With the sports collectible industry still producing record sales, card-grading giant PSA is expanding its operation to help it keep up with the growing demand.
Collectors, the parent company of Professional Sports Authenticator (PSA), has signed a long-term lease for approximately 130,000 square feet of office space at Harborside 3 in Jersey City, N.J.
The new facility will help PSA expand its authentication and grading services for sports cards, tickets, autographs and more. The facility, across the river from New York City, should help PSA expand its authentication and grading staff.
Collectors has also opened a new office in Seattle to help expand the company's technology initiatives.
PSA’s Harborside 3 location, which will include administrative and executive offices, will serve as a complement to the company’s long-standing headquarters in Santa Ana, Calif.
“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.”
Harborside 3, owned by Veris Residential, Inc., is a 10-story, Class-A high-rise building with approximately 750,000 square feet of office space. The building is part of a 3.2 million-square-foot Harborside campus with a view of Manhattan and a boardwalk along the Hudson River.
Collectors 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.
Collectors Holdings and PSA have made numerous moves in the past year to catch up on a huge backlog of card submissions that consumed the industry last year. The new location is expected to help the company increase its card-grading capacity and turnaround times.
“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,” PSA President Kevin Lenane said. “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."
The downtown Seattle location is currently home to a 10-person team and Collectors has plans to hire 20 more software engineers, designers and product managers over the next year. The Seattle team has been developing new platforms, services and experiences to continue advancing the hobby.
“The new tools and technology that we’re designing and investing in are incredibly exciting,” said Chief Product Officer Ryan Hoge. “From leveraging machine learning to help better predict the value of collectibles to developing tools to improve the grading process, the work Collectors is doing is helping move the hobby and business into the future. We’re excited to add more members to our growing team!”
The new Seattle office is located at 2033 6th Avenue in the heart of the Denny Triangle neighborhood. The company plans to fill positions, including designers, software engineers and product managers. To learn more or apply, visit www.collectors.com/careers.