Sumitomo Mitsui Bank
Banking / Financial

Sumitomo Bank Takes 30K-SF at Hoboken’s Waterfront Corporate Center I

Sumitomo Mitsui Bank, a chartered trust and banking company, has signed a long-term lease for 30,000 square feet at Waterfront Corporate Center I, an office property owned and managed by SJP Properties in Hoboken. Sumitomo recently settled into its new office space on the ninth floor.

Waterfront Corporate Center I offers Sumitomo direct access to Hoboken Transit Terminal as well as access to the PATH and New York Waterway Ferry. Having previously occupied space within the building, Sumitomo recognized the strategic advantage of maintaining its Waterfront Corporate Center address when it elected to maximize functionality and modernize its office with a new custom installation at the property. SJP Project Solutions served as project and construction manager for the buildout of Sumitomo’s new office, ensuring the space met the company’s needs and specifications.

Harrison Russell, managing director at Newmark, led the negotiations for Sumitomo. “Having previously leased at Waterfront Corporate Center I, Sumitomo was satisfied with the property as its ideal strategic location and simply wanted to relocate within the same building for a seamless transition,” said Russell. “The company is pleased with its move within the building and is confident that this new space will provide the ideal environment for operational continuity.”

“The SJP Properties team is proud to support Sumitomo Mitsui Trust Bank in its move to the ninth floor of Waterfront Corporate Center I,” said Alexander Erdos, senior vice president – leasing and development. “This project exemplifies our commitment to delivering tailored solutions that meet the unique needs of our tenants. We are pleased to have facilitated this transition and are confident that the new space will provide Sumitomo with an environment that fosters both operational efficiency and continued growth. SJP is thrilled to continue its long-term relationship with Sumitomo.”

Sumitomo Mitsui Trust Bank was originally established in 1987 as a New York State chartered trust and banking company, insured by the Federal Deposit Insurance Corporation. SMTBUSA is a wholly owned subsidiary of The Sumitomo Mitsui Trust Bank, Limited of Japan, which is one of Japan’s major trust banks. In May 2002, SMTBUSA relocated its office to New Jersey and became a New Jersey State chartered trust and banking company, insured by the Federal Deposit Insurance Corporation.

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