Thor Equities announced yesterday its purchase of the historic “The Up-town Bank” building at 1400 Washington Street in Hoboken.
Built in the late 19th Century, the limestone-clad Beaux-Arts style building was originally a branch of The Hoboken Trust Company. It later became home to The Hudson Reporter. Back in May, The Hudson Reporter moved their main offices to Bayonne after operating out of the Washington Street building for nearly 20 years.
The 6,000-square-foot, two level landmark bank building features over 115 feet of wraparound frontage on 14th Street and Washington Street. Thor Equities plans to renovate and reposition the property into a prime retail asset.
“Uptown Hoboken is continuing to evolve into a premier residential and retail destination, and 1400 Washington Street is in the epicenter of this transformation,” said Melissa Gliatta, COO of Thor Equities.
Thor Equities is a Manhattan-based global leader in urban real estate development, leasing, and management. 1400 Washington Street is their first property in Hoboken.
The property hit the market last fall with an asking price of $5.8 million. The final sale price was not disclosed.
[gmap height=”250px”]1400 Washington St, Hoboken, NJ 07030[/gmap]
1400 Washington St, Hoboken, NJ 07030