Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROSELAND, NJ-As the first concrete step toward moving its football operations from Long Island to New Jersey, the New York Jets have hired Cohn Real Estate LLC’s local office to find a site of 20 acres or more on which the team would build a new headquarters and training complex. Cohn has issued a Request for Expressions of Interest Proposal calling for a site “within a convenient distance of the Meadowlands Sports Complex, Newark airport, local amenities such as shopping and entertainment and appropriate housing options.”

In other Jets news, a federal judge has scheduled a trial date in the team’s suit against Cablevision. For additional information, click here.

The move is part of the Jets’ recent agreement to team up with the rival Giants to build a new $800-million stadium at the Meadowlands Sports Complex in East Rutherford to replace the existing Giants Stadium. The two teams have shared the existing stadium for a number of years as tenants of the New Jersey Sports & Exposition Authority, although the Jets’ headquarters and training facilities have remained on Long Island.

“Obviously, the fact that we will be moving our practice facility and most of our corporate staff from Long Island to New Jersey will generate millions of dollars annually in local and state tax revenue,” Marissa Shorenstein, the Jets’ senior manager of strategic planning, tells GlobeSt.com. “In addition, it is likely that many of the players and employees will move to New Jersey.”

The REIP estimates that between 150 and 200 players and staff could be moving across the river. And while early reports had the Jets seeking a site within a 20-mile radius of the stadium site, the territory mapped out by the REIP for the site search extends well beyond that distance, targeting an area that encompasses Bergen, Hudson, Essex, Morris, Union, Passaic, Somerset, Middlesex and Monmouth counties.

The planned facility, according to the REIP, would include several practice fields, one of which would be under a roof. It would also include one or more buildings totaling between 100,000 and 120,000 sf to house the team’s management offices, locker rooms, exercise and training facilities. Also part of the site plan would be “sufficient acreage and terrain to provide privacy and security when needed, and enough land to provide for potential growth requirements,” according to the REIP.

For Cohn Real Estate, the site search is being headed by EVP Bart Oates and SVP Jim Glennon. Oates himself is a five-time NFL pro bowler who helped lead the Giants to a Super Bowl victory in 1990.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.