The Wiley and Sumitomo deals combine to push the 550,000-sf first tower to the 80% committed level. "Based on the interest we have received and our current activity, we expect to have the first phase leased up in the next few months," according to Mary Ann Tighe, vice chairman of Insignia/ESG and leader of the leasing team representing SJP on the property. "Then we will focus our attention on marketing phase two."
Sumitomo, which was represented by John Cefaly of Cushman & Wakefield in the transaction, will use the space as a new regional office. An estimated 200 employees will be moved to the location, with a first-quarter 2002 move-in expected.
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