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American Equity Partners Acquires Office Building In Jersey City For $48M

15 Exchange Place
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This Office property located in NJ was sold for $48,000,000 about 2 years ago. The brokers of the deal were Jason Lundy, Jose Cruz, Andrew Scandalios, and Kevin O’Hearn

The office property located at 15 Exchange Place in Jersey City has been sold in a transaction brokered by JLL. The deal was closed on February 17, 2022, with a sale price of $48,000,000. The property spans 135,959 square feet, resulting in a price per square foot of $353. The buyer of the property was American Equity Partners, while the seller was Hartz Mountain Industries.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $48,000,000
  • Address: 15 Exchange Place, Jersey City
  • Market: Jersey City
  • Brokers: Jose Cruz, Kevin O'Hearn, Andrew Scandalios & Jason Lundy - JLL

JLL represented both the buyer, American Equity Partners, and the seller, Hartz Mountain Industries, in this office property transaction. The involvement of multiple brokers highlights the complexity and significance of the deal, further emphasizing the expertise brought into the negotiation and closing process.

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Deals
  • Location
    15 Exchange Place, Jersey City, New Jersey 07302, United States15 Exchange Place, Jersey City, New Jersey 07302, United States
  • Sale Price
    $48,000,000$48,000,000
    $353 PPSF$353 PPSF
  • Area
    135,959 SF135,959 SF
  • Asset Type
    OfficeOffice
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Jason Lundy

Jason Lundy

Deals9
Sold$828.2M

Kevin O’Hearn

Kevin O’Hearn

Deals14
Sold$742.4M

Andrew Scandalios

Andrew Scandalios

Deals43
Financed$6.8B

Jose Cruz

Jose Cruz

Deals66
Financed$5.6B

Agency

JLL

JLL

Agency
Deals5590
Volume$332.6B

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Deal Summary

SALE IMAGE: Jose Cruz, Kevin O'Hearn, Andrew Scandalios & Jason Lundy DATE: 02/17/2022 ADDRESS: 15 Exchange Place MARKET: Jersey City ASSET TYPE: Office BUYER: American Equity Partners SELLER: Hartz Mountain Industries BROKERS: Jose Cruz, Kevin O'Hearn, Andrew Scandalios & Jason Lundy - JLL SALE PRICE: $48,000,000 SF: 135,959 ~ PPSF: $353

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15 Exchange Place

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