JLL completes 13,600-SF lease in Hoboken

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JLL said Sept. 27 it recently completed a 15-year, 13,588-square-foot lease for Cresthill Academy on behalf of SJP Properties at Waterfront Corporate Center II in Hoboken.

Senior Vice President Marta Villa represented the landlord, SJP Properties, and Senior Associate Blake Shanaphy represented the tenant, Cresthill Academy, in the transaction.

Cresthill Academy offers fresh organic meals and snacks made by its affiliate catering company, Purely Plated Organic, and provides Mandarin Chinese, Spanish and sign language classes starting at infancy.

Located at 121 River St., Waterfront Corporate Center II is a 520,000-square-foot, Class-A office and retail building featuring floor-to-ceiling glass windows with vast New York City and Hudson River views.

The property is part of a three-building waterfront complex developed by SJP Properties that comprises 1.5 million total square feet of headquarters-quality commercial space. Surrounded by restaurants and shops, the complex sits adjacent to the W Hoboken Hotel and is just steps from Hoboken Terminal’s New Jersey Transit, PATH, NY Waterway Ferry and Light Rail connections.

“Waterfront Corporate Center II is the perfect solution for Cresthill Academy, providing ample space in a dynamic location with direct connectivity to Manhattan and all of New Jersey,” said Villa. “Waterfront Corporate Center II provides superior quality space amid abundant neighborhood amenities.”

In addition to Cresthill Academy, Waterfront Corporate Center houses on-site, state-of-the-art fitness center Crunch Fitness, as well as Del Frisco’s Grille, Wicked Wolf restaurant and Gregorys Coffee, among other retailers. The complex’s office tenants – which include EY, Marsh & McLennan, Newell Brands, Walmart and Pearson – benefit from proximity to downtown Hoboken’s renowned amenities, as well as two piers that have been converted into water-surrounded recreational parks and a tree-lined boulevard.

“With unmatched access to public transportation, and so many neighborhood amenities and services in the immediate vicinity, Waterfront Corporate Center is ideal for Cresthill, which does the Hoboken community a great service by offering exceptional daycare and early education for area families,” said Alexander Erdos, senior vice president – Leasing & Marketing at SJP Properties. “Hoboken remains one of the Hudson River waterfront’s most sought-after submarkets, and we’re proud to continue our track record in this market of leasing to community-enhancing companies and businesses seeking exceptional space for their employees, clients and customers.”