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Hudson Exchange opens waterfront sales office.

National Bulk Carriers, Inc. recently held a formal reception to announce the grand opening of Hudson Exchange's new marketing offices at 111 Pavonia Avenue, along the Jersey City waterfront.

"Over the last few months, there have been a great deal of change8 at this premier waterfront property," said Thomas Leane, National Bulk Carrier's project coordinator. "In addition to opening this new marketing office, we have hired Cushman & Wakefield to market individual parcels of the property, changed the development's name and repositioned the project to emphasize commercial and retail."

As the exclusive agent for the marketing of the property, Cushman & Wakefield's primary responsibility is to market individual parcels of land for sale, lease or joint venture development. The C&W brokerage team of Andrew Merin, senior director, and Norman Baker, senior director, will handle the assignment out of the national brokerage firm's East Rutherford, New Jersey office.

"Due to lengthy negotiations over a Conrail easement that cut across the property, the Hudson Exchange project has not moved forward," said Merin. "However, National Bulk Carriers recently completed negotiations with Conrail. The name change, new marketing offices and retention of Cushman & Wakefield as exclusive marketing agent signals that the developers are now prepared to have Hudson Exchange join the other successes of Jersey City."

Formerly known as Harsimus Cove South, Hudson Exchange is a 52.5-acre tract of land which is situated between Harborside Financial Center and the Newport development. Located directly opposite the World Trade Center along the banks of the Hudson River, the site has all of the required principal development permits and approvals in place.
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Publication:Real Estate Weekly
Article Type:Brief Article
Date:May 6, 1992
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