing access to Midtown Manhattan. In addition, 15 Exchange Place is easily accessible for commuters from the suburbs via the Hudson-Bergen Light Rail.

Originally built in the early 1900’s, the 11-story 15 Exchange Place offers attractive office space above ground-floor retail space. The building is 71 percent leased to a diverse tenant roster comprising financial firms, data consultants and other professional services companies. The retail component of the property is occupied by a Starbucks and Potbelly Deli. 15 Exchang

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