NJ Transit adds 11,000 s/f to Hoboken office footprint

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National Realty & Development Corp. (NRDC) announced that
NJ TRANSIT Corp. has leased the entire second floor at its 95,000 s/f Baker
Waterfront Plaza in Hoboken, NJ.

NJ TRANSIT will relocate employees currently housed in the
historic Hoboken train station to the new 11,168 s/f space in Baker Waterfront
Plaza where it currently occupies two other suites and has been a tenant for 10
years.

 NJ Transit is the nation’s third largest provider of bus, rail and light rail transit, linking major points in New Jersey, New York and Philadelphia.

BRIAN SEKEL

“We would like to extend our thanks to NJ TRANSIT for their
continued tenancy at Baker Waterfront Plaza,” said Brian F. Sekel, Executive
Vice President at NRDC. “This prime Class A office building remains one of our landmark
properties and has proven to be a sought-after location. We look forward to
continuing our longstanding relationship.”

Located at Two Hudson Place, the property overlooks the
Hudson River and is situated directly across from the NJ TRANSIT Hoboken
Terminal. The Holland Tunnel is located a half mile south of the property,
while access to Routes 1 & 9 and the NJ Turnpike are approximately one mile
southwest.

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