15 Exchange Place gem gleaming with new activity.

Hartz Mountain Industries has completed over 80,000 s/f in lease transactions during the past 12 months at 15 Exchange Place, the historic Jersey City waterfront office tower adjacent to the PATH station.

Leases include: Merrill Lynch, which took 27,000 s/f in two separate and complex transactions; Segal McCambridge, a national law firm opening its first New York City area office; Telmap, an Israeli software company; Vestmark, a California based software company; Private Mortgage Insurance (PMI) from Thousand Oaks, Ca.; Canadian Superior Energy from Calgary, Alberta, and Sungard, which expanded its existing office.

Hartz Mountain is offering the final available space, a 5,500 s/f ground level retail space through its exclusive broker, Welco Realty.

"For companies with a Jersey City requirement, 15 Exchange Place represents the only true opportunity to create a small or medium-sized presence in a premier waterfront building," said Emanuel Stem, president and COO of Hartz Mountain Industries.

Acquired by Hartz in 2003, 15 Exchange Place is the northerly neighbor to Hartz's 70 Hudson Street and 90 Hudson Street, the prime office towers at Colgate Center, which Hartz pioneered in the mid-1990s.

The architecture of 15 Exchange Place, which remains the premier Jersey City waterfront office destination, was constructed in the early 1900s and inspired the Federal styling of 70 and 90 Hudson Street, creating the now familiar handsome trio of buildings with direct ferry and PATH train access to Wall Street and midtown.

William "Skip" Dolan of Dolan Realty spearheaded the repositioning and marketing of the asset while achieving market-leading rents for Hartz.

"The location of the asset coupled with its smaller floor plate of 14,000 s/f enabled Hartz along with its full range of professional services from space planning, architectural and construction to achieve superior results. This is a tremendous assignment and organization to be associated with," said Dolan.

Headquartered in Secaucus, Hartz owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 38 million sq. ft. in the northern New Jersey/New York area.

Hartz employs a comprehensive approach to real estate that is facilitated by its full-scale in-house departments for leasing, management, finance, acquisition, architecture, construction, development, planning, and marketing, design and property management. By controlling the development process end-to-end, the company strives to remain at the forefront of commercial, industrial, retail and hotel development.

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