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Jersey City Offices Sell to Thor Equities for $95M
JLL completed the $94.5-million sale of 95 Greene St., a 337,888-square-foot commercial building in Jersey City, to Thor Equities Group. A team of Daniel Loughlin, Jose Cruz, John Cunningham, Blake Goodman and John Cahill represented the undisclosed seller.
“Thor Equities is a diverse real estate firm with a dedicated life sciences investment platform,” said Loughlin. “It is committed to a multimillion-dollar capital investment program repositioning the building to a ‘lab-ready’ condition enabling expedited delivery of tenant lab improvements and speed to market.”
He added, “More importantly, the property is uniquely entitled for R&D and specialty uses. The building’s legacy manufacturing infrastructure provides a highly capable environment for all types of research functions.”
95 Greene served as a primary manufacturing facility for Colgate Palmolive until 1987, and was later converted to office. Thor, which is building out the life sciences platform, selected JLL to handle leasing at the property.
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- ◦Sale/Acquisition
