SJP Properties Signs 40,000-Square-Foot Office Lease with Jet.com at Waterfront Corporate Center III

HOBOKEN, N.J. – SJP Properties today announced a new 40,000-square-foot office lease with Jet at Waterfront Corporate Center III, the third and final building within SJP’s high-performance, mixed-use business complex in Hoboken, N.J.  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.  

Jet is the latest e-commerce venture led by Marc Lore, former CEO and co-founder of Diapers.com and parent company Quidsi. Jet, which promises to be the most brilliant way to shop online, is slated to launch in 2015. With headquarters at Waterfront Corporate Center III, the company will bring a significant number of new jobs to Hoboken.

Scott Peck, SIOR and Brian Wilson of Resource Realty represented Jet in the transaction; SJP was represented in-house. 

“To welcome such a dynamic, ambitious technology-based company to Waterfront Corporate Center III is truly exciting,” said Steven J. Pozycki, CEO of SJP Properties. “It is a testament to the world-class environment that we have created in one of America’s great job centers, where companies can access the highest quality workspace within steps of transportation, entertainment and blossoming culture.”
 
“Hoboken was naturally the best location for our headquarters,” said Marc Lore, CEO of Jet. “The city’s growing tech scene and proximity to the amazing talent that the New York metro area offers makes this the prime location for our growing company. We’re very excited about not only our new office space, but also the opportunity to contribute to this community.”

Peck commented, “This space was a natural fit for Jet’s headquarters. Our team spent an extensive amount of time searching for a location that was a transit hub and could attract the talent needed for an e-commerce venture of this magnitude. The Waterfront Corporate Center in Hoboken quickly stood out as the perfect fit for Jet.”

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.

Several high-caliber corporations call the Waterfront Corporate Center complex home, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma.

The complex houses an on-site, state-of-the-art fitness center, Crunch, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options.

Learning company Pearson will occupy 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company. 
 
SJP is currently marketing the building’s available office space, consisting of approximately 240,000 square feet. The building will also feature an underground parking garage to provide direct covered access parking, as well as prime ground-level retail space.
 
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.

The waterfront neighborhood where Waterfront Corporate Center is located features two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several developments under construction in New Jersey. In addition to Waterfront Corporate Center III, SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in 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.