2844 JOHN F. KENNEDY BLVDJERSEY CITY, NJ 07306

OFFERING MEMORANDUM PRESENTED BY: GREGORY D. EDGELL

PREMIER RETAIL REPOSITION

±13,000 SQUARE FEETFLEX SPACE, BELOW GRADE

2844 JOHN F. KENNEDY BLVDJERSEY CITY, NJ 07306

WEICHERT, REATLORS 273 GROVE STREET, JERSEY CITY, NJ 07302 [OFFICE] (201) 333 4443

TABLE OF CONTENTS:

3. EXECUTIVE SUMMARY4. LEASE PRICE

5. LOCATION OVERVIEW6. DEVELOPMENT OVERVIEW7. PROPERTY DESCRIPTION

12. PROPERTY PHOTOS15. PARKING

16. COMPARABLES17. MUNICIPAL - TAX MAP & ZONING

21. TRADE AREA REPORT22. TRANSPORTATION

24. CONTACT

EXECUTIVE SUMMARY

1 2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 3

INTRODUCTION

AN ESTIMATED 7.2 MILLION PEOPLE WILL TRAVEL THROUGH THE JOURNAL SQUARE PATH STATION IN 2016. THE VISION OF THE LATE MAYOR HAGUE, THIS MULTI-MODAL TRANSPOR-TATION HUB, SERVICES THE GREATER METROPOLITAN AREA WITH BUS SERVICE AND DIRECT ACCESS TO NEW YORK CITY, NEWARK AND HARRISON VIA THE PATH.

SITE DESCRIPTION

THE SUBJECT PROPERTY IS AN EXCELLENT OPPORTUNITY FOR RE-POSITIONING AS IT IS LOCATED 500’ FROM THE JOURNAL SQUARE PATH AND IS IN THE HEART OF THE RETAIL CORRIDOR ON KENNEDY BLVD. THIS ±13,000 BELOW GRADE SPACE HAS FRONTAGE ON BOTH KENNEDY BLVD. AND SIP AVE. AND IS ADJACENT TO A 395 SPACE ABOVE GROUND PARKING LOT RUN BY IMPARK.

HIGHLIGHTS

• FULL GROSS LEASE• TWO SIDES OF FRONTAGE ON KENNEDY AND SIP AVE• 25,000 VPD• ACCESS TO 37,000 DAILY PATH AND BUS RIDERS• SURROUNDING OFFICE MARKET OF OVER 9,000 WORKERS • 10,000 ATTENDING HUDSON COUNTY COMMUNITY COLLEGE

ZONING: 2060 REDEVELOPMENT PLAN

THE REDEVELOPMENT PLAN FOCUSES ON JOURNAL SQUARE, THE PATH RETAIL STATION AND BUS DEPOT, AS WELL AS THE SURROUNDING NEIGHBORHOODS WITH-IN WALKING DISTANCE, COMPRISING AN AREA OF APPROXIMATELY 211 ACRES, 57 CITY BLOCKS AND APPROXIMATELY 1600 INDIVIDUAL PARCELS.

LEASE PRICE

±13,000 SQUARE FEET PREMIERE RETAIL REPOSITION

SUBDIVIDE: $17.50 / FOOTLEASE OUTRIGHT: $15.00 / FOOT

TYPE: FULL GROSS LEASE

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 4

LOCATION OVERVIEWAERIAL VIEW

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 5

SIP AVE

BERG

EN AVE

KENNED

Y BLV

D

*

TON

NELLE AVE

LOCATION OVERVIEWINTERSECTION MAP

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 6

DEVELOPMENT MAPJSQ CORE PROJECTS

*

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 7

BLOCK / LOT 10602 / 9ZONING 2060 JOURNAL SQUARE REDEV BUILDING DESCRIPTION 2S-B-C-HLOT DIMENSIONS 106X65&75X100TOTAL GROSS SQUARE FOOTAGE ±13,000MEDIAN HOUSEHOLD INCOME $44,478.00DAILY TRAFFIC COUNT 25,000 POPULATION (07306) 16,271ASSESSMENT (2015) $1,000,000.00REAL ESTATE TAXES (2015) $74,820.00

OVERVIEW

THE SUBJECT PROPERTY IS LOCATED IN A PREMIER BUSINESS CORRIDOR AND IS CURRENTLY NOT IT’S HIGHEST AND BEST USE. BUILT-OUT IN 2007 BY HUDSON COMMUNITY COLLEGE THE SPACE WAS CONSTRUCTED WITH STRICT EDUCATIONAL STANDARDS AND BUILDING CODES. THE ENTIRE SPACE HAS A TWO HOUR FIRE RATING AND IS COMPLETELY ADA COMPLIANT.

WITH THE EXISTING STRUCTURE SUITED FOR EDUCATIONAL USE AN IDEAL TENANT WOULD BE A SCHOOL, HEALTH FACILITY, OFFICE OR SOME GOVERNMENTAL USE. ADDITIONALLY, A COMMUNAL LIVE/WORK SPACE ENVIRONMENT WITH ARTIST STUDIOS AND WORKSHOPS WOULD ALLOW A TENANT TO MANAGE THE SPACE AND SUBLEASE SPACE ON A PER TENANT BASIS WITH ±13,000 SQUARE FEET OF USEABLE SPACE, TWO SIDES OF FRONTAGE, A 395 SPACE PARKING LOT ADJACENT TO THE PROPERTY AND ITS PROXIMITY TO PATH MAKING THIS A VERY VIABLE SUBJECT FOR A GUT RENOVATION AND BUILD TO SUIT SCENARIO.

PROPERTY DESCRIPTION

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 8

2844 KENNEDY BLVDJERSEY CITY, NJ 07306

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140 SIP AVEJERSEY CITY, NJ 07306

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PROPERTY DESCRIPTION

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 11

PROPERTY PHOTOSEXISTING STRUCTURE

MAIN LOBBY PAGE 12

PROPERTY PHOTOSEXISTING STRUCTURE

20 CLASSROOM SPACES AND 6’ CORRIDORS PAGE 13

PROPERTY PHOTOSEXISTING STRUCTURE

BRAND NEW BATHROOMS PAGE 14

PARKINGIMPARK 395 SPACE PARKING LOT

*

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COMPARABLESLEASED LOCATION MAP

32

1

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306

ADDRESS ADDRESS TENANT DATE SIGNED SQUARE FEET LEASE TYPE RENT1 2844 JFK DOLLAR DREAM -- -- --2 2859 JFK RITE AID -- -- --3 2843 JFK PAYLESS SHOES -- -- --

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TAX MAPBLOCK 10602; LOT 9

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TAX MAP±14,390 SQUART FEET

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ZONING MAPZONE 3: COMMERCIAL CENTER

*

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ZONE 3JOURNAL SQUARE 2060: ZONE 3

PURPOSE

THE PURPOSE OF THIS ZONE IS TO PROVIDE FOR AN ACTIVE AND INTENSIVE USE OF PARCELS SURROUNDING THE JOURNAL SQUARE TRANSPORTATION CENTER. WITH CLOSE PROXIMITY AND SHORT WALKING DISTANCE TO HEAVY RAIL AND BUS TRANSIT SYSTEMS, THIS ZONE COMPLIMENTS THE ESTABLISHED COMMERCIAL CENTER OF JERSEY CITY.

PERMITTED USES:

1. RETAIL SALES OF GOODS AND SERVICES/FINANCIAL SERVICES2. OFFICES3. ART GALLERIES4. LIVE/WORK5. RESTAURANTS: CATEGORY 1 OR 26. HOTELS/BED AND BREAKFAST7. MEDICAL OFFICES8. CHILD AND ADULT DAYCARE CENTERS9. THEATRES/NIGHT CLUBS/BARS10. SCHOOLS11. MUSEUM

ACCESSORY USES:

1. FENCING AND SEATING WALLS2. LANDSCAPE FEATURES3. IMPROVED OPEN SPACES4. SIGNS5. ROOFTOP RECREATION6. SIDEWALK CAFE

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TRADE AREA REPORTREALTORS PROPERTY RESOURCE

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TRANSPORTATIONREALTORS PROPERTY RESOURCE

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306

JOURNAL SQUARE TRANSPORTATION CENTER (JCTC)

LOCATED ALONG KENNEDY BOULEVARD IN JERSEY CITY, NJ, THE JOURNAL SQUARE TRANSPORTATION CENTER IS ONE OF NEW JERSEY’S BUSIEST TRANSPORTATION CENTERS. THE FACILITY INCLUDES A TEN-STORY TOWER, BUS STATION AND TWO LEVELS OF PARKING. IT IS ALSO A MAJOR STOP ON THE PATH RAIL SYSTEM, WITH SERVICE TO LOWER AND MIDTOWN MANHATTAN, HOBOKEN, NEWARK AND JERSEY CITY. IN 2014, CLOSE TO 12 MILLION BUS PASSENGER TRIPS PASSED THROUGH THE STATION. AVERAGE DAILY-PATH RIDERSHIP IS 56,000.

ROUTES VIA BUS OR PATH

JERSEY CITY, NEWARK, SECAUCUS, KEARNY, UNION CITY, NORTH BERGEN, HACKENSACK, FAIRVIEW, BOGOTA, RIDGEFIELD AND NEW YORK CITY, WEST NEW YORK, GUTTENBERG, NEW YORK, BAYONNE AND HOBOKEN

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PATHROUTES & DESTINATIONS

2844 JOHN. F KENNEDY BLVD, JERSEY CITY, 07306 PAGE 23

fdCONTACT INFORMATIONGREGORY D. EDGELLEXCLUSIVE LISTING AGENT

WEICHERT, REALTORS273 GROVE STREET JERSEY CITY, NJ 07302

OFFICE (201) 333-4443DIRECT (201) 839-3118 CELL (973) 610-5145