HOBOKEN—Office space management company Regus Office Centers has signed a lease for 40,000 square feet in Waterfront Corporate Center III, the final stage of Hoboken’s South Waterfront Redevelopment Area, according to a press release from SJP Properties, the building’s developer.
Regus will operate the eighth floor of the 14-story Waterfront Corporate Center III as a large co-working space, in which individual businesses can rent out fully furnished suites and conference rooms on a monthly or even daily basis.
Regus joins a miniature renaissance for co-working in Hoboken. In January, Mission 50 Workspaces won a $556,000 state loan to expand its current 3,000-square-foot space in southwest Hoboken to a 13,000-square-foot facility closer mass transit.
“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,” said 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.”
In Waterfront Corporate Center III, Regus will join such tenants as Crunch Fitness gym, the Wicked Wolf restaurant, Jos A. Bank, and childcare learning center Kiddie Academy, which signed a lease for 13,600 square feet earlier this year.
Derek DeMartino of Jones Lang LaSalle represented Regus in the deal, according to the release. Peter Bronsnick, senior vice president of SJP Properties, represented SJP in-house. The dollar value of the lease was not disclosed.
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