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Transactions - JANUARY 25, 2022

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SJP Properties and David Werner Real Estate Investments acquire Waterfront Corporate Center I in New Jersey

by RELEASED

A partnership of SJP Properties and David Werner Real Estate Investments announced today that it has acquired Waterfront Corporate Center I, a 14-story, headquarters-quality office and retail building along the Hoboken, N.J., Hudson River waterfront, from Veris Residential, formerly Mack-Cali. The building is part of a three-building, 1.5-million-square-foot office and retail complex that was developed by SJP Properties between 2002 and 2014. With the buyback of Waterfront Corporate Center I, SJP once again owns and manages the entirety of Waterfront Corporate Center.

With a premier waterfront location that offers direct access to multiple transit modes and walkability in the nearby Hoboken neighborhood, Waterfront Corporate Center provides some of the best access to labor in the Tri-State area, along with high-performance, efficient workspace and a best-in-class tenant experience resulting from SJP’s concierge-style services.

Situated within the heart of Hoboken’

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