Premier Workspaces Opens New Jersey Location

Building 78 at Kearny Point dates back to the 1930s. Image courtesy of Premier Workspaces

Premier Workspaces has opened a new coworking location in Kearny, N.J. The firm will operate at Building 78 of the Kearny Point business park, owned by Hugo Neu, according to CommercialEdge data.

The location encompasses private offices for one to five individuals, along with dedicated desks and hot-desking options, as well as rooms for meetings and conferences. Amenities at the pet-friendly location include free on-site parking, a fitness center and an EV charging station.

Completed in 1930, Building 78, along with the adjacent Building 82, span a total of 200,000 square feet and represent the main office component of the Kearny Point business park. In 2021, they became subject to a $44 million loan from Prudential Financial Insurance Co., according to CommercialEdge. Other tenants at the property include ARECO, Adventii Media and Sigma Technologies, the same source shows.

Located at 78 John Miller Way, Kearny Point is close to Highway 9, being some 6 miles from Jersey City and 8 miles from New York City. It is also 8 miles from the Newark Liberty International Airport and less than 2 miles from the Hudson Mall.

As of October, New Jersey’s office vacancy clocked in at 17.5 percent, slightly below the national rate of 17.8 percent, according to a recent CommercialEdge report. The market registered a 10-basis-point increase in vacancy on a year-over-year basis. The average listing rate stood at $34.6, below the $37.77 national figure and growing 4.4 percent over 12 months, the same source shows.