Veris Residential secures tenant for 130K square feet at Harborside 3

Collectors Holdings signed on for a long-term lease at Harborside in Jersey City, it and Veris Residential Inc. — which owns the property — announced on Feb. 23.

The parent company of Professional Sports Authenticator will occupy approximately 130,000 square feet of office space at Harborside 3.

According to the announcement, the arrangement comprises the most office space leased in the Hudson County municipality by a tenant since September 2020.

PSA — the world’s  largest authentication and grading company — will use the new space, which will include administrative and executive offices, to expand its services in trading cards, tickets, autographs and more.

The new outpost will complement PSA’s West Coast headquarters in Santa Ana, Calif. Meanwhile, its existing office in Woodbridge will eventually merge with the Jersey City locale.

“We’re incredibly excited about our new space at Harborside and what it means for the evolution of our business,” said Collectors Holdings CEO and Executive Chairman Nat Turner in a statement. “Beyond the operational capacity benefits, we see this location as a central driver for our recruitment of top-tier product, tech and business talent from the New York metro area.

“We’re creating an exceptional workplace for the fast-growing collectibles industry as well as a more convenient option for Northeast collectors looking to ship, drop-off and pick-up submissions,” he continued.

The company expects to have a small number of staff members working out of the new location in 2022, with expectations to be fully operational in the space next year.

Zev Holzman and Christopher Marx of Savills represented Collectors Holdings in the transaction; CBRE represented Veris Residential.

“Harborside 3, with its desirable office space and connectivity to New York City, was the ideal opportunity for PSA’s East Coast location,” said Holzman, an executive managing director at Savills. “We are thrilled to have been able to bring this complex transaction to finalization, and feel that Harborside campus will offer Collectors’ employees an unmatched office experience with all of the amenities sought by today’s top-tier tenant class.”

Part of the 3.2 million-square-foot Harborside campus along the Hudson River, Harborside 3 stands at 10 stories high with approximately 750,000 rentable square feet of office space. The property offers views of Manhattan; a variety of on-site amenities, including a food hall, retail concourse and day care center; a bank and urgent-and-primary care medical office; two parking garages; and 3,000 residential units. Outdoors, a pedestrian plaza and waterfront boardwalk are also available.