HOBOKEN, NJ—Global digital and print publisherJohn Wiley & Sons Inc. has signed a 15-yearlease for 386,407 square feet of office space at 111 RiverStreet in Hoboken, in a transaction brokered bySavills Studley.

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The 550,000 square-foot office building offers world-classoffice space and ground level retail. The new lease, originally setto expire in 2017, now extends until March 2033. SavillsStudley's executive vice president David J.Goldstein, chairman and CEO Mitchell S.Steir, executive vice president Matthew P.Barlow, senior managing director Daniel M.Foley, and senior managing director JasonPerla represented the tenant in the long-term transaction,while David Hollander, Greg Tosko and NickHilton of CBRE represented the landlord,a subsidiary of Equity Commonwealth.

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111 River Street is one of New JerseyWaterfront's most visible and accessible addresses with dramaticviews of lower Manhattan, the Hudson River and the New YorkHarbor,” says Goldstein. "This transactionreaffirms the strength of Hoboken's office market, as well asWiley's commitment to the dynamic city of Hobokenand the state of New Jersey.”

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As one of the early pioneers to the city's waterfront officemarket, Wiley relocated its corporate headquartersfrom 605 Third Avenue in Manhattan to 111River Street in July 2002. According toBarlow, following an extensive search throughoutNew York City and New Jersey, the company believes that maintainingits offices in Hoboken will best enable them to continue to providebest in-class services to their customers and partners. “Thiscommitment reflects Wiley's confidence in theNorthern New Jersey market and its future as a hub for business,residents, and visitors alike,” Barlow says.

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Flexible lease terms, as well as unparalleled access totransportation, including direct access to the PATH, NJ Transit andferries, helped solidify the decision.

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“Our team at Savills Studley successfully negotiated expansionand contraction rights at competitive lease rates to accommodateWiley's projected growth over the next 15 years,” saysFoley.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].