By Linda Moss
CoStar News
June 20, 2023 | 3:39 P.M.
The new owner of a 100-year-old office building in Hoboken, New Jersey, has brought the historic property to 100% occupancy after modernizing and repositioning it.
Maridian Properties, itself based in Hoboken, on Tuesday said that since acquiring 95 River St., newly named “Lions Gate,” last December it has leased space to five new tenants. They have joined anchor tenant Wells Fargo, raising Lions Gate to full occupancy, according to Maridian. The office property is also home to logistics, apparel design, law, real estate development, science and financial firms.
Demand for office space in Hoboken remains strong, according to Mario Fini, Maridian co-founder, buoyed by the city’s convenient location, mass transit infrastructure and diverse economy. The office vacancy rate on the Hudson River waterfront, which includes Hoboken as well as Jersey City, is 16.2%, according to CoStar data.
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