SJP Signs 40,000-SF Lease with Regus at WCC III

On Apr 1, 2015

SJP Properties announces a new 40,000-square-foot office lease with Regus for the entire ninth floor of Waterfront Corporate Center III, the third and final building within SJP’s high-performance, mixed-use business complex in Hoboken. SJP recently completed construction on the 14-story, 500,000-square-foot building, designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail tower.

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.

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