CBRE today announced it has completed nine office leases totaling 32,868 sq. ft. at the Newport Center office tower complex at 100 and 111 Town Square Place in Jersey City, NJ. The new signings demonstrate the draw of Jersey City and the Class A office complex located on the Hudson River waterfront owned by the LeFrak.
The Lefrak team was led by Marylou Berk, Ray Kawas and Julie Prykull. The CBRE team of Howard Fiddle, Greg Barkan, Erin Wenzler, Gregg Rothkin and Caroline Merck spearheaded the office leasing at 100 and 111 Town Square Place, representing the building ownership in lease negotiations.
“100 & 111 Town Square Place are exceptional locations serving the needs of global and Fortune 500 tenants,” said Mr. Fiddle. “The newest leases at the Newport Center office complex signify the
comeback of the office market as tenants make definitive decisions about their real estate requirements.”
At 111 Town Square Place, the LeFrak has created a tenant amenity center on the 11th floor that
includes a lounge and conference center. The transactions signed at the property were part of a pre-build
campaign launched a year ago. Suites were built out with modern, attractive finishes including polished
concrete floors, exposed high ceilings and natural light, glass-front interior offices and conference
rooms, and high-end pantries.
The seven office leases completed at 111 Town Square Place are with AnGes, Profectus Beauty, GTD
Solutions, Xeneta, Lotto.com and Open Vault, and PlayStar Gaming. One pre-built unit of 3,408 sq. ft.
remains available. Given the success leasing nearly all units on the 11 th floor before completing
construction, LeFrak and CBRE are now developing comparable suites on the 4 th the floor at 111 Town
Square Place, and 8 th floor at 499 Washington Blvd, both slated for completion summer 2022.
LeFrak and CBRE also negotiated two new medical office space transactions at 100 Town Square Place
on the sixth floor. The entire floor was repositioned to meet the demand for medical office space in the
waterfront neighborhood of Jersey City. The two leases at 100 Town Square Place are a 3,453 sq. ft.
commitment by Everside Health and 5,167 sq. ft. by RMA. One medical unit of approximately 5,000 sq.
ft. remains available.
Newport Office Center offers dramatic Manhattan and Hudson River views as well as ample on-site
parking and convenient access to Manhattan via one stop on the Newport PATH; it is 20 minutes from
Newark Liberty International Airport. The complex also provides tenants access to beautifully
CBRE Press Release landscaped parks and outdoor spaces along the Hudson River, as well shopping and personal services in the adjacent mall featuring national retailers, Starbucks, banks, numerous restaurants, daycare options, fitness centers, and hotels with conference facilities.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
ABOUT LEFRAK
LeFrak is a preeminent, family-owned property company committed to community development and long-term ownership. LeFrak affiliates own and manage an extensive portfolio of real property concentrated in the New York/New Jersey metropolitan area, as well as South Florida, Los
Angeles and throughout the West Coast. Through its affiliated companies, LeFrak has developed and built the majority of its real estate portfolio and is one of the world’s leading property firms. The firm is acclaimed around the globe for the quality of its projects and its properties, its financial strength and conservatism, its entrepreneurial business model and its commitment to long term ownership. Although primarily focused on the residential and office sectors, LeFrak affiliates also invest in numerous hospitality, retail assets, securities, private businesses and energy. www.lefrak.com.
ABOUT NEWPORT
Located along the Hudson River in Jersey City, NJ, is one of the largest mixed-use waterfront communities in the United States. A true live-work- play neighborhood, Newport offers prime residential, office, hospitality and recreational spaces on the waterfront of one of the country’s fastest-
growing cities. Minutes from Manhattan via the PATH, bus or car, Newport is currently home to a 4.25-acre park, more than 15,000 residents across 14 high-rise rental buildings and three condominium towers. There are also eight state-of-the-art Class A office towers, providing more than six million square feet of office space to more than 20,000 professionals. The Newport neighborhood was created by the LeFrak, which has been developing and improving the district since the 1980s. For more information, visit www.newportrentals.com.
