PRINCETON, N.J.--(BUSINESS WIRE)--Chambers Street Properties (NYSE:CSG), a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, today announced it has signed a 17-year lease for 159,141 square feet in its 90 Hudson Street office building located in Jersey City, New Jersey. The lease increases the building’s total occupancy from 63% to 100%.
The new tenant, Charles Komar & Sons, Inc., was founded in 1908 and is a privately held, global retail provider that specializes in the design, marketing, sourcing and distribution of sleepwear and other retail apparel.
“In securing a long-term lease with a quality tenant, Chambers Street is pleased to bring 90 Hudson to 100% occupancy until 2024. The desirable waterfront location in Jersey City has captured the interest of a wide variety of tenants and remains an attractive alternative to downtown Manhattan,” said Philip L. Kianka, Executive Vice President and Chief Operating Officer, Chambers Street. “As part of an extremely active year in our leasing efforts, today’s announcement brings total 2014 leasing volume above 3.2 million square feet.”
90 Hudson is a Class A office building located on the Hudson River waterfront directly across from Downtown Manhattan. The property has unobstructed views of the river and the Manhattan skyline and is serviced by an array of public transportation including the PATH train and ferry service.
About Chambers Street Properties (NYSE:CSG)
Chambers Street is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, leased to creditworthy tenants. As of September 30, 2014, Chambers Street owned or had a majority interest in 129 properties located across 20 U.S. states, France, Germany, and the United Kingdom encompassing approximately 36.3 million rentable square feet. For additional information, please visit www.ChambersStreet.com.