Jones Lang LaSalle Americas (JLL) has been named the exclusive broker for the sale of 333 Washington Street, a 46,985-square-foot boutique office building located in downtown Jersey City. The property, which is 93% leased, offers a unique blend of historic charm and modern creative space, making it a distinct offering in the local market.
The five-story building, originally constructed in 1900 and renovated in 2001, features exposed brick and high ceilings, creating a unique work environment. Its ground floor was recently converted into a modern, high-ceiling event space, secured by a 10+ year lease with Vanilla Skies. Additionally, the area directly outside the building has been approved for use as a parklet, providing valuable outdoor space for tenants.
JLL is highlighting the property’s strong investment potential, including its stable, in-place income from existing leases and significant long-term upside. This includes the possibility of replacing current tenants with creative firms seeking unique spaces and the potential for future redevelopment.
The property is strategically positioned in a vibrant, walkable area of downtown Jersey City, with excellent access to public transportation. It is just two blocks from the Exchange Place PATH Station, offering direct access to New York City. The building’s small-to-midsize floor plates, each under 10,000 square feet, position it to thrive in a market where available office space is often dominated by large blocks of over 100,000 square feet.
The JLL marketing team for the sale includes Senior Managing Directors Jeremy Neuer and Jose Cruz, Senior Director Ryan Robertson, and Associates Bradley Wachenfeld and Michael Kavaler. The property is being offered free and clear of any mortgage financing, and JLL’s NJ debt group is available to consult on financing options.
