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
Judge Janet DiFiore and Judge Rowan Wilson (Credit: iStock, New York State Courts)

High court decision has tenants stewing, landlords oohing

Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

LA mayor orders a moratorium on commercial evictions

arrow_forward_ios
Loading...