Port Authority Extends JHR Realty Facility Lease Through 2046
Port Authority Trans-Hudson CorporationSpecial District · Jersey City, NJ- Disclosed value
- Approximately $51.6 million in aggregate base rent, inclusive of escalation; approximately $1.1 million six-month rent credit; approximately $1.2 million in roof and parking lot improvements
- From minutes
- Document date
- Oct 22, 2026
- Term
- Extended through June 30, 2046
- Renews
- Free account
The 30-second brief
The Port Authority Board authorized an amendment with JHR Realty Co. LLC extending the lease for its 777 Jersey Avenue automotive maintenance shop and central warehouse through June 30, 2046. The amended lease provides approximately $51.6 million in aggregate base rent, a six-month rent credit valued at approximately $1.1 million, and revised base rent retroactive to July 1, 2026.
Jhr Realty Company LLC holds this facilities contract with Port Authority Trans-Hudson Corporation.
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Contract details
- Contract type
- Facilities
- Amount
- Approximately $51.6 million in aggregate base rent, inclusive of escalation; approximately $1.1 million six-month rent credit; approximately $1.2 million in roof and parking lot improvements
- Document date
- October 22, 2026
- Term
- Extended through June 30, 2046
- Renews
- On record
- Vendor
- Jhr Realty Company LLC
- Source document
- The Port Authority of New York and New Jersey Minutes Board Meeting October 22, 2026 (Minutes)
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Questions about this contract
Who was awarded the facilities contract by Port Authority Trans-Hudson Corporation?
Jhr Realty Company LLC was awarded this facilities contract by Port Authority Trans-Hudson Corporation, as recorded on October 22, 2026. The contract value is Approximately $51.6 million in aggregate base rent, inclusive of escalation; approximately $1.1 million six-month rent credit; approximately $1.2 million in roof and parking lot improvements.
How much is the Jhr Realty Company LLC contract with Port Authority Trans-Hudson Corporation worth?
The Jhr Realty Company LLC contract with Port Authority Trans-Hudson Corporation is valued at Approximately $51.6 million in aggregate base rent, inclusive of escalation; approximately $1.1 million six-month rent credit; approximately $1.2 million in roof and parking lot improvements, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in The Port Authority of New York and New Jersey Minutes Board Meeting October 22, 2026 (Minutes), dated October 22, 2026 from Port Authority Trans-Hudson Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jhr Realty Company LLC hold?
Jhr Realty Company LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Port Authority Trans-Hudson Corporation currently buying?
Explore Port Authority Trans-Hudson Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.