LeFrak has secured a lease renewal for nearly 185,000 square feet with Fidelity Investments at one of its office towers in Jersey City.
Fidelity, a Boston-based financial services firm, has been a tenant at 499 Washington Blvd. since 2012. The 14-story, 550,000-square-foot building, located in the highly-regarded Newport district, offers tenants convenient access to mass transit and is just across the Hudson River from Lower Manhattan.
The leasing arrangement involved LeFrak’s Meredith Jackness and Ray Kawas, along with CBRE’s Howard Fiddle, Greg Barkan, Erin Wenzler, and Ben Joseph. Representing Fidelity were CBRE’s Patrick Cavanagh and Matthew Saker.
Ray Kawas, LeFrak's Director of Commercial Real Estate, commented, “Fidelity’s extended stay at 499 Washington Boulevard, coupled with Bank of America’s recent consolidation at Newport Tower, underscores Newport’s continued success as a vibrant, 24/7 mixed-use community. It remains a prime location for global and Fortune 500 companies seeking top-tier buildings, excellent amenities, and convenient access, all supported by solid and reliable ownership.”
The building offers impressive views of the Manhattan skyline and features amenities such as a premium fitness center, modern meeting spaces, a Ruth’s Chris Steakhouse, and Los Cuernos Mexican Restaurant on the ground floor. Additional perks include on-site parking and proximity to the Newport PATH station, as well as the diverse dining, retail, and residential options in the bustling Newport neighborhood.
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