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
- Property Type: Life Sciences
- Transaction Amount: Not mentioned
- Address: 95 Greene Street
- Market: Jersey City
- Landlord: Joseph Sitt - Thor Equities
- Tenant: Antoine Turzi - RegenLab
- Brokers: Blake Goodman, Bob Ryan, Craig Eisenhardt, Dan Spero & John Cahill - JLL
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
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