SJP Properties Signs 40,000-Square-Foot Office Lease with Regus at Waterfront Corporate Center III
Leading Office Suite Provider to Establish First Location in Hoboken, N.J.
As a leading provider of fully equipped office suites, Regus offers its dynamic co-working spaces to corporations – both large and small alike – across the country. The company’s lease at Waterfront Corporate Center III marks its first location in Hoboken, providing companies that are seeking to establish a presence in the thriving Hudson waterfront community with a prestigious office address, while maintaining the flexible and cost-efficient work style that Regus accommodates.
Derek DeMartino of JLL represented Regus in the transaction; Peter Bronsnick, Senior Vice President of SJP Properties, represented SJP in-house.
“As a renowned provider of state-of-the-art collaborative workspaces, Regus’ presence at Waterfront Corporate Center III will offer a diverse range of businesses – whether they be established corporations, start-ups or entrepreneurs – with a unique opportunity to occupy flexible space in Hoboken’s most advanced office complex,” said Steven J. Pozycki, CEO of SJP Properties. “This lease further demonstrates Waterfront Corporate Center’s enormous appeal within one of the most highly sought-after live-play-work communities in the region, amplified by the complex’s top-of-the-line amenities.”
As the newest tenant of the Waterfront Corporate Center complex. Regus joins a prestigious roster of leading-edge companies, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma. Learning company Pearson occupies 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, which was developed in partnership with USAA Real Estate Company. In addition, e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com – is moving into 40,000 square feet at the building.
Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.
The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Earlier this year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle and walkable amenities.
Adding to the property’s extensive list of services, Regus itself will serve as an amenity for Waterfront Corporate Center’s tenants, which will be able to rent the company’s conference facilities on a per diem basis.
SJP is currently marketing Waterfront Corporate Center III’s available office space in the tower floors of the building.
Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants. Additionally, the building will feature an underground parking garage, providing tenants with direct covered parking access.
As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several new developments in New Jersey, including The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of downtown Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.
About SJP Properties
Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of Class A commercial and luxury residential developments in the New York Metropolitan region. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through development and property leasing and management. The company is also a recognized leader in the development of build-to-suit mixed-use developments on behalf of a long-list of leading corporations, including Prudential, Panasonic, BMW, Sanofi, Tiffany’s and Bayer.
For more than 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget, while generating returns that exceed expectations for its investors. The company’s leadership has established trusted, longstanding relationships with many of the industry’s leading investors and financial institutions, which have invested repeatedly alongside SJP throughout its history. For more information, please call 212-335-2200 or visit www.sjpproperties.com.
About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investment in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.