SJP Properties Signs Lease With Wonder For 3,700 Square Feet Of Retail Space At Waterfront Corporate Center III In Hoboken, N.J.

July 24, 2023 | Press Release

HOBOKEN, N.J. – SJP Properties has inked a deal with Wonder, a Marc Lore-founded company redefining the food industry through vertically-integrated, next-generation restaurants, for 3,700 square feet of retail space at Waterfront Corporate Center III, part of a three-building,1.5 million square foot office and retail complex that SJP developed in Hoboken between 2002 and 2014. Signifying its first Gold Coast location, Wonder will open the doors to its newest location later this year.

Wonder is pioneering a new category of “Fast Fine” dining, featuring a collection of restaurants that are all vertically-integrated and owned by Wonder. This includes exclusive menus from world-renowned chefs like Bobby Flay, Marc Murphy, Jose Andres, Marcus Samuelsson and more, along with award-winning restaurants from across the country including Tejas Barbeque, Di Fara Pizza, Barrio Cafe and more, all available via delivery, pickup and dine-in options.

“Nearly every company we work with is focused on providing new, high-end and diverse dining options for their people,” said Alexander Erdos, SVP of Leasing & Marketing at SJP Properties. “Wonder is growing in key markets, and we believe their arrival in Hoboken at Waterfront Corporate Center will be a wonderful amenity, further enhancing the tenant experience and the surrounding community.”

JP Pirraglia of Ripco Real Estate facilitated the lease transaction on behalf of Wonder, while Marta Villa of CBRE represented SJP Properties.

“Hoboken is such a lively, dynamic and diverse city, and we’re excited to be a part of the community,” said Andrew Gasper, Chief Governance Officer at Wonder. “As Wonder continues to expand and open new locations across New Jersey and New York, Hoboken was a natural next step for us. With such close proximity to the river walkway, we expect to see a significant amount of walk-in customers, in addition to the regular cadence of delivery customers we see at our locations in Westfield, New Jersey and the Upper West Side of Manhattan. We are excited to become both a lunch and dinner staple within the Hoboken community where residents can enjoy world-class cuisine from chefs such as Bobby Flay, Marc Murphy and Michael Symon, as well as everyday favorites like Fred’s Meat & Bread and Limesalt Mexican, right in their backyard.”

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center sits adjacent to the W Hoboken Hotel and is just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections for easy access from NJ suburbs and Manhattan. The property also offers immediate access to on-site parking for commuters traveling by car and is just a short drive from both the Holland and Lincoln tunnels.

The complex is currently home to leading corporations such as EY, DraftKings, Newell Brands, Walmart, RMS, and Pearson, and houses an on-site, state-of-the-art fitness center, Crunch Fitness; as well as Del Frisco’s Grille; Wicked Wolf restaurant; The Lola; FedEx; Chase Bank; Cresthill Academy; and Gregory’s Coffee. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned amenities, as well as immediate access to 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.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial, residential, and industrial real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. Following successful industrial build-outs in the Tri-state area, SJP is expanding its warehousing portfolio across the Eastern Seaboard, most recently with an approximately seven-million-square-foot industrial development strategically located near the Port of Savannah.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Wonder

Wonder is pioneering a new category of “Fast Fine” dining, featuring a collection of delivery-first restaurants that are all vertically-integrated and owned by Wonder. This includes exclusive menus from world-renowned chefs like Bobby Flay, Marc Murphy, Jose Andres, Nancy Silverton, Marcus Samuelsson and more, along with award-winning restaurants from across the country including Tejas Barbeque, Di Fara Pizza, Barrio Cafe and more.