SOLD
Lefrak Sells Jersey City Office Building To Harbor Group For $375M
545 Washington Boulevard
Office
866,000 SF
866,000 SF
Summary
Sale
NEW JERSEY
Office
866,000 sqft
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.
Read LessPlayers
Agents
5
Agencies
2
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.View on map
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Address545 Washington Boulevard
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