Veris Residential Sells Harborside 8/9 Land Parcel for $75 Million

Reuters12-10

<a href="https://laohu8.com/S/VRE">Veris Residential</a> Sells Harborside 8/9 Land Parcel for $75 Million

Veris Residential Inc. has completed the sale of its 4.2-acre Harborside 8/9 land parcel in Jersey City, New Jersey, for $75 million. The transaction is expected to reduce the company's net debt-to-EBITDA to approximately 9.0x and be accretive by about $0.04 per share to Core FFO. Cushman & Wakefield represented Veris Residential in the sale to Panepinto Properties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veris Residential Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY42591) on December 09, 2025, and is solely responsible for the information contained therein.

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