SJP Properties and David Werner Real Estate Investments Acquire Waterfront Corporate Center I in Hoboken

With buyback of premier office and retail building, SJP once again controls the entire three-building, 1.5M-SF Waterfront Corporate Center complex

SJP Properties and David Werner Real Estate Investments Acquire Waterfront Corporate Center I in Hoboken

Hoboken, N.J. – A partnership of SJP Properties, David Werner Real Estate Investments and Jeremy Rieder’s Onyx Partners LLC announced today that it has acquired Waterfront Corporate Center I, a 14-story, headquarters-quality office and retail building along Hoboken’s Hudson River waterfront, from Veris Residential, formerly Mack-Cali. The building is part of a three-building, 1.5 million-square-foot office and retail complex that was developed by SJP Properties between 2002 to 2014 — with the buyback of Waterfront Corporate Center I, SJP once again owns and manages the entirety of Waterfront Corporate Center. 

With a premier waterfront location that offers direct access to multiple transit modes and walkability in the vibrant Hoboken neighborhood, Waterfront Corporate Center provides some of the best access to labor in the Tri-State area, along with high-performance, efficient workspace; and a best-in-class tenant experience resulting from SJPs’ concierge-style services. The complex reflects SJP’s decades-long commitment to creating attractive, inspiring workplaces that integrate meaningful technology and sustainability measures to improve the employee experience.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center l is just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections and sits adjacent to the W Hoboken Hotel. 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.

“What’s really exciting is that this is the first time since the completion and initial lease up of Waterfront Corporate Center that a 100,000-square-foot block of space has been available on a direct basis in any of the 1.5 million-square-foot complex’s three buildings. This represents a tremendous opportunity for a company to establish a meaningful presence in Hoboken, which remains one of the top performing markets in the region by virtue of its exceptional transit access and vibrant, 24/7 lifestyle,” stated Steve Pozycki, Founder and CEO of SJP Properties. “When you consider the market’s renewed focus on outdoor space, having direct access to the  entire Hoboken waterfront just steps from the lobby is a huge selling point. Companies are demanding our brand of best-in-class property management — an important offering to their current and prospective workforce as they return to the office — and we know this space is going to lease quickly.”

Waterfront Corporate Center III has achieved LEED Gold certification — making it the only commercial asset on the New Jersey waterfront to do so — through the incorporation of energy-efficiency and air quality controls that enable healthy, light-filled environments for people to work and collaborate. The building is also WiredScore Gold certified. 

Waterfront Corporate Center I currently has 100,000 square feet of office space available for lease across two floors, while the building’s retail space is fully leased. Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties, is serving as SJP’s in-house leasing agent for Waterfront Corporate Center I. Office space within Waterfront Corporate Center II and III is fully leased.

The complex is currently home to leading corporations such as EY, Marsh & McLennan, Newell Brands, Walmart, RMS, Pearson, and Wiley, and houses an on-site, state-of-the-art fitness center, Crunch Fitness; as well as Del Frisco’s Grille; Wicked Wolf restaurant; Jos A. Bank; 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 three 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.

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