SJP Properties Signs Lease with Del Frisco’s Restaurant Group 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 signed a lease with Del Frisco’s Restaurant Group to open its popular Del Frisco’s Grille, an upscale modern American bar and grill, in Hoboken, N.J.  Del Frisco’s Grille will occupy approximately 9,000 square feet of picturesque waterfront space along Sinatra Drive at Waterfront Corporate Center III, the third and final building within SJP’s premier, Class A mixed-use business complex. SJP is currently marketing Waterfront Corporate Center III’s available office space in the tower floors.

Del Frisco’s Grille takes the classic American bar and grill concept to refreshing new heights, drawing inspiration from bold flavors and market-fresh ingredients. From the interior design and seating to the exciting food and signature cocktails, this new hot spot is built for creating incredible experiences. The Grille chefs dish up creative twists on American comfort classics and includes regional favorites using locally sourced ingredients and features the finest local flavors.  This location also offers a wraparound patio, open island style bar and private dining for 40 people to maximize the complex’s stunning views of New York City and the Hudson River.

Ted Speros of ATS Realty and Wayne Kasbar of Silbert Realty represented Del Frisco’s Restaurant Group in the transaction, while SJP was represented in-house by Senior Vice President Peter Bronsnick.

“The Del Frisco’s brand aptly represents the world-class commercial environment that we’ve created at Waterfront Corporate Center,” said Steven J. Pozycki, CEO of SJP Properties. “The restaurant promises to be one of Hoboken’s hot spots for lunch, dinner and Sunday brunch. We believe Del Frisco’s Grille will be a very attractive destination not only for the complex’s tenants, but also for the greater Hoboken community and regionally throughout northern New Jersey.”

Del Frisco’s Restaurant Group, which also operates Sullivan’s Steakhouse and Del Frisco’s Double Eagle Steakhouse, selected the site after a rigorous search for high-grade space in the New York Metropolitan Area. The opportunity to occupy newly constructed space within the last commercial development site along Hoboken’s waterfront, as well as the connectivity to multiple mass transit options and strong demographics afforded by the location, were key factors in the group’s decision to open a new location at Waterfront Corporate Center III.

“In Hoboken, where competition for waterfront retail and office space is fierce, it’s extremely rare to have the opportunity to occupy a brand new Class A ground floor retail space with such spectacular views,” added Pozycki.

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. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options, as well as 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 and walkable amenities.

Waterfront Corporate Center III is a 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 building. Leading learning company Pearson occupies 200,000 square feet as the lead tenant of the building, which was developed in partnership with USAA Real Estate Company. In addition, e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com – as well as office suite provider Regus have each leased 40,000 square feet of office space at the building.

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. Additionally, the building will feature an underground parking garage, providing tenants with direct covered parking access.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several new developments in New Jersey, including The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of downtown 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.

 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 973-299-9117 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.