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BJ's Wholesale to anchor Jersey City shopping center.

National Bulk Carriers, the owners of Hudson Exchange, have announced that BJ's Wholesale Club will be the anchor tenant in a 200,000-plus square foot retail shopping center on a portion of the 52.5-acre waterfront site in Jersey City, New Jersey.

BJ's Wholesale Club, the largest chain of wholesale clubs in the Northeast, has completed a transaction with G&S Investors of Old Beth Page, New York to construct a 116,000-square-foot store on the Hudson County property.

BJ's opened the state's first wholesale club in East Rutherford and currently has four clubs operating in New Jersey. BJ's currently has a club under construction in Roxbury Township in Morris County and construction of their Linden facility will soon be underway. Like the Jersey City store, both are expected to open in 1993.

Strategically situated between the Newport Mall and office development and Harborside Financial Center, Hudson Exchange is directly opposite the Hudson River from the World Trade Center. The site can accommodate a mixed-use development encompassing eight million square feet of commercial once space with on-site garage parking and over 2,200 residential units. There are also 30 acres underwater allotted for the development of a 250 boat marina.

Hudson Exchange features direct access to three convenient PATH train stations which link the site to lower Manhattan and to state-wide commuter rail service via Hoboken and Newark. Bus transportation is available and New Jersey Transit is planning local routes that will pass directly through the development. The property is also within minutes of the Holland Tunnel, Lincoln Tunnel, New Jersey Turnpike, Routes 1 & 9, 3 and 440.
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Title Annotation:BJ's Wholesale Club Inc. leases retail shopping space in Jersey City, New Jersey
Publication:Real Estate Weekly
Date:Mar 31, 1993
Words:268
Previous Article:Partnership formed to assist overseas investment.
Next Article:Developer offers different product.
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