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95 Greene Street

RegenLab Signs Long-Term Lease At 95 Greene Street In Jersey City
LEASEDLife Sciences

RegenLab Signs Long-Term Lease At 95 Greene Street In Jersey City

95 Greene Street

Building Size

15,792 SF

Asset Type

Life Sciences

Closing

Jan 3, 2024

AI

The property at 95 Greene Street in Jersey City, is a life sciences asset spanning 15,792 square feet. The property, previously a Colgate Palmolive manufacturing plant, has been redeveloped by Thor Equities Group and offers optimal accessibility for companies like RegenLab seeking proximity to both NYC and NJ talent.

Summary of transaction details

RegenLab, represented by Antoine Turzi, will be relocating from Brooklyn to Thor Equities Group's new life sciences property at 95 Greene Street in Jersey City. They have signed a long-term lease for 15,792 square feet on the sixth floor, which will be used for office and medical device manufacturing. The move is expected to take place in Q2 2024.

Players

Dan Spero

JLL

Broker

$13M

vol

3 deals

Broker
Joseph Sitt

Joseph Sitt

Thor Equities

Landlord

$1.1B

vol

37 deals

Landlord

Jersey City Life Sciences Market Snapshot

Boundary boundary · Life Sciences · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93