Cushman & Wakefield said Feb. 4 that it arranged a long-term lease renewal for Northern Trust in Jersey City.
After he global financial institution’s lease renewal for 16,545 square feet Northern Trust will occupy the 14th floor at 3 Second St. at Harborside — a 600,000-square-foot, Class-A office tower.
Cushman & Wakefield’s David DeMatteis, Mina Shehata, Robert Rudin and Dirk Hrobsky represented the landlord, a real estate fund managed by a subsidiary of Ares Management Corp., in the transaction.
Conor Dolan, David Opper and Ken Meyerson of CBRE represented Northern Trust.
“The landlord has done a fantastic job with this building and we are confident that the ongoing upgrades, including a lobby renovation, new conference facility and bike room, will continue to attract quality tenants,” DeMatteis said in a prepared statement.
According to Cushman & Wakefield, the building offers a new tenant lounge, an adjacent waterfront park with outdoor seating, restaurants, onsite event space, 24/7 security personnel, and a new flood mitigation program.
Last year, Brooklyn’s popular weekly food festival Smorgasburg debuted across the river at Harborside, welcoming thousands.
The 18-story office property at 3 Second St., which offers 360-degree views of the Hudson River, lower Manhattan and Jersey City, currently has leasing opportunities ranging from 2,000+ square feet and newly designed waterfront pre-built suites to full floors of 36,000 square feet.