601 W Companies LLC signed a binding contract to acquire Harborside 5 from Veris Residential, Inc. (NYSE:VRE) for $85 million in January 2024. The transaction involved a $65 million first-mortgage senior acquisition loan provided by Northwind Group. Some $45 million capitalized the purchase, while the rest are meant for an accretive leasing program.

Harborside 5 property is being marketed by Cushman & Wakefield and CBRE.