Faropoint is taking up residence at Waterfront Corporate Center I in Hoboken.

Cushman & Wakefield said Feb. 24 it arranged a 18,603-square-foot lease for the data-driven industrial real estate asset manager on the 10th floor of 111 River St. Executive Director David DeMatteis and Senior Director Mina Shehata represented the tenant in the transaction.

At 14 stories and 566,215 square feet, Waterfront Corporate Center I features both office and retail space and is part of an overall three-building, 1.5 million-square-foot complex.

According to DeMatteis, the site was “a perfect fit for Faropoint as they continue to expand their New Jersey footprint.”

Faropoint, which was also previously based in Hoboken, most recently added the 151,000-square-foot home of Marcolin USA in Branchburg to its portfolio. According to the company, it’s acquired more than 400 warehouses since its founding in 2012.

Waterfront Corporate Center I features on-site dining options, a fitness center and 180-degree views of the New York City skyline.

“Situated on the Hoboken waterfront, the property provides exceptional Hoboken terminal transit access along with high-performing and efficient workspace,” DeMatteis said of the Class A building.

Last year, SJP Properties, which developed the three-building Waterfront Corporate Center, returned to full ownership of the complex when it, in a partnership with David Werner Real Estate Investments, acquired Waterfront Corporate Center I for approximately $210 million.

Near downtown Hoboken, the property is a short drive from the Holland and Lincoln tunnels and the New Jersey Turnpike.