HOBOKEN, NJ-Learning company Pearson will consolidate and relocate 900 employees in Old Tappan and Upper Saddle River to 200,000 square feet at the upcoming Waterfront Corporate Center III at 225 River St. here, said company officials, landlord SJP Properties and New Jersey Lt. Governor Kim Guadagno.
Plans call for the company to move to five floors of the 14-story tower in 2014. Construction will begin this fall on the building, the third and last phase in the Waterfront Corporate Center mixed-use complex.
“Pearson and New Jersey share a deep commitment to attracting and retaining a talented professional workforce that will flourish in the vibrant and stimulating center for media, education and digital services that has emerged within the excellent location of Hoboken and the Waterfront Corporate Center,” said Rich Glicini, senior VP for people and social responsibility of Pearson, at the announcement.
The company provides print and digital learning materials, and also owns the Financial Times Group of newspapers and online services, as well as publisher Penguin Group.
“Person’s decision to stay is just one of many examples where we’ve successfully intervened to keep and create jobs in New Jersey,” Guadagno said during the ceremony.
The building, designed by HLW International, will be the state’s only waterfront LEED Silver building. “Waterfront Corporate Center III will be developed to incorporate the most advanced green technology and state-of-the-art features among any new commercial development in the region, providing Pearson with a high-performance work environment to support its business operations,” said SJP CEO Steven J. Pozycki at the announcement.
Richard Berzine and Robert DeAngelis of Richard Berzine & Co., with Jones Lang LaSalle managing director Dan Loughlin, executive VP James Montanari and VP Aaron Ellison represented Pearson. SJP was represented in house.
The Waterfront Corporate Center has 1.5 million square feet of office and retail on 26 acres. The first building opened in 2000. Other tenants at the complex include John Wiley & Sons, Marsh and McLennan, Sumitomo Trust and banking and Thomson Reuters.
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