32 — September 2024 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern N ew J ersey
Russell of Newmark leads negotiations for lessee Sumitomo selects SJP Properties’ Waterfront Corporate Center I for 30,000 s/f of fice
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stallation at the property. SJP Project Solutions served as proj - ect and construction manager for the buildout of Sumitomo’s new office, ensuring the space met the company’s needs and specifications. Harrison Russell , manag - ing director at Newmark , led the negotiations for Sumitomo. “Having previously leased at Waterfront Corporate Center I, Sumitomo was satisfied with the property as its ideal strate - gic location and simply wanted to relocate within the same building for a seamless transi - tion,” said Russell. “The com - pany is pleased with its move
within the building and is con - fident that this new space will provide the ideal environment for operational continuity.” “The SJP Properties team is proud to support Sumitomo Mitsui Trust Bank in its move to the ninth floor of Waterfront Corporate Center I,” said Alexander Erdos , senior vice president – leasing and development. “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 effi - ciency and continued growth. SJP is thrilled to continue its long-term relationship with Sumitomo.” MAREJ CBRE brokers 29,782 s/f lease at 95 Greene St. in Jersey City, NJ IAVI signs 29,782 s/f lease JERSEY CITY, NJ — IAVI inked a 29,782 s/f lease at 95 Greene St. in Jersey City. The nonprofit biotech will relocate its Vaccine Design and Devel - opment Lab (DDL) from the Brooklyn Army Terminal to 95 Greene St. in Jersey City, a lab-ready, 350,000 s/f life sciences building. IAVI is represented region - ally by a CBRE team of John Isaacs, Joseph DeRosa, Conor Dolan , and others. “The DDL team looks for - ward to joining the vibrant life sciences community at 95 Greene Str.,” said Christo - pher L. Parks, Ph.D., associ - ate VP of Viral Vaccines and head of the IAVI DDL. “This upgraded, fit-for-purpose lab space is tailored to the DDL’s unique infrastructure needs as a leader in vaccine R&D and in global health research. We are poised to strengthen connec - tions and accelerate progress with partners across the New York and New Jersey life sci - ences communities with our new footprint in Jersey City.”
OBOKEN, NJ — Sumitomo Mitsui Bank, a chartered
trust and banking company, has signed a long-term lease for 30,000 s/f at Waterfront Corporate Center I, a premier office property owned and managed by SJP Proper - ties in Hoboken, New Jersey. Sumitomo recently settled into their new office space on the ninth floor. Waterfront Corporate Center I offers Sumitomo a desirable location with direct access to Hoboken Transit Terminal as well as access to the PATH and NY Waterway Ferry. Hav -
Waterfront Corporate Center I
ing previously occupied space within the building, Sumitomo recognized the strategic advan - tage of maintaining its Water -
front Corporate Center address when it elected to maximize functionality and modernize its office with a new custom in -
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