HOBOKEN, NJ—Jet.com, the latest e-commerce venture led by Internet entrepreneur Marc Lore, has signed a 40,000-square-foot office lease with Waterfront Corporate Center III, the third and final building within SJP's high-performance, mixed-use business complex in Hoboken, NJ. SJP recently completed construction on the 14-story, 500,000-square-foot building, designed as New Jersey's only waterfront LEED Silver-certified office and retail tower.
Jet is the latest brainchild of Lore, co-founder of Diapers.com and parent company Quidsi. Jet, a new online shopping site, is slated to launch in 2015. The company will bring a significant number of new jobs to Hoboken.
Scott Peck, SIOR and Brian Wilson of Resource Realty represented Jet in the transaction; SJP was represented in-house.
“To welcome such a dynamic, ambitious technology-based company to Waterfront Corporate Center III is truly exciting,” says Steven J. Pozycki, CEO of SJP Properties. “It is a testament to the world-class environment that we have created in one of America's great job centers, where companies can access the highest quality workspace within steps of transportation, entertainment and blossoming culture.”
“Hoboken was naturally the best location for our headquarters,” says Lore. “The city's growing tech scene and proximity to the amazing talent that the New York metro area offers makes this the prime location for our growing company. We're very excited about not only our new office space, but also the opportunity to contribute to this community."
“This space was a natural fit for Jet's headquarters,” says Peck. “Our team spent an extensive amount of time searching for a location that was a transit hub and could attract the talent needed for an e-commerce venture of this magnitude. The Waterfront Corporate Center in Hoboken quickly stood out as the perfect fit for Jet.”
Situated within the heart of Hoboken's master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is one of the city's most successful mixed-use developments. 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.
Several high-caliber corporations call the Waterfront Corporate Center complex home, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma.
The complex houses an on-site, state-of-the-art fitness center, Crunch; the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Waterfront Corporate Center is near downtown Hoboken's shopping, dining and entertainment options.
Learning company Pearson will occupy 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company.
SJP is currently marketing the building's available office space, consisting of approximately 240,000 square feet. The building will also feature an underground parking garage to provide direct covered access parking, as well as prime ground-level retail space.
SJP Properties currently has several developments under construction in New Jersey. SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in Fort Lee, NJ. The firm is also the build-to-suit developer and project manager for Prudential Financial's new headquarters along Broad Street in Newark, NJ., the first phase of which includes a 28-story, 750,000-square-foot class A office building designed to achieve LEED certification.
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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].
