Jersey City’s Soho Lofts sell for $264M

AEW unloaded the residential property to Mack-Cali Realty

TRD TRI-STATE /
Apr.April 11, 2019 10:30 AM
Soho Lofts at 273 16th Street in Jersey City (Credit: Google Maps)

Soho Lofts at 273 16th Street in Jersey City (Credit: Google Maps)

AEW has officially sold Jersey City’s Soho Lofts for $263.8 million.

The owner sold the 377-unit apartment building to Mack-Cali Realty Corp., according to NJBIZ. HFF marketed the property exclusively and procured the buyer in Mack-Cali, a Jersey City-based real estate investment trust that is refocusing its business on assets in New Jersey.

The Soho Lofts are located at 273 16th Street between Hoboken and Jersey City, right next to Interstate 78 and the Holland Tunnel. The building was finished in 2018 and includes 369 apartments and eight townhouses. The property features 173,000 square feet of ground-floor retail and a 375-space parking garage as well.

HFF was recently purchased by JLL in a $2 billion deal. [NJBIZ] – Eddie Small


Related Articles

arrow_forward_ios
250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Meadowlands Arena (Credit: Google Maps and iStock)

NBC spends $750K to transform arena in New Jersey swamp

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here

729 Seventh Avenue (Credit: Google Maps)

Lawyer argued façade was safe 3 months before fatal accident

Bill Ackman, LeBron James, and Arnold Schwarzenegger with 787 11th Avenue (Credit: Google Maps and Getty Images)

Celebrity property group caught in $11M construction dispute

Renderings of The William Vale and Denizen Bushwick (Credit: iStock)

All Year’s rating outlook turns negative as bondholders reject two amendments

arrow_forward_ios
Loading...