Unilever Leases 111,000 Square Feet for its U.S. Headquarters at SJP’s Waterfront Corporate Center I in Hoboken
SJP Inks One of Northern New Jersey’s Largest Office Leases of the Year
Hoboken, NJ August 2024 – In one of the largest Northern New Jersey office leases of the year, Unilever (NYSE: UL), the world’s sixth largest consumer goods company, has selected SJP Properties’ Waterfront Corporate Center I in Hoboken, New Jersey for its U.S. Headquarters. The company has taken a 111,000-square-foot long-term lease for three full floors at the 111 River Street building. Waterfront Corporate Center is the premier office and retail development in Hoboken. It offers 1.5 million square feet of Class A space in three buildings along the city’s master-planned Hudson River waterfront.
SJP Project Solutions, a division of SJP Properties dedicated to end-to-end design and construction services, is serving as the project and construction manager and will provide a custom buildout for the tenant. Unilever will occupy the property in spring 2025.
“Unilever made a strategic decision to relocate their North American Headquarters to the New Jersey waterfront from Englewood Cliffs to gain a competitive edge in accessing the vast labor pool in New York City and the surrounding metro area while retaining existing talent with easy access to Bergen County,” said Alexander Erdos, Senior Vice President – Leasing and Development at SJP. “Strength of ownership, ability to execute a competitively priced, high-quality tenant buildout and best-in-class operations were significant factors in the company’s decision to relocate to 111 River Street. Further, Hoboken offers a walkable, safe, transit-oriented experience that tenants desire across all markets.”
Unilever will join the Waterfront Corporate Center tenant roster that includes other leading consumer goods companies such as Lipton, Walmart, and Newell Brands.
CBRE represented Unilever in the transaction.
About Unilever
Unilever is one of the world’s leading suppliers of Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream products, with sales in over 190 countries and products used by 3.4 billion people every day. The company has 127,000 employees and generated sales of €59.6 billion (approximately $77 billion) in 2023. Its leading brands in North America include Dove, Hellmann’s, Vaseline, Degree, Axe, TRESemmé, Knorr, Magnum, Ben & Jerry’s, Nutrafol, Liquid I.V., Paula’s Choice, and Dermalogica.
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 buildouts. 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 buildouts 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.
