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173,000 s/f lease inked by insurers.

National Union Fire Insurance Company of Pittsburgh, PA, a member company of American International Group, Inc., (AIG), one of the most recognized insurance and financial services organizations in the world, recently committed to 173,837 s/f of office space at 101 Hudson Street in Jersey City, NJ.

The CB Richard Ellis team of Lewis Miller, Andrew Sussman, John Powers and Sam Buckley arranged the multi-faceted lease transaction on behalf of AIG.

The AIG company was able to sign a direct lease for the Class A space with the landlord, LCOR, Inc. (LCOR) in a tri-party negotiation with LCOR, AIG and Lehman Brothers. CBREs' Robert Alexander, Michael Geoghegan, Carl Eriksen, Craig Eisenhardt, and Gregory Knoop acted on behalf of Lehman Brothers in the negotiations.

101 Hudson Street is a 42-story office tower considered one of the most elite office buildings in Jersey City. At the time the property was built in 1992, it was the tallest office building located in Hudson County.

With a total of 1.5 million square feet of office space, 101 Hudson Street's amenities include 1,000 indoor parking spaces as well as retail and restaurant space on the ground floor. Other tenants in the building include Merrill Lynch & Co., Inc. and Deloitte & Touche, L.L.P.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 16, 2004
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