SJP Properties Achieves LEED® Gold Certification at Waterfront Corporate Center III

Hoboken, N.J. – SJP Properties, one of the New York Metropolitan Area’s most active development companies, today announced that it has achieved the Leadership in Energy and Environmental Design (LEED) Gold certification from the U.S. Green Building Council (USGBC) at Waterfront Corporate Center III. The development is the third and final building within SJP’s premier, Class A mixed-use business complex in Hoboken, N.J.

A 14-story, 500,000-square-foot building, Waterfront Corporate Center III is New Jersey’s only waterfront LEED Gold-certified office and retail building. The tower, built by SJP Properties in partnership with USAA Real Estate Company, is home to leading learning company Pearson, which occupies 200,000 square feet as the lead tenant. Other premier tenants include e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com – and office suite provider Regus, which each occupy 40,000 square feet. In the building’s ground-floor retail space, Del Frisco’s Restaurant Group recently signed a lease to open its popular Del Frisco’s Grille.

“Throughout the development process, it was a priority for us to utilize the latest green technologies available to ensure that Waterfront Corporate Center III would meet the highest standards for world-class office and retail space for our tenants,” commented Steven J. Pozycki, Founder and CEO of SJP Properties. “This building is a continuation of our proud legacy delivering best-in-class, high-performance and energy-efficient buildings to the New York Metropolitan Area market.”

In order to achieve LEED certification –USGBC’s nationally accepted benchmark for the design, construction and operation of high-performance green buildings —SJP incorporated energy-efficiency and air quality control features throughout Waterfront Corporate Center III to provide a healthier and more sustainable work environment for tenants. In addition, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors.

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.

Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the buildings offers unobstructed views of New York City and the Hudson River. Adding to its comprehensive roster of amenities, the building will feature an underground parking garage, providing tenants with direct covered parking access.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate 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 office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. 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, retail and hotel properties as well as investments in real estate operating companies. RealCo is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.