Thor Equities is Buying a Jersey City Office Building for $94.5 Million

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95 Greene Street Thor Equities Jersey City
Thor Equities will purchase the Liberty Innovation Centre at 95 Greene Street, Jersey City. Image via Thor Equities website.

A block-long mixed-use property just a stone’s throw from the Hudson River waterfront will soon be changing hands and is looking to draw tech, healthcare, and medical tenants to the space.

Earlier this year, BisNow reported that New York-based Thor Equities is under contract to buy 95 Greene Street in Jersey City. Current owner SJP Properties has agreed to sell the 340,000-square-foot property for $94.5 million, which was re-branded as Liberty Innovation Centre back in 2018.

Thor says it plans to lease the space in the building to life science, pharmaceutical, green tech, agriculture tech, healthcare, or medical tenants. Thor Chief Operating Officer Melissa Gliatta said the firm is “thrilled” to add the building to the platform and is looking “forward to expanding our presence in markets around the globe.”

“New Jersey is one of the best research markets in the country,” Thor Equities Chairman Joe Sitt said in a statement. He added the acquisition provides “an opportunity to simultaneously build our Life Science platform and meet the demand for laboratory and research and development space.”

The ground floor of 95 Greene Street includes Honshu Sushi but much of the rest of the building is available for lease. Thor’s other big move last year involved their purchase of Bridgewater’s The Center of Excellence, which they want to expand into a life sciences campus.

Besides that, the company was behind the purchase of the historic Hudson Reporter property at 1400 Washington Street in Hoboken back in 2016, which was then overhauled into a SoulCycle outpost that includes a Juice Press location.

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1 COMMENT

  1. What exactly is “Life Sciences” ? Are we to actually believe that prime JC Downtown Water front Property is NOT going to be lux apts for the rich?

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