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HSBC Renews for 110,000 SF

BRIDGEWATER, NJ-The finance firm will stay on at SJP Properties' Somerset Corporate Center II, where it's been since 1999.

By Eric Peterson | Updated on September 15, 2008

BRIDGEWATER, NJ-HSBC Finance Corp. has renewed its lease for 110,000 sf at Somerset Corporate Center here. Once known as Household International, the subsidiary of HSBC North America Holdings Inc. has maintained a regional headquarters at the site since 1999.

Specifically, the occupancy is at Somerset Corporate Center II at 200 Somerset Corporate Blvd., owned by the Parsippany-based SJP Properties. The building totals 250,000 sf within a corporate campus that will build out to nearly 1.6 million sf in six buildings, five of which have been completed. Terms of the lease were not revealed; comparable space in the regional generally goes for a number of the $25 per sf range.

HSBC Finance actually signed on at the II building nearly a decade ago while it was still under construction and uncommitted. Other tenants currently in the building are Dendrite and Dr. Reddy’s Laboratories, and other key tenants at the campus include Sanofi Aventis, Merrill Lynch, Brother International and Hewitt Associates.

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