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

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:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 499 Washington Boulevard
• Market: Jersey City
• Landlord: LeFrak
• Tenant: Fidelity Investments
• Landlord's Representative: Benjamin Joseph, Erin Wenzler, Gregory Barkan, Howard Fiddle - CBRE; Meredith Jackness & Ray Kawas - LeFrak Organization
• Tenant's Representative: Matthew Saker & Patrick Cavanagh - CBRE

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.