The Real Deal New York

Publisher John Wiley & Sons re-ups for 386K sf in Hoboken

Sam Zell’s real estate investment trust Equity Commonwealth owns property

September 29, 2014 11:20AM

hoboken

From left: 111 River Street in Hoboken, N.J., Mitch Steir and Sam Zell

International textbook publisher John Wiley & Sons signed a 15-year lease renewal for its more than 386,400-square-foot office space in Hoboken, N.J.

The company inked a deal at 111 River Street two years prior to the lease’s expiration. Sam Zell’s real estate investment trust Equity Commonwealth owns the 500,000-square-foot property. Wiley has occupied the space since it left Manhattan in 2002.

David Goldstein, Mitch Steir, Matthew Barlow, Jason Perla and Daniel Foley of Savills Studley represented the tenant, while a CBRE Group team including Nick Hilton, Greg Tosko and David Hollander represented Equity Commonwealth.

“When you are a major user of space, you have to be ahead of the pack and have to be in a disciplined process in order to capture as many realistic relocation alternatives as possible,” Goldstein told the Wall Street Journal. [WSJ, 2nd item]Mark Maurer

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