John Wiley & Sons Continues to Enjoy Benefits of Relocating to SJP Properties' Waterfront Corporate Center in Hoboken
By Mel Fabrikant Thursday, March 11, 2010, 11:55 AM EST
SJP Properties, one of the New York metropolitan area's most active development companies, has a long and distinguished history developing on the Hudson River waterfront. In Hoboken, SJP is responsible for the city's most successful mixed-use development, Waterfront Corporate Center, for which construction commenced in 2000. The project is currently comprised of more than one million square feet of world-class space, which is now home to such leading corporations as John Wiley & Sons, Marsh and McLennan, Sumitomo Trust and Banking, Mizuho Securities and Octapharma.
John Wiley & Sons President and CEO William J. Pesce had this to say about Waterfront Corporate Center: "New York City was the home of John Wiley & Sons for 197 years, so moving the company to New Jersey in 2002 was not an easy decision. I am happy to say that our relocation to Waterfront Corporate Center in Hoboken enhanced our business operations and provided significant, ongoing financial benefits, including lower occupancy costs and NJ State relocation incentives, which are being utilized to invest in our future. Beyond these financial advantages, the relocation provided significant quality of work life improvements, access to numerous world-class building amenities and the ability to attract highly educated, talented colleagues. I can state without hesitation that our relocation was a terrific decision."
At Waterfront Corporate Center II, SJP is currently marketing the last 33,000 square feet of available space. The high-quality space is comprised of 18,246 square feet on the 12th floor and 14,945 square feet on the 14th floor of the world-class office tower. Situated directly on the Hudson River and adjacent to historic Hoboken Terminal, Waterfront Corporate Center II offers outstanding amenities and a highly strategic location with immediate access to numerous mass transportation options and first-class hotel accommodations.
"Waterfront Corporate Center II offers tenants unobstructed New York City skyline views, world-class amenities and unparalleled value that continues to draw significant tenant interest," said Rocco Romeo, senior vice president of SJP Properties. "This mixed-use campus is situated in the heart of a dynamic and vibrant, 24/7 city offering the retail, hotel and housing amenities that today's corporate tenants require. Global corporations have discovered that Waterfront Corporate Center provides them with the value, amenities and smart technological infrastructure that not only enhance their bottom line efficiency, but also generate significant excitement and attraction among their employees."
Hoboken's waterfront is further enhanced by the Port Authority's investment of more than $80 million in infrastructure improvements along the river, evidenced by two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard. The 5-acre park at Pier A includes an open lawn area, fountain, tree grove, pavilion and amphitheater space for tenant use. The two-and-a-half acre park at Pier C features a playground as well as a promenade at its eastern edge with lawn areas and a fishing pier.
In addition to the existing availability at Waterfront Corporate Center II, SJP Properties is currently developing Waterfront Corporate Center III, a 520,000-square-foot, 14-story office and retail tower adjacent to Waterfront Corporate Center II. Waterfront Corporate Center III is the final phase to be developed on Hoboken's vibrant 26-acre waterfront, mixed-use master plan, and is the last phase of SJP's 1.5 million square foot office complex. The company announced in early February that the tower had been pre-qualified for the New Jersey Urban Transit Hub Tax Credit Program, which provides a significant tax credit against New Jersey Business Tax, Insurance Premium Tax and Gross Income Tax over a ten-year period for qualifying tenants relocating to Waterfront Corporate Center III.
The Waterfront Corporate Center office complex is within steps of the Hoboken terminal, which offers NJ Transit trains and buses, PATH service, light rail, ferries, and buses to New York City, and is within a few minutes drive to both the Holland and Lincoln Tunnels. Designed as the only New Jersey waterfront LEED Silver certified office development, Waterfront Corporate Center III boasts floor-to-ceiling glass that permits natural light to penetrate deep into the floor, and unparalleled New York City and Hudson River views, and incorporates flexible, highly efficient floor plates.
John Wiley & Sons President and CEO William J. Pesce had this to say about Waterfront Corporate Center: "New York City was the home of John Wiley & Sons for 197 years, so moving the company to New Jersey in 2002 was not an easy decision. I am happy to say that our relocation to Waterfront Corporate Center in Hoboken enhanced our business operations and provided significant, ongoing financial benefits, including lower occupancy costs and NJ State relocation incentives, which are being utilized to invest in our future. Beyond these financial advantages, the relocation provided significant quality of work life improvements, access to numerous world-class building amenities and the ability to attract highly educated, talented colleagues. I can state without hesitation that our relocation was a terrific decision."
At Waterfront Corporate Center II, SJP is currently marketing the last 33,000 square feet of available space. The high-quality space is comprised of 18,246 square feet on the 12th floor and 14,945 square feet on the 14th floor of the world-class office tower. Situated directly on the Hudson River and adjacent to historic Hoboken Terminal, Waterfront Corporate Center II offers outstanding amenities and a highly strategic location with immediate access to numerous mass transportation options and first-class hotel accommodations.
"Waterfront Corporate Center II offers tenants unobstructed New York City skyline views, world-class amenities and unparalleled value that continues to draw significant tenant interest," said Rocco Romeo, senior vice president of SJP Properties. "This mixed-use campus is situated in the heart of a dynamic and vibrant, 24/7 city offering the retail, hotel and housing amenities that today's corporate tenants require. Global corporations have discovered that Waterfront Corporate Center provides them with the value, amenities and smart technological infrastructure that not only enhance their bottom line efficiency, but also generate significant excitement and attraction among their employees."
Hoboken's waterfront is further enhanced by the Port Authority's investment of more than $80 million in infrastructure improvements along the river, evidenced by two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard. The 5-acre park at Pier A includes an open lawn area, fountain, tree grove, pavilion and amphitheater space for tenant use. The two-and-a-half acre park at Pier C features a playground as well as a promenade at its eastern edge with lawn areas and a fishing pier.
In addition to the existing availability at Waterfront Corporate Center II, SJP Properties is currently developing Waterfront Corporate Center III, a 520,000-square-foot, 14-story office and retail tower adjacent to Waterfront Corporate Center II. Waterfront Corporate Center III is the final phase to be developed on Hoboken's vibrant 26-acre waterfront, mixed-use master plan, and is the last phase of SJP's 1.5 million square foot office complex. The company announced in early February that the tower had been pre-qualified for the New Jersey Urban Transit Hub Tax Credit Program, which provides a significant tax credit against New Jersey Business Tax, Insurance Premium Tax and Gross Income Tax over a ten-year period for qualifying tenants relocating to Waterfront Corporate Center III.
The Waterfront Corporate Center office complex is within steps of the Hoboken terminal, which offers NJ Transit trains and buses, PATH service, light rail, ferries, and buses to New York City, and is within a few minutes drive to both the Holland and Lincoln Tunnels. Designed as the only New Jersey waterfront LEED Silver certified office development, Waterfront Corporate Center III boasts floor-to-ceiling glass that permits natural light to penetrate deep into the floor, and unparalleled New York City and Hudson River views, and incorporates flexible, highly efficient floor plates.
