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Deals & Dealmakers doubles occupancy at SJP’s Hoboken waterfront

SJP Properties announced that e-commerce venture has agreed to expand its headquarters at Waterfront Corporate Center III in Hoboken.

Jet will be commencing its build out that will double the size of its corporate offices by an additional 40,000 s/f, for a total of 80,000 square feet. T

he third and final building within SJP’s mixed-use business center, Waterfront Corporate Center III was developed by SJP in partnership with USAA Real Estate Company, and recently achieved LEED Gold certification from the U.S. Green Building Council.

Jet is the latest e-commerce venture led by Marc Lore, former CEO and co-founder of and parent company Quidsi. Jet launched in July 2015, bringing a significant number of jobs to Hoboken.

Scott Peck, SIOR and Brian Wilson of Resource Realty represented Jet in its expansion. SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

“We’re excited to continue working with SJP Properties to expand Jet’s space on the Hoboken waterfront,” said Marc Lore.

“We have an innovative, tech-focused office that is helping lead the Hoboken tech community. SJP has also been supportive of our commitment to being cost efficient and smart with how we expand our footprint in phases that reflect our growth as a company.”

Steven J. Pozycki, CEO of SJP Properties noted that Jet’s growth at the waterfront center III follows NICE Systems’ decision to relocate there.

“We have created an environment here in Hoboken where businesses can flourish in world-class office facilities without sacrificing access to transportation, amenities and commerce,” added Pozycki.

Situated within 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.

In addition to Jet and NICE Systems, tenants include Marsh & McLennan, Thomson Reuters, RMS and Octapharma. Pearson Education occupies 200,000 s/f as the lead tenant of Waterfront Corporate Center III, which also houses collaborative workspace provider Regus.

Additionally, Del Frisco’s Restaurant Group recently opened its popular Del Frisco’s Grille at Waterfront Corporate Center III.

The complex houses an on-site fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank.

Last year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space.  SJP is currently marketing Waterfront Corporate Center III’s available office space in the tower floors of the building.

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