NY Life Lends $146M on Jersey City Tower

The Class A building totals about 577,500 rentable square feet and was completed in 2002.

3 Second Street, Jersey City, N.J.3 Second Street, Jersey City, N.J.

Jersey City, N.J.—New York Life Real Estate Investors has extended, on behalf of institutional investors, $146.6 million in financing secured by 3 Second Street, a Class A office tower in Jersey City, N.J. The borrower/owner was Dividend Capital Diversified Property Fund Inc. (DPF), of Denver, a public reporting daily NAV REIT.

“Three Second Street is one of the best and most conveniently located office properties along the Hudson Waterfront,” David Li, senior director at New York Life Real Estate Investors, said in a prepared statement…

NY Life Lends $146M on Jersey City Tower

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