Waterfront Corporate Center in Hoboken — Courtesy: Cushman & Wakefield
By Joshua Burd
Real estate investment firm Faropoint will have a new home in Hoboken after leasing nearly 19,000 square feet at the Waterfront Corporate Center complex.
According to Cushman & Wakefield, which brokered the transaction, the asset manager will occupy part of the 10th floor at Waterfront Corporate Center I. The space at 111 River St. is part of the 14-story, 566,215-square-foot office and retail property, which is a short walk from Hoboken Terminal and has on-site dining options, a fitness center and 180-degree views of the Manhattan skyline.
It’s also part of the three-building, 1.5-million-square-foot complex.
“The Waterfront Corporate Center was a perfect fit for Faropoint as they continue to expand their New Jersey footprint,” C&W’s David DeMatteis said. “Situated on the Hoboken waterfront, the property provides exceptional Hoboken terminal transit access along with high-performing and efficient workspace.”
The team of DeMatteis and Mina Shehata represented Faropoint in the 18,603-square-foot transaction. They noted that the nearby the terminal is home to NJ Transit rail and bus operations, as well as Hudson-Bergen Light Rail, PATH and ferry service, while Waterfront Corporate Center is a short drive from the Holland and Lincoln tunnels.