After weighing its options, Broadridge Financial Solutions is staying put in the Tri-State region, renewing 373,000 square feet in New York and New Jersey office leases.

The Long Island-based brokerage firm has extended its stay at 2 Journal Square in Jersey City. Broadridge will fully occupy the 320,000-square-foot office building for the next seven years.

Located above the Journal Square PATH terminal, the nine-story building completed construction in 1987. Broadridge originally took occupancy shortly thereafter. Hartz Mountain Industries, Panepinto Properties and Garden State Development own the property.

Michael T. Cohen and Colton Brown with FirstService Williams, along with David Pennetta of Oxford & Simpson Realty handled negotiations for Broadridge.

"With the reasonable terms agreed to by Hartz and being able to avoid the disruptions and loss of productivity inherent in any large-scale corporate relocation, remaining in its current location was the best decision for Broadridge," said Cohen. He also noted that Hartz offered several up-front inducements such as free rent and a construction allowance.

The lease ranks second in terms of size for Class A office deals in the New York and Northern New Jersey markets this year. It trails only DTCC's 415,000-square-foot lease at the Newport Office Center, also in Jersey City.

A bit less flashy is the 53,000-square-foot renewal Broadridge inked at 1 Park Ave. in Manhattan. Murray Hill Properties signed the firm for three more years.

Built in 1925, the 20-story, 913,000-square-foot office tower is a few blocks from the Empire State Building. Asking rents in the building start at $35 per square foot, according to CoStar information.

Robert Tunis with FirstService Williams and David Pennetta with Oxford & Simpson Realty represented Broadridge. Audrey Novoa and Roxana Girand represented Murray Hill Properties, in-house.