Global enterprise software leader NICE Systems has committed to a long-term future on the New Jersey Gold Coast, renewing its 39,990-square-foot office lease at 221 River Street in Hoboken.
The renewal, arranged by Cushman & Wakefield, ensures NICE Systems will continue to occupy the entire 11th floor of the prestigious Waterfront Corporate Center III. The property is a cornerstone of Hoboken’s south waterfront, offering unobstructed views of the Manhattan skyline and premium Class A amenities.
NICE Systems, which specializes in AI-powered customer engagement and financial crime compliance, has utilized the Hoboken location as a strategic hub for its U.S. operations for nearly a decade. The decision to renew at 221 River Street underscores the enduring appeal of “transit-oriented” office space in a post-pandemic market.
“We are proud to continue our long-standing global relationship with NICE Systems by securing their lease at this premier waterfront property,” David DeMatteis, executive managing director at Cushman & Wakefield said. DeMatteis, along with Mina Shehata and Scott Schubert, represented the tenant in the negotiations.
The Waterfront Corporate Center is widely considered New Jersey’s highest-quality office development due to its proximity to the landmarked Hoboken Terminal.
Tenant Connectivity at a Glance:
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PATH System: 11 minutes to Wall Street; 14 minutes to West 33rd Street.
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NJ Transit: Direct access to major rail lines and bus routes.
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NY Waterway: Frequent ferry service to Manhattan.
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Bergen-Hudson Light Rail: Regional access throughout the Gold Coast.
Architecturally, the building at 221 River Street was designed by HLW International to honor Hoboken’s industrial heritage while providing modern efficiency. Its facade of brick, granite, and limestone is a signature feature of the SJP Properties portfolio.
Developed by SJP Properties in a public-private partnership with the Port Authority of NY & NJ, Waterfront Corporate Center III is notably the only commercial asset on the New Jersey waterfront to achieve LEED Gold certification.
The renewal comes amid a “flight to quality” in the New Jersey office market. While some suburban office parks have struggled, urban-core properties like those in Hoboken continue to see high retention rates from global firms. SJP Properties, represented in-house by Alex Erdos, continues to manage the 1.5 million-square-foot complex, which also houses major tenants such as EY, Unilever, and Newell Brands.
