San Francisco based Spear Street Capital has acquired two buildings in Jersey City for a combined $299m. The two office buildings at 70 and 90 Hudson Street total 858,000 square feet, making the transactions the year’s largest in New Jersey. The 409,272-square-foot, 12-story 70 Hudson Street, was constructed in 2000, while the adjoining 12-story, 448,668-square-foot 90 Hudson Street was fully occupied at the time of sale. The properties are located next to the PATH train, Hudson-Bergen Light Rail and New York Waterway ferry service providing direct access to Midtown Manhattan. Cushman & Wakefield has been selected to handle the leasing of the two buildings.
