PSA Announces East Cost Grading Facility
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Santa Ana, CA & Jersey City, NJ – Collectors Holdings, the parent company of Professional Sports Authenticator (PSA) – the largest authentication and grading company in the world – and Veris Residential, Inc. (NYSE: VRE), owner of Harborside in Jersey City, today announced the signing of a long-term lease for approximately 130,000 square feet of office space at Harborside 3 in Jersey City. The new facility will help expand PSA’s authentication and grading services of trading cards, tickets, autographs and more. The lease comprises the most office space leased in Jersey City by a tenant since September 2020.
PSA’s Harborside 3 space will serve as a robust, efficient grading operation, helping the company to expand and improve upon its authentication and grading services of trading cards, tickets, autographs and more as quickly as possible. As the collectibles industry continues to enjoy rapidly growing enthusiasm across the globe, this East Coast location, which will include administrative and executive offices, will serve as a complement to the company’s long-standing headquarters in Santa Ana, California.
“We’re incredibly excited about our new space at Harborside and what it means for the evolution of our business,” said Nat Turner, CEO and Executive Chairman of Collectors Holdings. “Beyond the operational capacity benefits, we see this location as a central driver for our recruitment of top-tier product, tech and business talent from the New York metro area. We’re creating an exceptional workplace for the fast-growing collectibles industry as well as a more convenient option for northeast collectors looking to ship, drop-off and pick-up submissions.”
“We are pleased to welcome Collectors Holdings to Harborside 3,” said Mahbod Nia, Chief Executive Officer of Veris Residential. “Collectibles is an emerging industry, and we are thrilled PSA recognized the quality of our buildings, coupled with the unique live, work and play value proposition of the Harborside campus, and elected to locate here.”
Harborside 3, owned by Veris Residential, Inc. (NYSE: VRE), is a 10-story, Class-A high-rise building containing approximately 750,000 rentable square feet of office space. The building is part of the best-in-class, 3.2 million-square-foot Harborside campus composed of desirable office space with captivating views of Manhattan and numerous on-site amenities, including a large atrium with seating and event space, food hall, retail concourse, Whole Foods Market, daycare center, bank, urgent-and-primary care medical office, two parking garages, and 3,000 residential units.
The campus also has outdoor areas, including a pedestrian plaza, a boardwalk along the Hudson River, and, from April through October, Smorgasburg, the largest weekly open-air food market in the United States. Harborside is conveniently located directly adjacent to the Exchange Place PATH station and offers an on-campus NJ Transit Light Rail station, on-campus New York Waterway Ferry terminal, and easy access to NJ Transit’s Hoboken terminal and Newark Airport.
Collectors Holdings will have a select number of staff members at the new location this year and expects its authentication and grading services at the site to be fully operational in 2023. PSA’s existing East Coast office, based in Woodbridge, NJ, will eventually be merged with the Jersey City facility.
“Opening our doors on the East Coast, at a location ideally located to several substantial population centers, will not only expand our operations but also help to significantly boost our daily output and turnaround times,” added PSA President Kevin Lenane. “We believe this development is a tremendous step forward for the collecting community as we continue to reinvest in our business and deliver the growth that’s been asked of PSA.”
Zev Holzman and Christopher Marx of Savills represented Collectors Holdings in the transaction, while CBRE represented Veris Residential.
Holzman, an Executive Managing Director at Savills, stated, “Harborside 3, with its desirable office space and connectivity to New York City, was the ideal opportunity for PSA’s East Coast location. We are thrilled to have been able to bring this complex transaction to finalization, and feel that Harborside campus will offer Collectors’ employees an unmatched office experience with all of the amenities sought by today’s top-tier tenant class.”
About Collectors Holdings
Collectors Holdings is the global leader in authentication and management of collectibles, with offices in Los Angeles, New York, Seattle, Hong Kong, Shanghai, Tokyo and Paris. Collectors provides hobbyists and alternative asset investors with best-in-class products, tools and services that power the collectibles industry. Collectors brands include leading authentication and grading services PSA (trading cards and memorabilia), PCGS (coins and currency), and WATA (video games and pop culture), as well as online collectibles marketplace, Goldin. Visit www.collectorsuniverse.com for more information.
PSA is the world’s largest trading card, autograph and memorabilia authentication and grading service. Since 1991, PSA has examined and certified over 40 million collectibles with a combined value of over $1 billion. For more information, visit www.PSAcard.com.
About Veris Residential, Inc.
Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today’s residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit www.verisresidential.com.
About Savills Inc.
Savills helps organizations find the right solutions that ensure employee success. Sharply skilled and fiercely dedicated, the firm’s integrated teams of consultants and brokers are experts in better real estate. With services in tenant representation, workforce and incentives strategy, workplace strategy and occupant experience, project management, and capital markets, Savills has elevated the potential of workplaces around the corner, and around the world, for 160 years and counting.
For more information, please visit Savills.us and follow us on LinkedIn, Twitter, Instagram, and Facebook.
For Collectors Holdings:
For Veris Residential:
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
T: +1 212 588 3460
M: +1 973 558 1239