Sumitomo Mitsui Bank announced Monday that it recently settled into its new 30,000-square-foot office space on the ninth floor of Waterfront Corporate Center I in Hoboken. The financial firm signed a long-term lease at the premier office property owned and managed by SJP Properties.
SJP Project Solutions served as project and construction manager for the buildout of Sumitomo’s new office, ensuring the space met the company’s needs and specifications.
The building also is home to Unilever, which recently announced it was taking 111,000 square feet of space for its U.S. headquarters.
Waterfront Corporate Center I offers a desirable location with direct access to Hoboken Transit Terminal as well as access to the PATH and New York Waterway Ferry.
Having previously occupied space within the building, Sumitomo recognized the strategic advantage of maintaining its Waterfront Corporate Center address when it elected to maximize functionality and modernize its office with a new custom installation at the property.
Harrison Russell, managing 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 strategic location and simply wanted to relocate within the same building for a seamless transition,” Russell said. “The company is pleased with its move within the building and is confident 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,” Alexander Erdos, senior vice president – leasing and development, said. “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 efficiency and continued growth. SJP is thrilled to continue its long-term relationship with Sumitomo.”
