HOBOKEN—Lt. Governor Kim Guadagno and other dignitaries joined Pearson’s Rich Glicini, senior vice president for people and social responsibility, and SJP Properties’ CEO Steven J. Pozycki, to announce a lease agreement to relocate New Jersey employees from Pearson to a new, state-of-the-art office building on Hoboken’s waterfront.
Pearson signed a lease for more than 200,000 sq. ft. at SJP Properties’ 500,000-sq.-ft. Waterfront Corporate Center III, the final site within Hoboken’s 26-acre waterfront, mixed-use master plan, and the last phase of SJP’s 1.5-million-sq.-ft., three-building office and retail complex.
Pearson will occupy five floors starting in 2014 and is relocating approximately 900 employees from its current offices in Upper Saddle River and Old Tappan.
As part of the development, SJP is constructing a 200-car underground garage for direct covered access parking, and tenants will be afforded access to a fitness center in the adjacent Waterfront Corporate Center II, among other amenities.
Richard Berzine and Robert DeAngelis of Richard Berzine & Company, along with Jones Lang LaSalle managing director Dan Loughlin, executive vice president James Montanari and vice president Aaron Ellison, represented Pearson in the transaction. SJP Properties was represented in house.