Cushman & Wakefield arranged a long-term, 16,545-square-foot lease renewal for Northern Trust at 3 Second Street at Harborside in Jersey City, a 600,000-square-foot Class A office tower. The tenant, a global financial institution that provides asset servicing, investment management and wealth management services, will occupy the 14th floor.
A Cushman & Wakefield team of David DeMatteis, Mina Shehata, Robert Rudin and Dirk Hrobsky represented ownership, a real estate fund managed by a subsidiary of Ares Management Corporation. CBRE’s Conor Dolan, David Opper and Ken Meyerson represented Northern Trust.
“3 Second Street is a premier Class A asset and we are pleased that Northern Trust recognized the value in remaining at the property,” said DeMatteis. “The landlord has done a fantastic job with this building and we are confident that the ongoing upgrades, including a lobby renovation, new conference facility and bike room, will continue to attract quality tenants.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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