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Lefrak Sells Jersey City Office Building To Harbor Group For $375M

Property Image
SOLD
$375,000,000
Kevin Donner
Gary Gabriel
Douglas (Doug) Harmon
+ 2

New Jersey

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Office866,000 SF
Sold 09/19/2019
the dealplayerscompscontact
Property Image
SOLD

Lefrak Sells Jersey City Office Building To Harbor Group For $375M

545 Washington Boulevard, Jersey City, NJ, USA

See Similar Deals
Office866,000 SF
Sold 09/19/2019
Kevin Donner
Gary Gabriel
Douglas (Doug) Harmon
+ 2
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$433
Total Square Footage:866,000 SF
Transaction Type:Sale

The Insurance Services Office (ISO) Building, located at 545 Washington Boulevard in Jersey City, has been sold in a recent transaction. This office property spans 866,000 square feet and consists of 22 stories. It was constructed in 2001 and is home to various multinational financial institutions, including Knight Securities, HSBC, and Automated Sungard. The primary tenant of the building is the international ISO headquarters.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $375,000,000
  • Address: 545 Washington Boulevard, Jersey City
  • Market: Jersey City

The sale of the Insurance Services Office (ISO) Building was facilitated by the brokerage team consisting of Adam Spies, Kevin Donner, Doug Harmon, Gary Gabriel, and David Bernhaut. They represented the seller, Lefrak, and the buyer, Harbor Group.

Players

David Bernhaut
Cushman & Wakefield
David Bernhaut
48 deals$4.2B volume
BROKER
Gary Gabriel
Cushman & Wakefield
Gary Gabriel
56 deals$4.5B volume
BROKER
Adam Spies
Newmark
Adam Spies
263 deals$71.8B volume(212) 841-7500
BROKER
Douglas (Doug) Harmon
Newmark
Douglas Harmon
130 deals$47.6B volume
BROKER
Kevin Donner
Newmark
Kevin Donner
48 deals$10.1B volume
BROKER
Harbor Group International
Harbor Group International
BUYER
L
LeFrak
SELLER

Details

SOLD
IMAGE: Adam Spies, Kevin Donner, Doug Harmon, Gary Gabriel & David Bernhaut DATE: 09/19/2019 ADDRESS: 545 Washington Boulevard MARKET: Jersey City ASSET TYPE: Office SELLER: Lefrak BUYER: Harbor Group BROKERS: Adam Spies, Kevin Donner, Doug Harmon, Gary Gabriel & David Bernhaut SALE PRICE: $375,000,000 SF: 866,000 ~ PPSF: $433 NOTE: With 22 stories and 866K SF of commercial space, the Insurance Services Office (ISO) Building opened in 2001. Named after its primary tenant, the facility houses the international ISO headquarters, as well as a variety of multi-national financial institutions, including Knight Securities, HSBC and Automated Sungard.

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