American Equity buys 15 Exchange Place on Jersey City waterfront for $48M

“Hartz Mountain Industries sold 15 Exchange Place, a 136,000-square-foot boutique office building on the Jersey City waterfront, to American Equity Partners for $48 million.

Originally built in the early 1900s, the 11-story 15 Exchange Place offers office space above ground-floor retail space. The building is 71% leased to a diverse tenant roster comprising financial firms, data consultants and other professional services firms. The retail component of the property is occupied by a Starbucks and Potbelly Deli.”

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