TABLE OF CONTENTS

THE OPPORTUNITY AND INVESTMENT HIGHLIGHTS 5 SUMMARY OF APPROVED PLANS 6 BERGEN ARCHES NATURE WALK (UNDERWAY) 8 OVERVIEW 10 2060 REDEVELOPMENT PLAN 12 NEW HUDSON COUNTRY COURTHOUSE RENDERINGS 14 NEARBY DEVELOPMENTS 16 JS 2060 REDEVELOPMENT MAP & PROJECT BREAKDOWN 18 ARCHITECT OVERVIEW 19 LOCATION SURVEY 20 SITE PLAN 21 CONFIDENTIALITY & CONDITIONS 22

FOR SALES INFORMATION PLEASE CONTACT:

ZACH REDDING YANNI MARMAROU JACK DRILLOCK Senior Director Director Associate 646 933 2646 646 933 2665 646 933 2665 [email protected] [email protected] [email protected]

FOR FINANCING INFORMATION PLEASE CONTACT:

DYLAN KANE PETER CABRERA Managing Director Director 646 933 2671 646 933 2643 [email protected] [email protected]

2 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 3 THE OPPORTUNITY

B6 Real Estate Advisors, as the exclusive agent, is proud to and I-78 into . The Property is also within a present Bergen Arch Plaza in Jersey City, NJ (the “Property”) quarter mile of the Journal Square Transportation Center and for ground lease or outright sale. The Property is a one-acre PATH Train. The Journal Square 2060 Redevelopment Plan development site in the Journal Square neighborhood that created a massive surge in new and planned development, with is fully approved for a 576,000 SF, mixed-use project. many projects surrounding the Property, including the new Designed by LWDMR Architects, the Property will offer two $345 million Hudson County Courthouse Development just 28-story towers, which combine for 524 residential units, across Central Avenue. 28,500 SF of office space, 6,300 SF of retail space, and 143 parking spaces, along with residential amenities and a Bergen Arch Plaza derives its name from its location directly pedestrian plaza. The Property is uniquely one of the last above the former Bergen Arches Rail Line, which was used approved developments in Jersey City that does not require to connect trains from the Palisades to the now-demolished an affordable housing component. Hudson River Terminal. The Bergen Arch Preservation Coalition (BAPC) was recently accepted into the High Line Network and The Property is ideally located at the intersection of Hoboken has announced plans to convert this existing railway into a Avenue, Central Avenue and Route 139, allowing for immediate nature walk attraction, which will have a public access point access to all major thoroughfares, including Routes 1 & 9, I-95, that directly connects to the Property’s Plaza area.

INVESTMENT HIGHLIGHTS

LAST APPROVED SITE THAT DOES NOT REQUIRE AFFORDABLE COMPONENT In March 2021, Jersey City passed legislation stating that all new developments will require between 5% to 20% of affordable housing. The development plans were approved prior to the passing of this legislation and can contain 100% free-market units.

SURROUNDED BY SIGNIFICANT PUBLIC & PRIVATE INVESTMENT The Journal Square 2060 Redevelopment Plan, established in November 2008, has fostered the redevelopment of the entire neighborhood and put the area on track to becoming a flourishing city center and premier shopping destination.

HIGH RATIO OF STUDIO APARTMENTS WITH OUTDOOR SPACE The larger concentration of studio apartments allows developers to maximize their rental rates per square foot in an area that is tailored towards young professionals. Additionally, the high count of units with outdoor space and terraces further drives up rents and creates an additional advantage against competing product in the area.

WORLD-CLASS ARCHITECTURAL DESIGN LWDMR Architects is an experienced, cutting-edge, Jersey City-focused design firm that honors the natural and built environment, as well as the rich historic resources we all share – the perfect selection for this unique site adjacent to the Bergen Arches Nature Walk and they have again delivered a flawless design

4 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 5 SUMMARY OF APPROVED PLANS

On April 28, 2020, the Planning Board of the City of Jersey City, NJ Bergen Arch Plaza will include multiple retail suites within adopted a resolution memorializing action taken by the Planning both the East and West Towers. Altogether, this component Board on February 18, 2020, granting major site plan approval for measures 6,300 square feet. The lower levels will also contain Bergen Arch Plaza. The development will rise from an assemblage ample parking for future occupants, visitors, and commercial of zoning lots including 414-432 Hoboken Avenue (Block 6701, tenants. Office space on the second and third floors of each Lots 6-12) in Zone 4 of the Journal Square Rehabilitation Area. The building will occupy approximately 28,500 square feet. These Property is approved to develop a 28-story, primarily residential, areas include access to multiple outdoor spaces including a mixed-use building with 524 residential units in two towers, 28,500 manicured garden and a large private terrace. SF of office space, 6,300 SF of retail space, and 143 parking spaces, along with residential amenities and a pedestrian plaza. The residential component rises from the fourth floor to the pinnacle of the buildings and accounts for the bulk of both Beginning at the ground floor, the project incorporates a large towers. The East Tower will house 367 apartments, while the central plaza designed by landscape architect Arterial Design West Tower will contain 157 apartments, for a grand total of Studio. The plaza will span 5,900 square feet and include ample 524 individual units. Layouts will include studios to three- public seating, Citi Bike docking stations, and a descending bedroom spreads. Plans also reveal a robust amenity suite stairway into the historic Bergen Arches, a unique, abandoned including a roof level pool, multiple outdoor spaces, a fitness railroad tunnel running alongside Route 139. A separate design center, storage rooms, and lounge areas. The residential unit team known as the Bergen Arches Preservation Coalition is in mix for the development is approved as follows: 293 studios, the process of restoring and repurposing the tunnel for public 134 one-bedroom units, 86 two-bedroom units, and 11 three- access as a nature walk, similar to The High Line in Manhattan. bedroom units.

524 28,500 SF 6,300 SF RESIDENTIAL UNITS OFFICE SPACE RETAIL SPACE

AUTOMATED 143-SPACE PEDESTRIAN PLAZA PARKING GARAGE OVERLOOKING THE BERGEN ARCHES

127,500 SF ON-SITE ZIPCAR RENTAL OF AMENITY AND PLAZA SPACE

6 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 7 BERGEN ARCHES NATURE WALK (UNDERWAY)

8 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 9 JOURNAL SQUARE OVERVIEW

Journal Square is a business district, residential area, and properties include business offices, local retail shops and transportation hub in Jersey City, , which takes its restaurants, and a variety of national chains. Living in Journal name from the newspaper Jersey Journal whose headquarters Square offers residents a dense urban feel and is quickly were located there from 1911 to 2013. The “square” itself is at evolving into a desirable 24/7 live/work/play hub. the intersection of Kennedy Boulevard and Bergen Avenue, with the broader area extending to Bergen Square, McGinley Journal Square has seen significant revitalization and Square, India Square, the Five Corners, and parts of the Marion development in recent years with a vast development pipeline. Section. Many local, state, and federal agencies serving Hudson Existing development underway in the neighborhod includes County maintain offices in the district, given that Jersey City Journal Squared, a massive three-tower, 2.3-million-square- serves as the county seat. foot residential complex led by Kushner Real Estate Group. THREE JOURNAL SQUARE The first phase, a 53-story tower, opened in early 2017. It sits JOURNAL SQUARED (13-STORY, 240 UNITS) (3-TOWER MIXED-USE) The property’s neighborhood area currently consists of directly adjacent to the Journal Square PATH station as a newer and older multi-family properties, schools, commercial continuation of the dense transit-oriented development that 425 SUMMIT AVE retail and restaurant uses, and 1-3 family homes. Commercial has arisen further to the east in Jersey City. (26-STORY MIXED-USE) TWO JOURNAL SQUARE (CLASS A OFFICE) ONE JOURNAL SQUARE (2 TOWERS, 52 STORIES) The Future Homestead Plaza by Namdar Realty Group

2958 JFK BOULEVARD (28-STORY HOTEL + RESI)

URBY | 532 SUMMIT AVE HUDSON COUNTY (25-STORY MIXED-USE) COURTHOUSE (OLD) 26 COTTAGE STREET (20-STORY, 166 UNITS) 616 SUMMIT AVE (8-STORY MIXED-USE) 626 HOBOKEN AVE 32 OAKLAND AVE (538 RESI UNITS) (25-STORY, 297 UNITS)

NEW HUDSON COUNTY COURTHOUSE DEVELOPMENT ($345 MILLION PROJECT) BERGEN ARCHES NATURE WALK NEW JERSEY ROUTE-139 10 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 11 2060 REDEVELOPMENT PLAN Journal Squared Rendering

The Journal Square 2060 Redevelopment Plan was established in The subject property is in the Neighborhood Mixed-Use November 2008 to foster the redevelopment of Journal Square, section of the redevelopment zone in the northeast portion Jersey City’s central business district, by providing for transit- of the covered area. This purpose of this specific zone is oriented development of new residential housing, offices, retail, to provide for new housing, office space, and other uses and public open spaces, returning Journal Square to a flourishing on parcels within a 10-minute walk of the Journal Square city center and premier shopping destination. The redevelopment Transportation Center. This zone encourages the existing of Journal Square has attracted the interest of urban planners, pattern of neighboring mixed-use properties and building architects, sociologists, and others, many who view its historical, types within the section, while also providing for increased current, and future use as an important indicator of the height limits on corner lots. contemporary understanding of how cities function. The plan has successfully created a massive surge in public and private Jersey City is one of nine municipalities in New Jersey investment in Journal Square in the last 10 years. The plan designated as eligible for Urban Transit Hub Tax Credits by covers an area of approximately 211 acres, 57 city blocks, and the state’s Economic Development Authority. Developers who 1600 individual parcels, focused on the core center in Downtown, invest a minimum of $50 million within 0.5 miles (0.80 km) of a commercial main street on Newark Avenue, Bergen Square, parks, train station are eligible for pro-rated tax credit. and the surrounding neighborhood mixed-use areas.

One Journal Square Rendering

12 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 13 NEW HUDSON COUNTY COURTHOUSE RENDERINGS

14 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 15 NEARBY DEVELOPMENTS MAP NEARBY DEVELOPMENTS

CONSTRUCTED 1 97 Newkirk St 2 2935 John F. Kennedy Blvd 3 134 Baldwin Ave Apartments 4 900 Bergen Ave 5 415 Summit Ave 6 253 Academy St 7 198 Academy St 8 595 Pavonia Ave 9 205 Baldwin Ave

UNDER CONSTRUCTION New Hudson County 1 Courthouse 2 605 Pavonia Ave 622 Summit Ave 2958 JFK Blvd Robinhood Plaza / 1 Journal Square 26 Cottage Street 3 26 Cottage St 209 Units 301 Units 500 Summit Ave 1,723 Units 166 Units Approved Approved 902 Units Approved Under Construction 4 32 Oakland Ave Approved 5 345 Baldwin Ave 6 348 Baldwin Ave 7 180 Baldwin Ave

APPROVED PLANS 1 622 Summit Ave 2 26 Oakland Ave 3 14 Oakland Ave 4 532 Summit Ave 5 615 Pavonia Ave 6 500 Summit Ave 7 19 Perrine Ave 8 167 Baldwin Ave 9 614 Summit Ave 10 2958 John F. Kennedy Blvd 11 1 Journal Square 30 Journal Square Journal Squared / 3 Journal Square / 32 Oakland Ave 425 Summit Ave 12 30 Journal Square Plaza 745 Units 605 Pavonia Ave 2935 John F. Kennedy Blvd 297 Units 386 Units 13 626 Newark Ave Approved 1,840 Units 240 Units Under Construction Approved 14 425 Summit Ave Under Construction Completed

16 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 17 JS 2060 REDEVELOPMENT MAP PROJECT BREAKDOWN ARCHITECT OVERVIEW

Base Residential SF Office SF Retail SF Common SF Total BSF LWDMR Architects is a cutting-edge, Jersey City-focused design firm committed to working collaboratively with clients to realize their goals with high-quality design that is efficient, beautiful, Basement Floor - - - 9,109 9,109 and fitting to the project locale and environment. The highly experienced firm honors the natural Ground Floor - - 6,305 15,115 21,420 and built environment, as well as the rich historic resources we all share by incorporating the Second Floor (Office Floor) - 14,682 - 2,393 17,075 vision of all stakeholders in the design process and working to explore all available options to

Third Floor (Office Floor) - 13,859 - 2,699 16,558 resolve the complexities of each design effort.

Subtotal - 28,541 6,305 29,316 64,162 LWDMR believes that architectural design moving forward requires ever increasing ingenuity, creativity, technical knowledge, efficiency and collaboration to provide truly environmentally East Tower Residential SF Office SF Retail SF Common SF Total BSF sound and sustainable design results. High-quality, efficient, and sustainable design is essential to the positive future of our region’s vitality and quality of life. 4th Floor (Amenity Floor) - - - 5,065 5,065

5th - 16th Floor 58,440 - - 16,980 75,420

17th - 28th Floor 60,768 - - 15,180 75,948

Subtotal 119,208 - - 37,225 156,433

West Tower Residential SF Office SF Retail SF Common SF Total BSF

4th Floor (Amenity Floor) 4,743 - - 7,082 11,825

5th - 16th Floor 114,960 - - 26,940 141,900

17th - 28th Floor 114,960 - - 26,940 141,900

Subtotal 234,663 - - 60,962 295,625

Total Area (1) 353,871 28,541 6,305 127,503 516,220

(1) The approved project also includes 41,740 SF of parking area and 18,348 SF of apartment terraces, bringing the total buildable area to 576,038 SF

One- Two- Three- Residential Unit Mix - West Tower Studio Total Bedroom Bedroom Bedroom

4th Floor 5 1 1 - 7

5th-28th Floor 264 48 48 - 360

Subtotal 269 49 49 - 367

One- Two- Three- Residential Unit Mix - East Tower Studio Total Bedroom Bedroom Bedroom

5th - 17th Floor 13 52 26 - 91

18th - 28th Floor 11 33 11 11 66

Subtotal 24 85 37 11 157

Total Residential Units 293 134 86 11 524

18 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 19 LOCATION SURVEY SITE PLAN - AERIAL VIEW

20 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 21 CONFIDENTIALITY & CONDITIONS

The information contained in this offering memorandum (“Offering Memorandum”) is proprietary and strictly confidential. This Offering Memorandum was prepared by and is the property of B6 Real Estate Advisors LLC (“B6”) and has been reviewed by the owner (the “Owner”) of the Property. It is furnished solely for the purpose of review by a prospective purchaser of the Property and is not to be used for any other purposes or made available to any person without the express written consent of the Owner or B6. By accepting this Offering Memorandum, the party in possession hereof agrees to return it to B6 immediately upon request of B6 or Owner. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of B6 and Owner. Each prospective purchaser and/or broker proceeds at his, her or its own risk.

You have the obligation to keep this Offering Memorandum, and any various papers, documents, legal instruments, studies, leases, brochures, computer output, and other materials concerning the Property (all of the aforementioned information is collectively referred to as “Evaluation Material”) confidential. Certain Evaluation Materials, including the leases, are described in summary form. The summaries do not purport to be complete nor accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents.

The information in this Offering Memorandum has been compiled from sources deemed to be reliable and does not purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire. Neither B6 nor the Owner makes any representation or warranty whatsoever regarding the accuracy, veracity, or completeness of the information provided herein and each of Owner and B6 (and their agents, advisors and representatives) expressly disclaim any and all liability for representations or warranties, express or implied, contained in this Offering Memorandum or the Evaluation Material or for omissions therefrom.

Financial projections and information contained herein and in any Evaluation Material, shall not be relied upon, are provided for general reference purposes only, and are based on assumptions relating to (and subject to) the general economy, market conditions, competition, and other factors beyond control and, therefore, are subject to material change, volatility or variation. A prospective purchaser must make its own independent investigations, projections, and conclusions regarding the acquisition of the Property. This includes legal, tax, environmental, engineering and other as deemed necessary relative to a purchase of the Property. This Offering Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. This Offering Memorandum does not constitute an offer of securities.

The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party, at any time, with or without written notice. The Owner and B6 reserve the right to negotiate with one or more prospective purchasers at any time. This Offering Memorandum is subject to errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by B6. Only a fully-executed real estate purchase agreement, approved by the Owner, and executed and delivered to Owner and a prospective purchaser shall bind the property. In no event shall a prospective purchaser have any claims against the Owner or B6 or any of their affiliates, officers, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

The terms and conditions set forth above apply to this Offering Memorandum in its entirety.

22 B6 REAL ESTATE ADVISORS BERGEN ARCH PLAZA 23 B6 REAL ESTATE ADVISORS 1040 Avenue of the Americas, 8th Floor New York, NY 10018 B6REALESTATEADVISORS.COM

FOR SALES INFORMATION PLEASE CONTACT:

ZACH REDDING YANNI MARMAROU JACK DRILLOCK Senior Director Director Associate 646 933 2646 646 933 2665 646 933 2665 [email protected] [email protected] [email protected]

FOR FINANCING INFORMATION PLEASE CONTACT:

DYLAN KANE PETER CABRERA Managing Director Director 646 933 2671 646 933 2643 [email protected] [email protected]