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Deals & Dealmakers

Accounting firm Ernst & Young takes 168,000 s/f in Hoboken office center

SJP Properties announced that EY, formerly Ernst & Young, has signed a new lease for 168,000 square feet of office space at the best-in-class, mixed-use office and retail complex.

The global accounting firm is expected to take occupancy of its space in Waterfront Corporate Center II in June 2017. As part of the transaction, EY will be relocating a portion of its New York City operations to Hoboken.

The CBRE team of Michael Geoghegan, Craig Reicher, Glenn Dyke, Joan Meixner and Nick Hilton represented EY in the transaction. SJP Properties was represented in-house by Executive Vice President Jeff Schotz and Senior Vice President Peter Bronsnick.

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.

“Waterfront Corporate Center offers state-of-the-art infrastructure and amenities, and unparalleled access to mass transit and Hoboken’s renowned downtown, providing companies with a world-class business environment that supports productivity, recruitment and growth,” stated Steven J. Pozycki, CEO of SJP Properties. “When we developed the site of Waterfront Corporate Center, we knew that this would become the standard for Class A office and retail space along New Jersey’s Gold Coast, and we are extremely proud to have fully realized that vision.”

In addition to EY, Waterfront Corporate Center’s impressive tenant roster includes Jet.com, NICE Systems, Newell Rubbermaid, Thomson Reuters, Marsh & McLennan, RMS, Octapharma, Pearson Education, and workspace provider Regus.

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