EY to NJ: Ernst & Young Officially Inks Lease on Hoboken Waterfront
For months the rumors had been swirling, but now it’s official — Ernst & Young will be “relocating a portion of its New York City operations to Hoboken,” effective in June of 2017.
Michael Geoghegan, Craig Reicher, Glenn Dyke, Joan Meixner and Nick Hilton represented EY as they signed the lease for 168,000 square feet of office space in the Waterfront Corporate Center II with SJP Properties Executive Vice President Jeff Schotz and Senior Vice President Peter Bronsnick.
“Waterfront Corporate Center offers state-of-the-art infrastructure and amenities, and unparalleled access to mass transit and Hoboken’s renowned downtown, providing companies with a world-class business environment that supports productivity, recruitment and growth,” stated Steven J. Pozycki, CEO of SJP Properties. “When we developed the site of Waterfront Corporate Center, we knew that this would become the standard for Class A office and retail space along New Jersey’s Gold Coast, and we are extremely proud to have fully realized that vision.”
Ernst & Young will reportedly receive $40 million over 10 years as part of the Grow New Jersey Assistance Program.
In addition to EY, Waterfront Corporate Center’s tenant roster includes Jet.com, NICE Systems, Newell Rubbermaid, Thomson Reuters, Marsh & McLennan, RMS, Octapharma, Pearson Education, and workspace provider Regus.
The complex houses Crunch Fitness, Del Frisco’s Grille, Wicked Wolf restaurant, Jos A. Bank, FedEx, Chase Bank and Kiddie Academy.