Real Estate NJ: Banking giant inks 20-year, 150,000 sq. ft. renewal in Jersey City, as landlord launches $10 million building upgrade
In a time of uncertainty for the office sector, many landlords and tenants have stayed bullish on the need for a physical workplace. Look no further than one of Jersey City’s tallest commercial buildings — and the French banking giant that has called it home for nearly 15 years.
The company, BNP Paribas, has signed a 20-year lease renewal for 150,000 square feet at Newport Tower, a 1.1 million-square-foot, 36-story property along the Hudson waterfront. It’s now working with building owner BentallGreenOak to make the space more flexible and modern for a workforce that is expected to spend less time in the office, but return nonetheless.
