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Fidelity Investments Renews 185,000-SF Lease At LeFrak's Office Tower In Jersey City

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LEASED
Howard Fiddle
Patrick Cavanagh
+ 5

New Jersey

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Office185,000 SF
Leased 07/15/2024
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Property Image
LEASED

Fidelity Investments Renews 185,000-SF Lease At LeFrak's Office Tower In Jersey City

499 Washington Boulevard

See Similar Deals
Office185,000 SF
Leased 07/15/2024
Howard Fiddle
Patrick Cavanagh
+ 5
Contact now

Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:185,000 SF
Transaction Type:Lease

The property asset is located at 499 Washington Boulevard in Jersey City, featuring an office space that spans 185,000 square feet. The lease has been renewed by Fidelity Investments, securing its continued presence in the building since 2012. This office tower is situated in the Newport district, known for its convenient access to mass transit, scenic views of Manhattan, and a variety of amenities, making it an attractive choice for global and Fortune 500 companies seeking premium office spaces.

Summary of transaction details:

The deal involved multiple representatives from both sides. For the landlord, Benjamin Joseph, Erin Wenzler, Gregory Barkan, and Howard Fiddle from CBRE, along with Meredith Jackness and Ray Kawas from the LeFrak Organization, played key roles. On the tenant side, the representatives were Matthew Saker and Patrick Cavanagh from CBRE, facilitating the negotiation of the lease renewal.

Players

Ray Kawas
4 deals(201) 626-4322
BROKER

Matthew Saker
CBRE
6 deals$53.7M volume
BROKER

Patrick Cavanagh
CBRE
4 deals$35M volume
BROKER

Howard Fiddle
CBRE
28 deals
BROKER

Gregory Barkan
CBRE
7 deals
BROKER



Details

LEASED
IMAGE: Benjamin Joseph, Erin Wenzler, Gregory Barkan, Howard Fiddle, Ray Kawas, Matthew Saker & Patrick Cavanagh DATE: 07/15/2024 ADDRESS: 499 Washington Boulevard MARKET: Jersey City ASSET TYPE: Office ~ SF: 185,000 LANDLORD: LeFrak TENANT: Fidelity Investments LANDLORD'S REP: Benjamin Joseph, Erin Wenzler, Gregory Barkan, Howard Fiddle (@HowardFiddle) - CBRE; Meredith Jackness & Ray Kawas - LeFrak Organization TENANT'S REP: Matthew Saker & Patrick Cavanagh - CBRE (@CBRE) NOTE: LeFrak has renewed a 185,000-square-foot lease with Fidelity Investments at its Jersey City office tower, solidifying the financial services firm’s presence at 499 Washington Blvd since 2012. The Newport district location offers convenient access to mass transit, scenic views of Manhattan, and a range of amenities, reinforcing its appeal as a prime destination for global and Fortune 500 companies seeking top-tier office spaces.

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Deal Type
Effective Rent (Annual)

$10,604,088.36

Total Lease Value

$106,040,883.63

Net Landlord Cash Flow$10,604,088.36