Berkley Insurance Signs 33,843-SF Lease At Newport Office Center III In Jersey City

The asset involved in this lease transaction is an office space located at 499 Washington Boulevard in Jersey City, comprising a total area of 33,843 square feet within the Newport Office Center III. The building has a total square footage of 620,000. The transaction is part of the Jersey City market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Disclosed
• Address: 499 Washington Boulevard
• Market: Jersey City
• Landlord: Richard LeFrak - LeFrak
• Tenant: W. Robert Berkley, Jr. - Berkley Insurance
• Brokers: Benjamin Joseph, Erin Wenzler, Gregory Barkan & Howard Fiddle - CBRE; Meredith Jackness, Ray Kawas & Timothy Johnson - LeFrak Organization

Berkley Insurance has secured the lease for part of the ninth floor of the Newport Office Center III. CBRE played a role in representing landlord Richard LeFrak in this transaction, while the tenant representation details remain undisclosed. This agreement showcases the involvement of notable individuals such as Benjamin Joseph and Erin Wenzler as brokers for the landlord, alongside the contributions of Meredith Jackness, Ray Kawas, and Timothy Johnson from the LeFrak Organization.