{"id":1004568703,"date":"2022-02-24T04:30:10","date_gmt":"2022-02-24T12:30:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004568703"},"modified":"2022-12-09T02:12:27","modified_gmt":"2022-12-09T10:12:27","slug":"veris-lands-sizable-lease-at-harborside-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/","title":{"rendered":"Veris Lands Large Lease in Jersey City"},"content":{"rendered":"
\"Harborside,<\/a>

Harborside. Image courtesy of Veris Residential<\/p><\/div>\n

Collectors Holdings<\/strong> has signed a long-term lease for 130,000 square feet of office space at Harborside 3 in Jersey City, N.J., Harborside\u2019s owner, Veris Residential Inc<\/strong>., announced on Wednesday.<\/p>\n

Collectors Holdings is the parent company of Professional Sports Authenticator, the world\u2019s largest authentication and grading company, which is expanding these services for trading cards, tickets, autographs and more.<\/p>\n

The collectibles industry reportedly is growing rapidly, and this East Coast location will complement PSA\u2019s headquarters in Santa Ana, Calif.<\/p>\n

The lease reportedly is the largest for office space in Jersey City since September 2020.<\/p>\n

In a prepared statement, Nat Turner, CEO & executive chairman of Collectors Holdings, noted that this location in metro New York City both offers access to a top-tier talent pool and will be a convenient option for collectors in the Northeast to drop off and pick up submissions.<\/p>\n

\n

READ ALSO<\/strong>: Where to Find Tech\u2019s Top Office Submarkets<\/a><\/p>\n

\n

Harborside 3 is a 10-story, Class A building with about 750,000 rentable square feet of office space. It\u2019s part of the 3.2 million-square-foot Harborside campus, which features such on-site amenities as a large atrium with seating and event space, a food hall, retail concourse, Whole Foods Market, daycare center, bank, urgent- and primary-care medical office, two parking garages, and 3,000 residential units.<\/p>\n

The campus\u2019s outdoor areas include a pedestrian plaza, a boardwalk along the Hudson River and, from April through October, Smorgasburg, the nation\u2019s largest weekly open-air food market.<\/p>\n

Harborside is adjacent to the Exchange Place PATH station and offers an on-campus NJ Transit Light Rail station, on-campus New York Waterway Ferry terminal, and easy access to NJ Transit\u2019s Hoboken terminal and Newark Airport.<\/p>\n

Collectors Holdings will have a small number of staff at the new location this year and expects its authentication and grading services at the site to be fully operational in 2023. PSA\u2019s existing East Coast office, in Woodbridge, N.J., will eventually be merged into the Jersey City facility.<\/p>\n

Zev Holzman and Christopher Marx of Savills <\/strong>represented Collectors Holdings in the transaction, while CBRE represented Veris Residential.<\/p>\n

Steady improvement<\/h2>\n

Direct and sublease availability in the New Jersey office market are at their highest since 2005, totaling 18.6 percent, according to a fourth-quarter report from Avison Young<\/strong>. The sublease market is an ongoing issue, as it\u2019s at a record 9.0 million square feet, or 17.2 percent all available space.<\/p>\n

However, as in many places, economic conditions in New Jersey are generally trending upward, with unemployment falling from 16.6 percent in May 2020 to 5.5 percent this past October. And helpfully, 68.5 percent of the state\u2019s population is fully vaccinated.<\/p>\n

New Jersey\u2019s Hudson River waterfront has been active in recent years. Just more than a year ago, the LeFrak Organization sold 545 Washington Blvd.<\/a>, in Jersey City, to Global Harbor Group for $372 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is reportedly the largest such deal in the city since late 2020. <\/p>\n","protected":false},"author":882,"featured_media":1004568718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,1600,21742,10,21747],"tags":[33022,34107],"class_list":["post-1004568703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-avison-young","tag-savills"],"acf":[],"yoast_head":"\nVeris Lands Large Lease in Jersey City - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Collectors Holdings has signed a long-term lease with Veris Residential to occupy office space at Harborside 3 in Jersey City, N.J.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Veris Lands Large Lease in Jersey City\" \/>\n<meta property=\"og:description\" content=\"Collectors Holdings has signed a long-term lease with Veris Residential to occupy office space at Harborside 3 in Jersey City, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-24T12:30:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:12:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Harborside-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"788\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/\",\"name\":\"Veris Lands Large Lease in Jersey City - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Harborside-featured.jpg\",\"datePublished\":\"2022-02-24T12:30:10+00:00\",\"dateModified\":\"2022-12-09T10:12:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Collectors Holdings has signed a long-term lease with Veris Residential to occupy office space at Harborside 3 in Jersey City, N.J.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/veris-lands-sizable-lease-at-harborside-in-new-jersey\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Harborside-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Harborside-featured.jpg\",\"width\":788,\"height\":600,\"caption\":\"Harborside. 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