Samsung moving to Englewood Cliffs
Unilever will depart just months earlier
By: Daniel Munoz
NorthJersey.com
USA Today Network - New Jersey
..... Samsung Electronics is planning to move its North American headquarters from Ridgefield Park to Englewood Cliffs in 2025, just months after consumers goods company Unilever plans to move out.
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NorthJersey.com was the first to report last week [08/29/2024] the Unilever - which makes consumer brans from Axe body spray to Vaseline and formerly Ben & Jerry's ice cream - would move out of its longtime headquarters at 700 Sylvan Avenue in Englewood Cliffs.
..... Later on, several news outlets reported that Unilever would occupy three stories at 111,000 square feet at SPJ's Waterfront Corporate Center 1 in Hoboken.
..... A spokesperson for Samsung did not specify the exact address of its new Englewood Cliffs location, adding only that the move would occur in the summer of 2025, which is just months after Unilever's planed departure from Englewood Cliffs in March 2025.
..... "The move marks an exciting new chapter, and we are proud to continue to operate in Bergen County," the Samsung spokesperson said in a statement.
..... In 2019, when Samsung renewed its Ridgefield Park lease, the global electronics giant had 1,000 employees at its headquarters at 65 challenger Road, towering over the New Jersey Turnpike.
..... Unilever's revitalized Englewood Cliffs campus opened ion 2018 and was meant to exemplify the workplace of the future. An older campus had been built for Unilever in the borough in the 1960s.
..... The high-tech and swanky new headquarters featured common areas, lounges, a workout room, yoga mats, shuttles to New York City, a grocery store, a tea bar and a sweeping atrium with co-working space.
..... A spokesperson for Mesirow Financial, which brought the 700 Sylvan Avenue property in 2017 for $102 million, did not immediately respond to request for comment.
..... Unilever's decision came as businesses scale back their suburban office presence amid work-from-home trends, four years after their surge during the COVID-19 pandemic.
..... companies have switched more broadly from suburban office campuses to urban corporate centers in places like Manhattan, Jersey City and Hoboken, a reversal of the trend seen in the 1980s, said James Hughes, dean emeritus of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.