JERSEY CITY, NJ—New Jersey City University has signed a new 20-year, 68,348-square-foot lease at Mack-Cali's Harborside Plaza 2 in Jersey City, NJ.

Located on the Jersey City waterfront, Harborside is currently undergoing a dramatic public space transformation. Significant upgrades are underway on the retail promenade, grand atrium, individual building lobbies, exterior entrances, and outdoor esplanade, as well as the addition of a beer garden and completely renovated market dining area.

The NJCU School of Business will be located in the hub of Jersey City's financial district, on Hudson Street and across from lower Manhattan. Harborside sees monthly foot traffic of nearly 12 million professionals, residents, and small business patrons. And with Jersey City poised to become the largest city in the state by 2020, this location will only become more popular and impactful. With the influx of new students and plans for new faculty hires, NJCU is positioning itself as a leader in finance, data analytics, logistics/supply chain management, entrepreneurial studies, and other traditional business studies.

“NJCU's business school is poised for terrific growth in the coming years. With our new school at Harborside, we will be able to meet the enrollment demand we see from our students and the need for a qualified workforce from our corporate partners,” says Sue Henderson, NJCU President. NJCU is already a Mack-Cali tenant within the complex at Harborside Plaza 4A.

“We're delighted that NJCU has decided to house their successful business program here at Harborside,” says Mitchell E. Hersh, president and chief executive officer of Mack-Cali. “Their expanded presence on the waterfront will provide our office tenants and residents with a great asset and inducement for talent recruitment. This is a true win-win for the Jersey City community as well. This reflects the continued success of Mack-Cali's strategy to build successful, long-term tenant relationships by maintaining high standards for both our properties and our services.”

Bob Antonicello of Grid Real Estate, LLC and Anthony V. Bastardi of Strategic Development Group represented NJCU in the transaction. The CBRE team of Mark Ravesloot, David Opper, Peter Turchin, and Lee Cross represented Mack-Cali.

Instant Insights /

New Jersey City University Leases 68K SF in Harborside Plaza 2

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