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8/23/2016 SJP Properties, Thomson Reuters ink major expansion deal in Hoboken | NJBIZ
http://www.njbiz.com/article/20140403/NJBIZ01/140409929/sjp­properties­thomson­reuters­ink­major­expansion­deal­in­hoboken 1/2
NJBIZ ­ njbiz.com
Government Real Estate
SJP Properties, Thomson Reuters ink major expansion deal in
Hoboken
April 3, 2014 at 2:22 PM
SJP Properties has signed a lease expansion in Hoboken with Thomas
Reuters. ­ (Beckerman PR)
SJP Properties has signed a 72,000­square­foot lease expansion in Hoboken with Thomson Reuters, allowing the global
media company to move ahead with its plan to bring 450 new employees to the city.
The company will grow its footprint at SJP's Waterfront Corporate Center II, the Parsippany­based developer announced
Thursday. The deal will bring Thomson Reuter's total space to 93,000 square feet over three floors, with the new space
expected to open during the third quarter after a build­out by SJP.
The deal comes nearly two months after the company was awarded a seven­year, $25.9 million tax credit from the state
Economic Development Authority. The award under the Grow New Jersey program calls for Thomson Reuters to relocate
450 out­of­state employees from New York to Hoboken, rather than a facility in Carrollton, Texas.
The New York­based company currently houses 183 employees on one floor of the SJP complex, which is located at 121
River St. in Hoboken, according to the EDA. The employees will come mostly from its tax and accounting unit.
Joseph Cabrera and Tim Kuhn, formerly of Cushman & Wakefield, represented Thomson Reuters in the deal, SJP said in a
news release. SJP was represented in­house by Senior Vice President Peter Bronsnick.

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SJP Properties, Thomson Reuters ink major expansion deal in Hoboken

  • 1. 8/23/2016 SJP Properties, Thomson Reuters ink major expansion deal in Hoboken | NJBIZ http://www.njbiz.com/article/20140403/NJBIZ01/140409929/sjp­properties­thomson­reuters­ink­major­expansion­deal­in­hoboken 1/2 NJBIZ ­ njbiz.com Government Real Estate SJP Properties, Thomson Reuters ink major expansion deal in Hoboken April 3, 2014 at 2:22 PM SJP Properties has signed a lease expansion in Hoboken with Thomas Reuters. ­ (Beckerman PR) SJP Properties has signed a 72,000­square­foot lease expansion in Hoboken with Thomson Reuters, allowing the global media company to move ahead with its plan to bring 450 new employees to the city. The company will grow its footprint at SJP's Waterfront Corporate Center II, the Parsippany­based developer announced Thursday. The deal will bring Thomson Reuter's total space to 93,000 square feet over three floors, with the new space expected to open during the third quarter after a build­out by SJP. The deal comes nearly two months after the company was awarded a seven­year, $25.9 million tax credit from the state Economic Development Authority. The award under the Grow New Jersey program calls for Thomson Reuters to relocate 450 out­of­state employees from New York to Hoboken, rather than a facility in Carrollton, Texas. The New York­based company currently houses 183 employees on one floor of the SJP complex, which is located at 121 River St. in Hoboken, according to the EDA. The employees will come mostly from its tax and accounting unit. Joseph Cabrera and Tim Kuhn, formerly of Cushman & Wakefield, represented Thomson Reuters in the deal, SJP said in a news release. SJP was represented in­house by Senior Vice President Peter Bronsnick.