Birch Group, Jefferies ink 60,000 sq. ft. renewal at 101 Hudson in Jersey City, CBRE says

101 Hudson St. in Jersey City — Courtesy: CBRE

By Joshua Burd

Financial services firm Jefferies has renewed its 60,000-square-foot lease at a well-known Jersey City office tower, in the largest of several newly announced deals by CBRE.

In a news release, the brokerage team said it represented The Birch Group in more than 85,000 square feet of activity at 101 Hudson St., a 1.25 million square-foot property in the Exchange Place neighborhood. The deals also include new commitments such as a 15,000-square-foot lease by Franklin Credit Management Corp. and an 8,500-square-foot lease by BirlaSoft, a global enterprise digital and IT services company.

Additionally, blockchain investment firm FBG Capital took 2,000 square feet at the 42-story tower.

“We are thrilled to have secured four office leases by global companies in one of Jersey City’s best office properties,” CBRE’s Conor Dolan said. “Since acquiring the property the new ownership has committed to renovating and modernizing the lobby and common areas and create additional value for its corporate tenants.”

Dolan, David Opper and Mike Nieliwodski represented ownership in the deals, which come a year after The Birch Group acquired what’s commonly known as the Merrill Lynch building. They noted that the waterfront property offers quick access to mass transit and unobstructed views of the New York City skyline, along with high-speed internet connectivity, multiple restaurants and a landscaped courtyard area.

Cushman & Wakefield’s Rob Lowe represented Jefferies, while CBRE’s Wes Moore and Evan Bernard represented BirlaSoft and FBG Capital, respectively.

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Author: Joshua Burd