HOBOKEN, NJ–SJP Properties has signed Regus Office Centers to a 40,000-square-foot lease for the entire ninth floor of 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.

As a leading provider of fully equipped office suites, Regus offers its dynamic co-working spaces to corporations – both large and small alike – across the country. The company's lease at Waterfront Corporate Center III marks its first location in Hoboken, providing companies that are seeking to establish a presence in the thriving Hudson waterfront community with a prestigious office address, while maintaining the flexible and cost-efficient work style that Regus accommodates.

Waterfront Corporate Center's tenants will be able to rent Regus conference facilities on a per diem basis.

Derek DeMartino of Jones Lang LaSalle represented Regus in the transaction; Peter Bronsnick, senior vice president of SJP Properties, represented SJP in-house. Through its PR firm, SJP declined to disclose the dollar value of the Regus lease.

“As a renowned provider of state-of-the-art collaborative workspaces, Regus' presence at Waterfront Corporate Center III will offer a diverse range of businesses – whether they be established corporations, start-ups or entrepreneurs – with a unique opportunity to occupy flexible space in Hoboken's most advanced office complex,” says Steven J. Pozycki, CEO of SJP Properties. “This lease further demonstrates Waterfront Corporate Center's enormous appeal within one of the most highly sought-after live-play-work communities in the region, amplified by the complex's top-of-the-line amenities.”

As the newest tenant of the Waterfront Corporate Center complex. Regus joins a prestigious roster of leading-edge companies, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma. Learning company Pearson occupies 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, which was developed in partnership with USAA Real Estate Company. In addition, e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com – is moving into 40,000 square feet at the building.

Situated within the heart of Hoboken's master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center's 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.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Earlier this year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex's retail space. Additionally, Waterfront Corporate Center is near Hoboken's renowned shopping, dining and entertainment options, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken's 24/7 lifestyle and walkable amenities.

Instant Insights /

Regus Signs 40K SF Lease at Waterfront Corporate Center III

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