Unilever leases 111,000 sq. ft. and Sumitomo adds 30,000 at SJP’s Class A Waterfront Corporate Center I in Hoboken

SJP inks one of Northern New Jersey’s largest office leases of the year

SJP Properties has just announced two major office leases at its Waterfront Corporate Center I in Hoboken, New Jersey. Waterfront Corporate Center is a premier office and retail development in Hoboken. It offers 1.5 million square feet of Class A space in three buildings along the city’s master-planned Hudson River waterfront.

Unilever

In one of the largest Northern New Jersey office leases of the year, Unilever, the world’s sixth largest consumer goods company, has selected SJP Properties’ Waterfront Corporate Center I for its U.S. Headquarters. The company has taken a 111,000-square-foot long-term lease for three full floors at the 111 River Street building.

SJP Project Solutions, a division of SJP Properties dedicated to end-to-end design and construction services, is serving as the project and construction manager and will provide a custom buildout for the tenant. Unilever will occupy the property in spring 2025.  

Unilever made a strategic decision to relocate their North American Headquarters to the New Jersey waterfront from Englewood Cliffs to gain a competitive edge in accessing the vast labor pool in New York City and the surrounding metro area while retaining existing talent with easy access to Bergen County. Strength of ownership, ability to execute a competitively priced, high-quality tenant buildout and best-in-class operations were significant factors in the company’s decision to relocate to 111 River Street. Further, Hoboken offers a walkable, safe, transit-oriented experience that tenants desire across all markets.

Alexander Erdos, senior vice president – Leasing and Development at SJP

Unilever will join the Waterfront Corporate Center tenant roster that includes other leading consumer goods companies such as Lipton, Walmart and Newell Brands.

CBRE represented Unilever in the transaction.

Sumitomo Mitsui Bank

Sumitomo Mitsui Bank, a leading chartered trust and banking company, has also signed a long-term lease for 30,000 square feet at Waterfront Corporate Center I, where Sumitomo staff recently settled into their new office space on the ninth floor.

The SJP Properties team is proud to support Sumitomo Mitsui Trust Bank in its move to the ninth floor of Waterfront Corporate Center I. This project exemplifies our commitment to delivering tailored solutions that meet the unique needs of our tenants. We are pleased to have facilitated this transition and are confident that the new space will provide Sumitomo with an environment that fosters both operational efficiency and continued growth. SJP is thrilled to continue its long-term relationship with Sumitomo.

Alexander Erdos, senior vice president – Leasing and Development.

Learn more about the Waterfront Corporate Center at SJP Properties.