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Deals & Dealmakers

Solar power company relocates to 333 Washington

Cushman & Wakefield announced that the real estate services firm has arranged a long-term, 9,065-square-foot lease for Soltage, LLC at 333 Washington Street in Jersey City.

Cushman & Wakefield’s David DeMatteis and Mina Shehata represented the tenant in the transaction.

“We are thrilled to see Jersey City-based companies like Soltage choosing to expand their offices and commit to Jersey City long-term,” said Shehata.

Soltage is an independent renewable power producer that develops, finances and operates distributed utility-scale solar, solar-plus-storage and standalone storage project portfolios across the U.S.

“The Hudson Waterfront is beginning to experience increased leasing velocity as companies navigate their long-term office strategies for a post pandemic world. The market is experiencing diversification and is poised for some great growth in the next few months,” added DeMatteis.

333 Washington Street is a 51,307 s/foffice property that stands five stories tall. The property features a two-story atrium lobby, red brick exterior, exposed wood ceilings and brick walls, oversized windows and heavy floor loads. Owned by HK Organization, property is situated one block from Harborside and NJ Transit Rail. The building offers views of the Hudson River and Downtown Manhattan.

Earlier this year, HK unveiled plans for a comprehensive capital improvement plan at the loft office building that includes a new lobby and upgrades to all common areas and building systems.

The team of Daniel Reider and John Crawford of Newmark also secured two new tenants; PuppySpot, an online marketplace committed to helping responsible breeders place their puppies, leased 11,349 s/f on the third floor and a “notable e-commerce haircare company” leased 2,061 s/f on the second floor.

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