B — February 14 - 27, 2014 — New Jersey — Mid Atlantic Real Estate Journal
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J At Newport’s 499 Washington Boulevard in Jersey City LeFrak secures 92,720 s/f lease for Forbes Media
ERSEY CITY — Forbes Media signed a 10-year, 92,720 s/f lease with Newport for the entire ninth and 10th floors of 499 Wash- ington Blvd., maintaining 100% occupancy at the 14- story, class-A office building in Jersey City. The American media powerhouse will relo- cate its former headquarters to Newport by the end of 2014. “Newport’s 499 Washing- ton Blvd. offered the right type of professional and com- munity environment Forbes Media was seeking for its new headquarters. The Newport community has a variety of shops, restaurants, hotels with conference centers and over 5,000 luxury apartments that appeal to Forbes Media employees and business part- ners,” said Marylou Berk , senior vice president and head of commercial real estate at LeFrak , the developer of Newport. “The virtually column-free space and unob- structed NYC-skyline views also presented Forbes Media with a strategic and impres- sive location to establish their offices, just one stop from
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499 Washington Blvd.
Manhattan on the PATH and close to the Newark airport.” 499 Washington Blvd. is a 14-story, 600,000 s/f class-A office tower developed by Le- Frak in 2000 and designed by noted architect John Lee . Located on the Hudson River waterfront in the Newport sec- tion of Jersey City, the build- ing’s current tenants include a
range of high-profile financial institutions such as UBS, Ci- tibank, Fidelity, CIGNA and Royal Bank of Scotland. Marylou Berk, senior vice president and head of com- mercial real estate at LeFrak, and Charles Borrok , execu- tive vice chairman of Cush- man &Wakefield, secured the lease on behalf of Newport. n
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