info@sjpproperties.com 212-335-2200
Your Real Estate Partners in the New York Metro Area
Our deep market knowledge and
long-term relationships are a result of our
local focus
and commitment to the New York Metro area.
We are
entrepreneurial
and responsive to the changing demands of
our tenants’ and clients’ businesses.
Our fully-integrated team of seasoned
and creative professionals have a shared
passion
for the entire development process.
We refine every
detail
to achieve the highest quality in our buildings
and make the best use of each site.
We are
client
driven
and manage the quality of experience from
pre-construction through property management.
We continually explore
innovative
technologies to provide healthy, efficient and
sustainable places to live and work.
After more than 30 years in business, we still have a perfect
track record
creating long-standing relationships with highly satisfied investors, clients, tenants and communities.

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of Class A commercial and luxury residential developments in the New York Metropolitan region.

$5
billion
of Equity Invested
$1.3
billion
in Development
25
million
Square Feet Developed
4
LEED-Certified
Green Buildings
20
Buildings
Under Management
30+
Years
Serving the New York Metro Area

SJP Project Solutions, a division of SJP, extends the full breadth of the company’s in-house development and construction management capabilities to projects outside of the SJP investment portfolio. Learn more at www.sjpprojectsolutions.com.

At SJP Properties, our mission is to employ a deep understanding of the development process and capital markets to create dynamic commercial, residential, industrial and mixed-use environments of the absolute highest quality. In our more than 40-year history, we have learned that this can only be accomplished through intense and sustained collaboration with project partners and stakeholders.

To be sure, we view every project stakeholder – from municipal officials and the local communities in which we develop, to our institutional investors, contractors and ultimately our tenants and residents – as our partners. It is because of this approach that we have been rewarded with continued growth and a reputation for excellence.

As we work to foster the next generation of professionals within our organization, we will continue to instill a philosophy that truly great places can only be built with a thoughtful eye for the greater impact they have today, and into the future.

Steven J. Pozycki
Founder, Chairman and CEO

The following is a partial list of investment partners, build-to-suit clients, tenants and municipalities we have worked with.

Investment partners
Build-to-suit Clients
Tenants
Municipalities
New York City, NY
Hoboken, NJ
Jersey City, NJ
Newark, NJ
Bridgewater, NJ
Parsippany, NJ
Woodbridge, NJ
Princeton, NJ
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Eleven Times Square
New York, NY
  • 1,100,000 sq. ft.
  • Commercial Office
  • Completed 2010

As Midtown Manhattan’s most advanced commercial building, Eleven Times Square incorporates state-of-the-art technology and building systems to create an optimal work environment in one of the world’s leading transit hub locations. The LEED Gold-certified office and retail building is located on Eighth Avenue directly across from the Port Authority Bus Terminal. A minimum of 9'6" floor-to-ceiling glass provides unobstructed views of the Hudson River, Times Square and Midtown Manhattan. The sophisticated design allows for prominent exterior building signage and extensive roof terracing on several floors. Eleven Times Square was developed in partnership with Prudential Real Estate Investors and has attracted a diverse base of world-class tenants, including Proskauer, Microsoft, e-Marketer, Bank of America, E-Trade, Synechron and Axovant.

eleventimessquare.com

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The Modern
Fort Lee, NJ
  • 900 units
  • 47 stories
  • Phase 1 – completed 2014
  • Luxury Residential Rental
  • Phase 2 – completed 2018

As the centerpiece of the enhanced downtown district in Fort Lee, The Modern is comprised of two identical glass towers, the first was completed in 2014 and the second was completed in 2018, each containing 450 luxury rental residences and offering breathtaking views of the George Washington Bridge, Manhattan and the Hudson River. Each tower has an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities, with features and services never before available. Designed by the highly acclaimed architecture firm, Elkus Manfredi Architects, the towers overlook a nearly two-acre park created by SJP. Funded in partnership with Prudential Real Estate Investors and Northwestern Mutual Life Insurance Company, The Modern has since become the catalyst for the revitalization of the borough’s downtown.

themodernlife.com

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Prudential Investment Headquarters
Newark, NJ
  • 750,000 sq. ft.
  • Build-to-suit
  • Completed 2015

Situated in downtown Newark, Prudential Investment’s new headquarters is a continuation of SJP’s track record in the construction of high-performance, build-to-suit commercial properties. The project’s first phase encompasses a 750,000-square-foot Class A office building  which was completed in 2015 and achieved LEED Gold certiffication. SJP served as the build-to-suit developer and project manager on behalf of Prudential, overseeing all aspects of the project from approvals through move-in. A second office tower is also approved, with total potential development on the site of up to 1.5 million square feet.

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Two Riverfront Plaza
Newark, NJ
  • 337,000 sq. ft.
  • Build-to-suit
  • Completed 2013

The first new office building to be constructed in Newark’s downtown in more than 20 years, Two Riverfront Plaza serves as the headquarters for Panasonic Corporation of North America. The Class A tower is situated one block from Newark Penn Station, which features Amtrak and NJ TRANSIT rail service, and has achieved LEED Gold certification for new construction and LEED Platinum certification for commercial interiors. Panasonic occupies 10 of the tower’s 12 stories, with floors three and four currently available in their entirety, consisting of approximately 29,000 square feet each. The tower features a two-story glass lobby, a full-service cafeteria, access to a parking garage below the building and 24/7 manned security.

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Waterfront Corporate Center III
Hoboken, NJ
  • 520,000 sq. ft.
  • Commercial Office
  • Completed 2014

Waterfront Corporate Center III is the third and final building within SJP’s 1.5 million-square-foot, mixed-use waterfront complex. The Class A office and retail tower achieved LEED Gold certification and features floor-to-ceiling glass windows with unobstructed New York City and Hudson River views. The building is fully leased. Tenants include Pearson Education, Jet.com, Regus, NICE Systems and Newell Brands. Waterfront Corporate Center is surrounded by Hoboken’s acclaimed restaurants and shops, adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

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Platinum
New York, NY
  • 220 units
  • Luxury Residential Condominium
  • 43 stories
  • Completed 2008

Platinum is a striking 43-story glass tower containing 220 luxury residences, ground-level retail and a 103-car subsurface parking garage. The building’s unique exterior and interior design – highlighted by a 26-foot-long lobby fireplace, floor-to-ceiling windows and exotic finishes – has been highly praised by residents and critics alike. Located at Eighth Avenue and 46th Street, Platinum was the first development project in New York City to employ floating air rights within the theatre district of Manhattan.

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45 Park Avenue
New York, NY
  • 105 units
  • Luxury Residential Condominium
  • 22 stories
  • Completed 2007

A ground-up residential building situated in the Murray Hill section of Manhattan, 45 Park Avenue comprises 105 distinctive, luxury condominium residences. The contextual design of the building earned a host of awards, including recognition as “The Best Residential Building in New York” by McGraw-Hill Publications. The building’s unique design combines the elegance of Juliet balconies with brick, limestone and glass to offer condominium purchasers the finest residences in the area, and resulting in the achievement of prices that exceeded nearby new residential product by more than 30 percent. The building was 100 percent sold out prior to completion, and was one of Prudential Real Estate Investors’ most successful real estate investments.

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Somerset Corporate Center
Bridgewater, NJ
  • 1.25M sq. ft.
  • Build-to-suit
  • Completed 2001

Somerset Corporate Center is a master-planned, Class A office center located within one of the country’s strongest labor pools for the pharmaceutical and technology sectors. The center comprises five existing buildings totaling 1.5 million square feet that are situated around a 15-acre central park. A 130,000 square foot Life Time Fitness facility and 150-room AC Hotel by Marriott with a Zinburger restaurant are planned amenities. The center is also approved for a to-be-developed, 250,000-square-foot, build-to-suit office building. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Tenants include Valeant Pharmaceuticals, Merrill Lynch, Actavis, iConectiv, Cognizant Technologies, Aon Hewitt and Qualcomm. Featured amenities include shuttle service to the NJ TRANSIT train station, proximity to Bridgewater Commons, state-of-the-art conference facility, fitness centers and cafes.

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95 Greene Street
Jersey City, NJ
  • 300,000 sq. ft.
  • Commercial Office
  • Redeveloped 2000

A former Colgate-Palmolive toothpaste factory, 95 Greene Street was acquired by SJP in partnership with Prudential Real Estate Investors and was subsequently transformed into a Class A office and retail building in just 10 months. Stripping the building down to its concrete structure, SJP repositioned the property’s core; installed new mechanical, electrical and fire protection systems; and converted the basement into parking for more than 130 cars. The building is a standout in an area of downtown Jersey City dubbed “Wall Street West” for its concentration of high-caliber financial firms. For more information, visit www.95greenestreet.com.

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Metropark Corporate Center
Iselin, NJ
  • 295,000 sq. ft.
  • Proposed Office

Located in the prestigious Metropark office campus – consistently, one of the most desirable corporate office destinations in Northern New Jersey – the fully approved Metropark Corporate Center is planned as a LEED Silver-certified, 9-story, 295,000-square-foot office development, featuring a five-level parking garage. The property is situated at the intersection of Wood Avenue South and Middlesex-Essex Turnpike, directly across from the Metropark train station, which provides Amtrak and NJ TRANSIT rail service. Directly accessed by Exits 131, 131A and 131B of the Garden State Parkway, the site is 15 miles from Newark International Airport. The project’s corporate neighbors include The Prudential Insurance Company, Siemens Corporation, Ernst & Young and Cisco Systems, among others.

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Waterfront Corporate Center I & II
Hoboken, NJ
  • 1,100,000 sq. ft.
  • Completed 2003

Offering spectacular views of the Manhattan skyline, Waterfront Corporate Center I & II comprise 934,000 square feet of world-class office space and ground-level retail along Hoboken’s master-planned, mixed-use waterfront. The project was developed as part of a public/private joint venture among the Port Authority of New York and New Jersey, the City of Hoboken and SJP Properties. Located in the heart of the city’s vibrant, 24-hour downtown, the complex affords tenants access to a number of amenities, as well as the Hoboken Terminal, the largest intermodal transit facility in New Jersey. Several high-caliber corporations call the complex home, including Thomson Reuters, Ernst & Young, RMS, Marsh & McLennan and Octapharma.

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Morris Corporate Center I & II
Parsippany, NJ
  • 560,000 sq. ft.
  • Office
  • Completed 1986

The first two Class A office buildings within SJP’s signature Morris Corporate Center development were completed in 1986. As a testament to the speculative project’s success in the marketplace, SJP secured tenant commitments for 98 percent of the development’s initial 560,000 square feet within 12 months of shell completion. The property is strategically situated at a four-way interchange off I-80 in Parsippany – less than a mile from the intersection of I-287 and Routes 46 and 202. Current tenants include Anheuser-Busch, BP/Amoco, Oracle Corporation, Mutual of America, Towers Perrin and SAP America, Inc., among numerous other leading corporations such as Farmers Insurance, Zurich NA, Icap, IPSOS, PHP Pharmaceuticals.

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Morris Corporate Center III
Parsippany, NJ
  • 580,000 sq. ft.
  • Office

Morris Corporate Center III – the third phase of SJP’s master-planned office park – totals 580,000 square feet within four, 4-story buildings of similar size. A four-story atrium connects two of the buildings, creating more than 300,000 square feet of contiguous space. The property is highlighted by a dynamic architectural design with richly appointed interior finishes, polished granite and a reflective glass exterior. Numerous restaurants, hotels, services and recreational and entertainment opportunities are located in the area, which is regarded as one of the region’s foremost business destinations. Major tenants include Mercedes-Benz North America and Sybase.

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Morris Corporate Center IV
Parsippany, NJ
  • 700,000 sq. ft.
  • Office
  • Completed 1999

SJP completed Phase One of Morris Corporate Center IV in 1999, within 12 months of beginning construction. The 350,000-square-foot, headquarters-quality office building was then fully leased to Aventis Pharma. In 2000, SJP completed Phase Two, an adjoining 350,000-square-foot building. Prior to completion of Phase Two, Degussa-Huls pre-leased 135,000 square feet for its new North American headquarters, which was followed by a 113,000-square-foot lease by Pfizer at the facility in November 2003. Morris Corporate Center IV features the highest quality materials and finishes and flexible and efficient floors, as well as structured and surface parking.

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Prudential Insurance Company
Iselin, NJ
  • 427,000 sq. ft.
  • Build-to-suit
  • Completed 1999

For The Prudential Insurance Company, SJP developed a build-to-suit office building in addition to a five-level, 2,500-car parking garage, working directly with both Prudential’s Corporate Real Estate Department and user groups to design a building for the company’s specialized uses. Amenities include an auditorium, full-service kitchen, conference center, data center and electronics labs. SJP directed the design and engineering teams to expedite drawings and documents through a complex site plan approval and building permit process. SJP also coordinated the traffic and off-site improvement processes with the Department of Transportation, the Highway Authority and Woodbridge Township. Construction began in the fall of 1998 and the facility was completed in November 1999.

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Tiffany Customer Fulfillment Center
Hanover Township, NJ
  • 266,000 sq. ft.
  • Build-to-suit
  • 39.7 acres

On a 39.7-acre site in Hanover Township, SJP Properties built one of the most sophisticated customer fulfillment centers in the world for Tiffany & Co. The building contains telephone and internet capabilities for 24-hour customer service, as well as a robotic storage and retrieval system manufactured in Europe that is used for immediate responses to customer needs. SJP provided comprehensive development services to Tiffany & Co., including site selection, pre-development consulting, pre-construction advising, project management during construction and acting as owner representative throughout the process.

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Morris Corporate Center VI
Parsippany, NJ
  • 350,000 sq. ft.
  • One building

Located within the master-planned Morris Corporate Center office campus, the 27-acre site is fully approved for approximately 350,000 square feet of future development of Class A office space. Morris Corporate Center VI is designed to achieve standards consistent with SJP's award-winning portfolio of best-in-class commercial development. The building will feature the highest-quality building materials and services, as well as elevations that afford views extending as far as New York City. The project, with an environmentally friendly design, will seek LEED Certification.

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Morris Corporate Center VII
Parsippany, NJ
  • 140,000 sq. ft.

Situated within the master-planned Morris Corporate Center office campus, Morris Corporate Center VII is fully approved for approximately 140,000 square feet of future commercial development. The building will comprise the highest-quality Class A office space, reflective of SJP’s hallmark for high-performance commercial development. As with all of SJP’s signature developments, the building has been designed for energy efficiency, with plans to seek LEED Silver Certification.

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Mountain View Corporate Center
Bernards Township, NJ
  • 345,000 sq. ft.
  • Two buildings

SJP Properties and JP Morgan Asset Management have established a partnership in the planning and construction of two headquarters-quality office buildings totaling 345,000 square feet in the Mountain View Corporate Center. Situated in the heart of scenic Somerset County on 169 acres of lush woodlands, the campus sets a new standard for excellence in master-planned office environments for the 21st century. The buildings will provide state-of-the-art telecommunications infrastructure, a wide range of amenities and executive offices within a five-building campus discreetly nestled within the Watchung Mountains and directly accessible from exit 33 on Interstate 78.

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Peapack Residential
Peapack, NJ
  • 68 single-family homes

Peapack Residential is a to-be-built, luxury single-family residential community located on approximately 82 acres in the picturesque Borough of Peapack. Once developed, the community will comprise 68 new homes ranging from 3,750 to more than 4,000 square feet, featuring distinctive architecture consistent with the character and quality of the surrounding area. The community is designed to appeal to discerning buyers who are interested in moving out of their large estate homes into a maintenance-free lifestyle without compromising on space and quality. Every home will feature expansive dining rooms, large eat-in kitchens, elevators, spacious family rooms, master bedroom suites and two-car garages. Additionally, the homes will provide access to outdoor living space and patios from the lower level and upper-level walkout verandas, as well as elegantly landscaped surrounding space.

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Somerset Corporate Center VI
Bridgewater, NJ
  • 252,000 sq. ft.
  • Eight stories

SJP has secured all required state and local approvals for the sixth and final building within the company’s master-planned Somerset Corporate Center office park. The building will total 252,000 square feet of Class A office space within an 8-story structure, incorporating modern finishes and high-performance features consistent with the best-in-class standards set by the campuses’ existing buildings. The development, with an environmentally friendly design, will seek LEED Silver Certification.

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200 Amsterdam
New York, NY
  • 112 units
  • 52 Stories
  • Luxury Residential Condominium
  • New Development

A Joint Venture between SJP and Mitsui Fudosan America, 200 Amsterdam is a distinctive 670 foot, 52 story, condominium tower located at 69th Street and Amsterdam Avenue, in the heart of Manhattan’s Upper West Side neighborhood. The design was inspired by the late 19th and early 20th century architecture that lines Central Park West. Elkus-Manfredi Architects designed the building containing 112 luxury residences featuring panoramic views of Central Park, the Hudson River, and the Midtown skyline. The residences will feature interiors by CetraRuddy and will have access to the building’s state-of-the-art club style amenities.

200amsterdam.com

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470 Park Avenue South
New York, NY
  • 300,000 sq. ft.
  • Commercial Office
  • Acquired 2018

470 Park Avenue South is a recently renovated, loft-style, premier mixed-use property with full-block frontage along Park Avenue South between 31st and 32nd Streets in New York City. Situated in the heart of Manhattan’s most up-and coming live/work/ play neighborhood and a short walk from Madison Square Park. The property boasts flexible floorplates, renovated systems, modern interiors, distinctive pre-war architecture and identity, and historical cachet.  470 PAS consists of two adjoining office buildings, ground floor retail, and the opportunity to add collaborative building amenity space which includes outdoor work spaces and recreational areas. With 12 stories in the North Tower and 18 stories in the South Tower, 470 PAS contains 301,178 square feet of premier office space.  Dramatically transformed and rebranded, the property boasts best-in-class, Energy Star construction with modern finishes and expansive open floor plans with abundant light and air creating a collaborative office experience that appeals to a wide range of users spanning from creative / tech companies to traditional financial firms and corporate tenants.

470parkavesouth.com

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M Station East
Morristown, NJ
  • Two-Building Development
  • Commercial Office
  • New Development

M Station is a transformational project and the most significant commercial development planned for Morristown in more than 30 years. The site plan for M Station comprises two headquarters-quality, Class A office buildings with ground-floor retail, bridged by a parking structure. The buildings will replace an existing, outdated retail strip center located along Morris Street between Lafayette Avenue and Spring Street. M Station East will be six stories and approximately 120,000 square feet. It is currently under construction and is targeted for completion in 2022. M Station West is planned to be seven stories and approximately 253,000 square feet.

The buildings’ street-facing facades are set back in order to create broad and inviting public plazas that integrate green planting, seating and lighting, drastically improving walkability along Morris Street and creating connectivity between the train station and The Green. An attractive landscaped arrival court will separate pedestrian and vehicular circulation at each building lobby entrance, complete with Uber and Lyft drop off areas. The project has been designed to be contextual to its surroundings, incorporating a contemporary interpretation of historic Morristown industrial loft architecture. Terraces and outdoor space will be available for corporate users; greenery visible from the street will add to the development’s overall aesthetic. The buildings will achieve LEED accreditation.

mstationmorristown.com

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M Station West
Morristown, NJ
  • Two-Building Development
  • Commercial Office
  • New Development

M Station is a transformational project and the most significant commercial development planned for Morristown in more than 30 years. The site plan for M Station comprises two headquarters-quality, Class A office buildings with ground-floor retail, bridged by a parking structure. The buildings will replace an existing, outdated retail strip center located along Morris Street between Lafayette Avenue and Spring Street. M Station East will be six stories and approximately 120,000 square feet. It is currently under construction and is targeted for completion in 2022. M Station West is planned to be seven stories and approximately 253,000 square feet.

The buildings’ street-facing facades are set back in order to create broad and inviting public plazas that integrate green planting, seating and lighting, drastically improving walkability along Morris Street and creating connectivity between the train station and The Green. An attractive landscaped arrival court will separate pedestrian and vehicular circulation at each building lobby entrance, complete with Uber and Lyft drop off areas. The project has been designed to be contextual to its surroundings, incorporating a contemporary interpretation of historic Morristown industrial loft architecture. Terraces and outdoor space will be available for corporate users; greenery visible from the street will add to the development’s overall aesthetic. The buildings will achieve LEED accreditation.

mstationmorristown.com

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200 Wood Avenue South
Iselin, NJ
  • 268,351 sq. ft.
  • Commercial Office
  • Repositioning

A nearly 270,000 SF, three-story office building constructed in 1976 and renovated in 2000, SJP acquired 200 Wood Avenue South in early 2020 and executed a comprehensive strategy to

reposition it, paying homage to its postmodernist architecture with a complete interior and exterior renovation, as well as new building systems and indoor / outdoor lifestyle amenities

https://woodavemetropark.com/

200 Amsterdam
New York, New York
[   details   ]
The Modern
Fort Lee, New Jersey
[   details   ]
45 Park Avenue
New York, New York
[   details   ]
Platinum
New York, New York
[   details   ]
Eleven Times Square
New York, New York
[   details   ]
470 Park Avenue South
New York, New York
[   details   ]
M Station East
Morristown, New Jersey
[   details   ]
Waterfront Corporate Center III
Hoboken, New Jersey
[   details   ]
200 Wood Avenue South
Iselin, New Jersey
[   details   ]
Prudential Investment Headquarters
Newark, New Jersey
[   details   ]
Two Riverfront Plaza
Newark, New Jersey
[   details   ]
Somerset Corporate Center
Bridgewater, New Jersey
[   details   ]
95 Greene Street
Jersey City, New Jersey
[   details   ]
Metropark Corporate Center
Iselin, New Jersey
[   details   ]
Waterfront Corporate Center I & II
Hoboken, New Jersey
[   details   ]
Morris Corporate Center I & II
Parsippany, New Jersey
[   details   ]
Morris Corporate Center III
Parsippany, New Jersey
[   details   ]
Morris Corporate Center IV
Parsippany, New Jersey
[   details   ]
Prudential Insurance Company
Iselin, New Jersey
[   details   ]
Tiffany Customer Fulfillment Center
Hanover Township, New Jersey
[   details   ]

Residential

Commercial

Valley Bank Headquarters
Morristown, NJ
101 Mettlers Road
Somerset, NJ
140 Allen Road
Liberty Corner, NJ
211 & 219 Mt. Airy Road
Basking Ridge, NJ
Bayer AG Consumer Health Products
Morristown, NJ
BMW at Woodcliff Lake
Woodcliff Lake, NJ
Crossroads Business Center
Bedminster, NJ
Deluxe Check Printers
Mountain Lakes, NJ
EBI Medical Systems
Parsippany, NJ
Englehard World Headquarters
Woodbridge, NJ
Ingersoll Rand Company
Annandale, NJ
Liberty Corner Corporate Center
Bernards Township, NJ
Montgomery Corporate Center
Upper Dublin, PA
Somerset Corporate Center I
Bridgewater, NJ
Somerset Corporate Center II
Bridgewater, NJ
The Commons
West Windsor, NJ
Tiffany Customer Service Center
Parsippany, NJ
Warren Corporate Center
Warren Township, NJ

Industrial

Georgia International Commerce Centre
Savannah, GA

Future Development

Helix H2
New Brunswick, NJ
Mountain View Corporate Center
Wayne, NJ

SJP has led the development of more than 25 million square feet of best-in-class commercial properties and thousands of luxury residential units. The company is highly experienced in managing all aspects of the development process, from site selection and entitlements, through coordination of tenant move-in for projects of all sizes.

“Steve Pozycki and the entire SJP Properties team are true visionaries that are not only able to see the maximum potential of each development opportunity, but have the experience, strength and market savvy to pull it off every time.”

Stephen B. Siegel
Chairman – Global Brokerage, CBRE

SJP’s 30-year history as the region’s preeminent build-to-suit developer is unrivaled. Reflecting the organization’s core competencies and start-to-finish execution capability, SJP has served as a single-source solution for some of the world’s leading corporations – including numerous Fortune 500 companies – to develop real estate strategies for ownership structure, site identification, design, scheduling, financing, construction and fit-out.

“A lot went into our decision to relocate our corporate headquarters to Newark, and the comfort of knowing that we had a world-class team in SJP Properties to deliver a technologically advanced building that would meet our needs now and into the future was certainly a key factor.”

Joseph M. Taylor
Chairman and Chief Executive Officer,
Panasonic Corporation of North America

SJP has earned a sterling reputation in the investment community, as reflected by the company’s strong relationships with some of the world’s leading global institutional investors and private partners. The company’s disciplined, market-responsive approach has solidified SJP as one of the most successful and financially stable development companies in the New York Metropolitan area.

“A developer’s track record is one of the most critical aspects of our decision to partner on a project, and SJP Properties’ continued ability to execute and outperform the market gives us the confidence we need to invest alongside them.”

Matt Ascher
Northwest Mutual Life

SJP extends the full breadth of its in-house capabilities to provide outside construction services, partnering with other owners, developers, corporations and institutions, to guide their projects from the drawing board through completion. Leveraging the strength of its experienced team, SJP has emerged as a first-class project management firm for third-party development projects.

“Our company’s relationship with the SJP Properties organization goes back decades, with co-investment on development projects well into the billions of dollars. So when it came time to choose a development partner to construct our own headquarters location, there really was no question that SJP would deliver.”

Rich Hummers
Prudential Financial

SJP’s renowned management style is predicated on one central principle: Premier tenant experience. The company has differentiated itself by offering more than high-performance buildings. SJP’s best-in-class amenities and ultra-responsive management professionals evoke a genuine sense of hotel-style service.

“Throughout every step of the process – from lease negotiations, through move-in and ongoing, daily management of our commercial space needs – SJP Properties has operated with a level of integrity, professionalism and responsiveness that is truly unmatched.”

Ron Sernau
Chairman of the Real Estate Department, Proskauer
Development
Build-to-Suit
Investment
Project Solutions
Five-Star Service
Steven J. Pozycki
Founder, Chairman and CEO

Steven J. Pozycki is Chairman and CEO of SJP Properties. Mr. Pozycki assembled SJP in 1981 and has since spearheaded the organization’s continued growth to become one of the most active and reputable real estate development companies in the New York Metropolitan region.

Prior to his founding SJP, Mr. Pozycki had 10 years of institutional experience in real estate finance, first with Metropolitan Life Insurance Co. and then with Equitable Life Assurance Society. He also previously ran the finance office for Lincoln Property Company in New York City that became the firm’s in-house investment banking operation.

In 1981, Mr. Pozycki acquired and began developing his first real estate project under SJP Properties, a 182-acre corporate park in Parsippany, NJ, known as Morris Corporate Center. Since that time, he and the SJP Properties team have successfully developed more than 25 million square feet of ground-up real estate projects in partnership with major public and private institutions.

Mr. Pozycki is a member of the Board of Trustees of Monmouth University and a member of the Executive Advisory Board of Monmouth University's Real Estate Institute, which has also honored him with its prestigious "Leadership Excellence Award." He is very active in a number of civic and charitable organizations. 

David R. Welch
Chief Financial Officer

David Welch has served as the Chief Financial Officer for SJP Properties since the company’s founding in 1981. He is responsible for managing all financial, investment and partnership activities, and is involved in all aspects of the company’s operations.

Mr. Welch arranges the debt for all of SJP Properties' real estate projects, establishes the company’s equity joint ventures and oversees the disposition of SJP Properties' commercial assets. Mr. Welch also plays an instrumental role in negotiations for major leases and tenant joint ventures throughout the company’s portfolio.

Prior to joining SJP, Mr. Welch worked alongside SJP Properties’ Chairman and CEO, Steven J. Pozycki, at Equitable Life Insurance and Lincoln Property Company. He is a graduate of Indiana University with a B.A. in Business Administration with a concentration in real estate.

Doug Allen
Executive Vice President – Planning & Construction

As Executive Vice President of Planning and Construction for SJP Properties, Doug Allen is responsible for all of the company’s pre-development and pre-construction programs across a multi-million square foot portfolio.

Mr. Allen joined SJP Properties in 1986 with 12 years prior experience in construction management of commercial and healthcare facilities. His pre-development and pre-construction experience includes responsibility for supervising and coordinating the master planning, programming and design and approval of the development process to ensure constructability, maximum value engineering and optimal layout efficiency. Mr. Allen received a Bachelors of Science in Construction Management from Utica College of Syracuse University.

Loren Schonhaut
Corporate Controller / Asset Management

Loren Schonhaut joined SJP Properties in 1995 and is in charge of financial reporting, contract administration, compliance, tax and audit functions. He interfaces directly with lenders and investors and oversees SJP Properties’ accounting and financial reporting department. Mr. Schonhaut is a Certified Public Accountant with over 25 years experience in both real estate and construction accounting.

After graduating with honors from the State University of New York at Buffalo with an accounting degree, Mr. Schonhaut went on to spend five years in public accounting, including two years with Laventhal & Horwath in New York City. He then joined a well-known New York developer where he was responsible for the financial analysis and reporting requirements of a large portfolio of properties.

Enrique Alonso
Principal

As a Principal with SJP Properties, Enrique is responsible for business development, including sourcing and financing residential and commercial investment and development opportunities.  Enrique also manages the Family Office deploying the family’s capital in venture areas outside of SJP’s core business as well as philanthropic causes.

Enrique holds a Master of Business Administration from Stanford Graduate School of Business and a Bachelor of Arts degree from Amherst College.  Mr. Alonso and his family reside in Puerto Rico.

Peter J. Bronsnick
President - New Jersey Region

As President of the New Jersey Region, Peter Bronsnick provides leadership for the company in New Jersey, and works directly with CEO and Founder Steven J. Pozycki and other key executives to establish short and long-term goals, strategies and company vision for the organization.

A veteran of the commercial real estate industry, Peter oversees business development, marketing, leasing and external affairs - focusing on the strategic growth of SJP’s 3.5 million-square-foot New Jersey portfolio and its third-party development management business. As part of this effort, Peter continues to identify new partnerships in the investment community and work with SJP’s existing equity partners. 

Peter joined SJP Properties in 2012 and has since spearheaded the completion of more than three million square feet of leases on behalf of the company. Prior to joining SJP, Peter served as Vice President with RXR Realty Corp. where he handled leasing and acquisitions for the company’s New Jersey portfolio. He also served as Leasing Director for Mack-Cali Realty Corp., where he managed leasing for the company’s 11 million-square-foot portfolio in New Jersey’s Bergen and Hudson Counties. During his career, Peter has completed transactions with many premier corporations, including Walmart, Deloitte, Newell Rubbermaid, Ernst & Young, Oracle, Marsh & McLennan, Linde Gas, iconectiv, Bausch Health, Qualcomm, Wells Fargo, Merrill Lynch and NICE Systems.

Peter holds a bachelor’s degree in Marketing from Michigan State University and a Master of Science in Real Estate from New York University.

Tony Tirri
Director of Property Managment

Mr. Tirri joined SJP Properties in 2000 and oversees property management of the entire multi-million square foot  portfolio which includes management of all staff for both commercial and residential properties. He has made substantial improvements to energy efficiency and waste stream reduction in addition to spearheading all system upgrades and capital improvements.

Prior to joining SJP Properties, Mr. Tirri was Director of Facilities for Magnavox, where he managed approximately 2.5 million square feet of office and R&D / Production real estate. In this capacity, he oversaw the construction, budgeting, and maintenance throughout New Jersey. He also had full responsibility for the day-to-day property management functions for all New Jersey locations.

Mr. Tirri holds a New Jersey State Real Estate License and is a member of BOMA (Building Owners and Managers Association). Since attending the University of Arizona he has had more than 30 years of management experience.

Grant Eula
Vice President, Design & Construction

Grant Eula is involved in the comprehensive review of a project’s construction design. Mr. Eula tracks shop drawings, bid packages, and contractors’ requests for information during the construction process.

A graduate of Pratt Institute with a degree in architecture, Mr. Eula has more than 30 years of experience in architecture and construction. Prior to joining SJP Properties, Grant was Director of Major Projects for Western Electric, AT&T and Lucent Technologies where he managed the design and construction of over 20 million square feet of large scale new construction and renovation projects in the U.S., Europe and Asia. His experience includes the design and construction management of both investment grade and build-to-suit facilities including corporate headquarters, Class A office buildings, residential buildings, hotels, and high-tech R&D facilities. Mr. Eula’s expertise includes site evaluation, due diligence, zoning approvals, master planning, architectural programming, conceptual and detailed estimating, design and consultant coordination, subcontractor scope development, scheduling and procurement as well as construction project management.

Victor Cividini
Executive Vice President – Residential

As a Executive Vice President of Residential Construction for SJP Properties, Victor Cividini is cross-trained to perform all aspects of development including planning, coordination, budgeting, value engineering, constructability reviews, scheduling, procurement, city permitting, administration and controlling construction. As a Project Executive, Mr. Cividini has most recently participated in the $500 million development of The Modern which is situated on a 7.75 acre parcel in Fort Lee, New Jersey and consists of two 47 story towers, 900 luxury rental apartments, a two acre park and some retail elements.

Mr. Cividini is a proud graduate of the University of Delaware where he received his Bachelors of Science in Civil Engineering. During his first 11 years at a New Jersey based contractor, Mr. Cividini developed a diverse project portfolio including pharmaceutical labs, senior living facilities, commercial office buildings, and big box retail. In 2005, when Mr. Cividini joined SJP Properties, he immediately assisted in the construction of the Staybridge Suites Hotel in Parsippany, New Jersey while managing the on site development of two residential towers in Manhattan: 45 Park Avenue, a 22 story, 105 unit luxury condominium building and Platinum, a 43 story, 220 unit luxury condominium building on the west side of Manhattan. The combined projects’ development cost was nearly $400 million. With 20 years of construction experience, Mr. Cividini continues to demonstrate the integrity, experience, commitment to details, team building and leadership attributes necessary to ensure successful projects, while maintaining a core understanding of the marketing, advertising and management efforts necessary for each development.

John W. Nolan
Senior Vice President – Construction

With over 35 years of construction experience, John Nolan is responsible for managing pre-construction, budgeting, value engineering, buy outs, construction and close-outs for SJP’s construction projects.

He has worked extensively with local subcontractor pools on dozens of projects throughout his career, affording him a unique understanding of local policies, logistics and inspection procedures to ensure projects are completed efficiently and in accordance with all requirements.

John began his career in construction after attending Delhi University.

Brian Wedlick
Senior Project Manager

As a Project Manager, Brian Wedlick’s responsibilities at SJP include all facets of project delivery, notably planning stage management, entitlement, permitting, consultant management, conceptual estimating, budgeting, requests for proposals, constructability reviews, cost management, scheduling, procurement, value engineering, project administration, and construction management through close-out and occupancy.

Brian excels in management, coordination, integration and implementation of information technology, audiovisual systems, distributed antenna systems, security, and all other low-voltage based systems.

He graduated from The College of New Jersey with a Bachelor of Science in Electrical Engineering.

Michael Sorensen
Project Manager

A Project Manager for SJP, Michael Sorensen has over 30 years of experience specializing in all aspects of residential construction.

He is responsible for overseeing daily development site activities on all of SJP’s residential projects, and is also responsible for quality assurance and quality control for all phases of the projects. Michael’s hands-on approach and unparalleled understanding of the residential construction process allows him to resolve construction issues as they arise without adversely affecting budgets or schedules.

During his career, he has been directly involved in the construction of over 3,000 apartments in the New York and New Jersey markets, as well as the construction of numerous supporting retail, food service and amenity facilities.

Chris Pastore
Senior Vice President – Construction

Chris Pastore’s focus at SJP encompasses all aspects of development, construction and project management. His responsibilities include conceptual estimating, design review, pre-construction planning, scheduling, consultant coordination, site planning, environmental and civil due diligence, permitting, procurement, buyout, project management and controls, quality control, and project close-out and turnover.

With more than 20 years of experience, Chris leverages a diverse background that includes experience managing the construction of projects including commercial office, retail, residential, schools and higher education, laboratory fit-outs, hospitals, urban site work, parking garages and marine facilities.

He graduated from Lehigh University with a Bachelor of Science in Civil Engineering.

Cindy Schottanes
Manager – Development

Cindy Schottanes’ focus is on pre-development and pre-construction activities, with responsibilities that include master planning, programming, conceptual estimating and development scheduling.

She also assists in the entitlement process, and manages consultant coordination from planning inception, overseeing design, environmental and civil due diligence and cost reporting for numerous projects. Working as a bridge between the pre-development and construction management teams, Cindy aids in providing a seamless transition through all phases of a project.

She is a graduate of New Jersey Institute of Technology with a Bachelor of Science in Architecture and Master of Science in Civil Engineering, with specialty in Construction Development and Project Management.

Edyta Espasa
Project Manager – Civil / Land Development

At SJP, Edyta Espasa is focused on pre-planning and pre-construction. She has over 20 years of professional experience in engineering, land development design and construction administration, and is responsible for all aspects of pre-construction, project development, and planning for commercial and residential sites including due diligence review, feasibility studies, massing concepts, budgeting/estimating, design documents and specifications review, and entitlement, as well as oversight and coordination of retained consultants and attorneys.

Edyta’s project experience has included due diligence, demolition and all regulatory approvals for Prudential’s new corporate headquarters in Newark, N.J., and she was a key member of SJP’s development team working on the expansion of Somerset Corporate Center in Bridgewater, N.J.

She holds a Bachelor of Science in Civil Engineering from New Jersey Institute of Technology, and is a licensed professional engineer in the State of New Jersey, as well as a LEED Accredited Professional in Building.

Linda Stevens
Executive Administrative Assistant

An Executive Administrative Assistant for construction administration, Linda Stevens brings with her over 20 years of experience. In her role at SJP, Linda streamlines all contract and documents throughout all construction projects, including contracting, invoicing, software administration, NJEDA implementation and reporting, LEED-certification coordination, project permitting and Port Authority submissions.

Prior to joining SJP, Linda worked for a large international civil engineering firm and in the President’s office of a children’s hospital foundation, where she was the liaison for the Board of Trustees and oversaw the administrative management of a $30-million capital campaign for the construction of a new hospital.

Katherine Pozycki-Alonso
Director – Design

As Director of Design for SJP Properties, Katherine Pozycki-Alonso’s main focus is overseeing the interior and exterior design of all of SJP’s residential and commercial projects. Her responsibilities also include identifying development opportunities and analyzing neighborhood and market data for SJP Properties’ residential division. Mrs. Pozycki-Alonso is a licensed New York real estate broker. She is also an active member of the Association of Real Estate Women (AREW), Hudson River Park and Professional Women in Construction.

Prior to joining SJP Properties in 2008, Mrs. Pozycki-Alonso served as an educator, teaching math and science in the New York City public school system.

Mrs. Pozycki-Alonso holds a Master’s of Real Estate Development from New York University and a dual Master’s in Science of Education and Special Education from Pace University.

Matthew R. Breeden
Vice President – Development & Marketing

As a Vice President with SJP, Matthew Breeden is responsible for acquisitions as well as the development process and asset management of SJP’s residential properties in New York, New Jersey and the Southeast. Matthew also oversees market research, pre-development, community and political outreach marketing, sales and leasing, interior design, floor plan design and material procurement of SJP’s residential and commercial projects.

He holds a Master of Science in Real Estate Development from New York University and a Bachelor of Science in Business and Economics from Saint Mary’s College of California.

Sheri Dietz
Executive Assistant

Sheri Dietz has over 25 years of experience supporting top-level executives in an administrative role. At SJP, she supports the company’s marketing efforts, and is responsible for coordinating cross-departmental collaborations in order to provide the best combination of SJP services for each project.

Sheri recently completed a detailed business plan of a multi-building redevelopment project, successfully incorporating multiple departments’ submissions into one cohesive plan, as well as melding multiple construction and marketing professionals’ input into one final proposal submission.

Ted Sienicki
Manager – Real Estate Services

Ted Sienicki joined SJP Properties in 2001, and manages both the portfolio insurance program, and the insurance program for all new construction.   As Risk Manager, he is involved in all aspects of ongoing and special projects.  The complex relationship between personnel and safety, always at the core of every project, becomes more challenging with the size and pace of large operations, and Ted’s role includes assisting and advising Project Managers and Property Managers with risk analysis   

After graduating Brown University, Ted flew fighter-type aircraft in the US Air Force, during a 20 year career in the US, Europe, and Asia. He played a significant role in the operational testing and evaluation of complex systems. He later owned and managed an insurance agency in NJ, after starting as a licensed insurance agent.

Chris Heintz
Property Manager

Joining the SJP team in 2001, Chris currently manages 1.2 million square feet of office space for SJP Properties where national and international companies house their company headquarters. With 30 years’ experience in property maintenance & management, Chris brings a unique perspective to his role, providing overall leadership to the property team.  He oversees and coordinates the  day-to-day operations at this premier corporate headquarters location in central NJ. Chris’ strengths include a keen understanding of the infrastructure reliability necessary to ensure continued seamless operations at a headquarters location, as well as building and maintaining positive relationships with tenants, anticipating their needs and providing them with superior service.

Phil Picazio
Regional Property Manager

Phil joined SJP properties in 2002. Having worked in all facets of the SJP portfolio as Regional Property Manager, Phil now provides oversight of the engineering team and day to day operations of the New Jersey portfolio.  He ensures that all managed assets perform at their highest levels as well as to maintain best in class commercial environments for all tenants.

Phil’s extensive knowledge of mechanicals and building systems allows him to resolve complex operational issues as they arise without affecting tenant comfort and satisfaction, while also maximizing employee safety and clients’ bottom-line.

Phil is an active BOMA member and holds a Real Property Administration designation.  He is a licensed NJ real estate sales person, with a NJ Master HVAC Contractor’s license,  NJ Boiler Operator’s license and remains active in his local Boy Scouts of America Troop.

Andrew Natale
Chief Operating Officer

Andrew Natale is Chief Operating Officer of SJP Properties, providing organizational leadership to the SJP’s entire real estate platform. Andrew oversees construction, property management and staffing, in addition to the day-to-date operating performance of the company. His responsibilities include construction initiatives and activities covering the entire project life cycle for both SJP Properties’ real estate portfolio and consulting services for national corporations through the company’s third-party division, SJP Project Solutions.

Since joining SJP Properties in 2014, Andrew has overseen projects for both public and private companies in multiple market sectors. Under his leadership, SJP has completed hundreds of projects in both New York and New Jersey totaling well over 2.5 million square feet. Andrew’s teams have completed numerous base-building repositioning projects and amenity upgrades throughout the company’s portfolio. Additionally, Andrew leads SJP’s property management team and their oversight of Class A buildings totaling over four million square feet in the New York Metropolitan area.

Prior to joining SJP Properties, Andrew worked for a prominent nationwide construction management firm and gained extensive experience in projects including interior fit-out, occupied renovation, expansion/remodel, ground-up construction and site development. Throughout his career, Andrew has completed projects covering various industries including office and headquarters, technology, pharmaceuticals, life science, retail, government, industrial, hospitality, mixed-use, gaming and food service. 

Andrew is a graduate of Villanova University and holds a Bachelor of Science in Civil Engineering. 

John Betts
Senior Property Manager

John Betts brings more than 30 years of commercial property and facility management experience to his position as Senior Property Manager at SJP Properties. John is responsible for managing the day-to-day building operations and financial reporting while providing first-class management service throughout the Hoboken Waterfront Corporate Center portfolio.

John previously served as Property Manager for two other SJP office buildings which included Two Riverfront Plaza and 95 Greene Street. Prior to joining SJP Properties, John served in Facility and Building Operations Management for clients such as Volvo Cars NA and Tiffany & Company.  He has also worked for several third-party real estate firms including CBRE, Johnson Controls Inc. and Jones Lang LaSalle whose portfolios included Microsoft, TD Bank, Honeywell and Duane Reade.

John is a licensed real estate agent in New Jersey. He is a member of New Jersey BOMA and attended Trenton State College.

Riley McGuigan
Senior Project Manager

As a Project Engineer, Riley McGuigan is responsible for field coordination, document control and procurement management.

During his time at SJP, Riley has helped incorporate complex designs and adhere to extremely aggressive schedules to achieve exceptional results for interior fit-out projects on behalf of tenants including Kepos Capital, British Telecom, Jet.com, Thomson Reuters, Pearson Education, Newell Brands, and Cognizant.

He is a graduate of The Pennsylvania State University with a Bachelor of Science Degree in Mechanical Engineering.

Michael Gorman
Senior Project Manager

As a Project Manager, Michael Gorman brings more than seven years of construction experience in retail, healthcare, industrial, food service, cleanroom, and commercial office construction to his role at SJP.

He is responsible for managing all coordination among the design team, client, landlord, and subcontractors, including overseeing project material procurement and tracking, coordinating project schedule sequencing, reviewing all costs, and subcontractor change orders for accuracy and maintaining subcontractor tracking and invoicing.

Michael is a graduate of The Pennsylvania State University with a Bachelor of Science in Architectural Engineering.

Rebecca Sohn
Contract & Cost Manager

A Project Manager with 10 years of residential development experience, Rebecca Sohn is responsible for the project administration and ownership’s oversight of SJP’s residential developments. She collaborates with the team of architects, engineers, and consultants to coordinate the various disciplines, and works in conjunction with the Construction Manager through bidding, de-scoping and awarding all projects.

Rebecca is also actively involved in maintaining project budgets and reviewing all costs, change orders, and requisitions for accuracy, ensuring projects are completed within budget.

She graduated summa cum laude with a Bachelor of Arts Degree from Rutgers University.

Noelle du Toit
Assistant Controller

Noelle du Toit is responsible for financial reporting and oversees SJP Properties’ accounting functions and personnel.

Prior to joining SJP Properties, Ms. du Toit was a senior manager in the real estate practice of Mazars US LLP in New York City. She has over 16 years of experience specializing in providing advisory, tax and audit services to clients in the real estate industry including real estate investment advisors and private equity real estate funds as well as owner operator and developers.

She is a Charted Accountant and a graduate of the University of Pretoria South Africa with a BCom Accounting Sciences and a BCom Accounting Sciences Honours. Ms. du Toit is also a member of the New York State Society of Certified Public Accounts (NYSSCPA) and The American Institute of CPAs (AICPA).

Barbara Quintana
Director – Property Management

As Director of Property Management, Barbara provides leadership to the SJP Properties management teams of the commercial office portfolio in New York and New Jersey, including administering all property management operations, financial performance, and reporting. She leads the team across the various disciplines of running the portfolio to deliver a first-class operational management service, implementing the concierge level of service which exemplifies the SJP brand.  

Her prior role at SJP Properties was as General Manager for the New York property management teams, which included the SJP flagship at 11 Times Square.  Before joining SJP Properties, Barbara’s more than 30-year career spanned oversight of asset and facility  management teams of Class A properties in Chicago and New York for such clients as JP Morgan Chase, N.A., Fosun Property Holdings, Travelers Insurance Company, Banc One Corporation, and the First National Bank of Chicago. During that tenure, she has worked for several third-party real estate firms, including but not limited to, Cushman & Wakefield, Jones Lang LaSalle and CBRE.

Barbara is an active member of BOMA NY, a former Board member of BOMA Chicago and co-chair of that organization’s Mentorship Committee.  She served on the board of Mujeres Latinas en Acción, a bilingual/bicultural not for profit advocating and offering services to the Latino community in Chicago, where she was instrumental in helping them develop their new facility in 2003/04. She was recognized as a Business Leader of Color in 2003 by Chicago United and received an award for Mentorship Excellence in 2019 from the Committee for Hispanic Children and Families.

Barbara is a graduate of Harvard University with a Bachelor of Arts degree in Psychology.

Jonathan Southren
Project Engineer

As a Project Engineer, Jonathan Southren’s responsibilities at SJP include project procurement, quality assurance, and document control. Beginning his career with a large general contractor, he performed diverse roles on three separate projects learning the complexities of labor relations and project management.

He graduated from Stevens Institute of Technology with a Bachelor’s Degree in Civil Engineering.

Christina Honthy
Director of Asset Management

As Director of Asset Management, Tina provide oversight of the SJP Properties New Jersey portfolio and insures each property provides best-in-class property management including the concierge level of service which exemplifies the SJP brand.  In addition to her oversight of property management, Tina will handle business development, manage the relationships with existing and future tenants and partner directly with outside investors to utilize SJP as a 3rd party building operator.

Prior to joining SJP Properties, Tina was Associate Director of Management Services for Newmark Knight Frank. She joined the firm as Sr. Property Manager for a 1.4M SF Lehigh Valley portfolio owned by CapTrust and Penncap Properties. In late 2015 she was promoted to Associate Director of Management Services where she supported the Regional Director on business development, client and vendor relationships, staffing, quality controls and procedural oversight.

With more than 25 years of experience in executive administration, property management and mentorship, she has overseen NJ assignments of up to 6+M SF and over 80 employees. These assets consisted of Class A office, retail, residential and multi-family, medical and flex-warehouse, with a tenant base ranging from Fortune 500 corporate occupiers and charter schools to non-profit organizations.

Ms. Honthy earned her Bachelor of Science in Business Administration from Centenary University and holds Real Estate Salesperson licenses in Pennsylvania and New Jersey. An active member of BOMA, Corenet and IFMA, she also serves on the board of the County Alcoholism Steering Subcommittee for Hunterdon County and Municipal Alliance. In past endeavors, Tina was selected for the 2014 NKF Property Management Team of the Year Award, the 2016 Hunterdon County Volunteer of the Year under Governor’s Council on Alcoholism and Drug Abuse, and the 2018 BOMA Heart Award. She works tirelessly to raise awareness for substance use disorder and has been a NJ advocate for Shatterproof.org since 2014.

Dylan McMahon
Project Engineer

As a Project Engineer, Dylan McMahon’s responsibilities at SJP include office build-outs including pre-construction, budgeting, value engineering, construction and close outs.  Prior to joining SJP, Dylan has specialized in residential construction in Brooklyn, Hoboken, Jersey City, as well as other locations throughout the boroughs of New York and the townships of Hudson County.

He graduated from The Catholic University of America School of Architecture & Planning with a Bachelor of Science in Architecture.

Laura Paridy
Development Analyst

As Development Analyst for SJP Properties, Laura Paridy provides analytical and financial support to the financing, acquisition, development and leasing teams at SJP Properties. 

Laura’s primary responsibilities include underwriting potential acquisition and development opportunities, performing due diligence on prospective investments and assisting throughout the acquisition process. 

Ms. Paridy also supports the asset management team, leveraging her analytic skill for the ongoing monitoring of existing investments and exploring the best options for the team’s decision-making process in order to maximize asset value. 

Prior to joining SJP Properties in 2015, Laura spent over a decade working in real estate accounting and asset management.  During that time, she developed a broad knowledge of residential and commercial real estate investments with experience including acquisitions, development and commercial/residential real estate lending.    

Laura holds a BS in Accounting from Ramapo College of New Jersey. 

Josh Ashcraft
Property Manager

Josh Ashcraft brings eight years of commercial property management experience to SJP Properties. As a Property Manager, Josh currently manages building staff, tenant relations and vendor relationships at 200 Wood Avenue South in Iselin, New Jersey as well as M Station in Morristown, New Jersey. Since joining SJP, Josh has overseen multiple third-party property management assignments for the firm in addition to serving as Property Manager at Somerset Corporate Center, a 1.2 million square foot multi-building asset located in Bridgewater, New Jersey.

Prior to joining SJP Properties, Josh was Property Manager for Rubenstein Partners overseeing the repositioning of Makefield Crossing, a Class A multi-building campus of over 500,000 square feet located outside of Philadelphia. Josh also spent four years with Hines where he managed 499 Park Avenue, a 300,000 square foot trophy asset located in the Plaza District of Midtown Manhattan. Additional experience at Hines includes overseeing day-to-day operations of 55 Railroad Avenue and the redevelopment of Pickwick Plaza. Both properties are Class A assets located in Greenwich, Connecticut.

Josh earned a Bachelor of Arts from Rutgers University where he was a student athlete as part of the men’s varsity lacrosse program.

Patrick Jennings
Senior Vice President – Acquisitions

Patrick has 21 years of real estate experience in New York City and other select markets around the United States.  Prior to joining SJP, Patrick worked with Arden Group for four and a half years, where he spearheaded the growth of the office investment platform and, for the last two years there, Patrick directed the day-to-day fundraising, strategy, deal sourcing, and asset management responsibilities for the multifamily and student housing assets acquired in the firm’s qualified opportunity zone fund.  Patrick previously worked for 14 years at Murray Hill Properties in New York City, where he managed investments across the value-add lifecycle, from sourcing through disposition, including oversight of financial due diligence, deal structuring and capitalization, business plan development, and plan execution.

Gregory Mauro
Project Manager

As a Project Manager for SJP, Greg Mauro brings more than nine years of experience delivering office, residential and mixed-use projects to his role at SJP. 

Greg’s primary responsibilities include managing the pre-development, design, preconstruction, construction, and closeout to achieve the specified quality, cost and schedule.  He closely coordinates with the client, design team and construction manager to execute the procurement, design coordination, utility coordination, value engineering, constructability review, scheduling, cost management, construction quality control, commissioning and closeout for the project. 

Greg graduated from Cornell University with a Bachelor of Science in Civil Engineering and Minor in Real Estate.

Antonette Prudente
Risk Manager

As the Risk Manager for SJP Properties, Antonette Prudente is responsible for handling all facets of the company’s insurance portfolio, including policy renewals, risk assessment, loss prevention and claims management.

With more than 10 years of experience in the risk management industry, Antonette was the Risk Manager for Degussa Corporation, where she worked as the stateside liaison for their international holdings department handing Degussa’s corporate insurance program, including offshore captive insurance programs. She also served as the Senior Risk Analyst at the Bank of New York where she managed the insurance portfolio for the bank’s properties. 

Antonette is a graduate of Montclair State University and holds a Bachelor of Science in Business Administration with a minor degree in Marketing.

Alexander Erdos
Senior Vice President – Leasing & Marketing

As Senior Vice President of Leasing and Marketing at SJP, Alex works directly with CEO and Founder Steve Pozycki to oversee business development, leasing, and marketing — focusing on expanding SJP’s entire portfolio, and spearheading progress on SJP’s transformational projects, including M Station, the Metropark office campus, and Waterfront Corporate Center. Alex will also contribute to the strategic growth of SJP Project Solutions, the company’s third-party development management business.

Prior to joining SJP, Alex served as Vice President at CBRE in Midtown Manhattan, where he was an integral part of the Northeast Consulting team responsible for advising and representing a broad range of owners and occupiers in the office and life science sectors. Alex’s decade of experience in commercial real estate combined with his legal background has enabled him to successfully navigate complex transactions for his clients. During his career, Alex has represented numerous venture-backed occupiers as well as publicly traded companies including Sony, Pfizer, Inc., and Nestlé in addition to guiding owners in repositioning assets to maximize value. He has received a number of awards, including the Commercial Observer 30 Under 30, during the earlier stage of his career at Eastern Consolidated where he built foundational experience in capital markets and investments sales.

Alex holds a bachelor’s degree from University of Pennsylvania and a law degree from Suffolk University Law School.

Mary Tanzer
General Manager

Mary Tanzer brings more than a decade of commercial property management experience to her position as General Manager at SJP Properties. Mary works closely with the property management teams to manage building staff, tenant relations and vendor relationships throughout the firm’s New York portfolio, which includes the SJP flagship at 11 Times Square.

Prior to joining SJP Properties, Mary was the Director of Property Management for Savitt Partners, managing the day-to-day activities of five assets in the garment district. Previously, she was the Property Manager of 30 Rockefeller Center where she was integral to the development of a centralized procurement division within Tishman Speyer and was the Senior Manager of Facilities/Operations supporting the NBCUniversal client at 30 Rockefeller Center and NBCU/CNBC in Englewood Cliffs, NJ. Mary’s career has spanned oversight of several Class A properties, including Hearst Tower and 200 Park Avenue where she was focused on the initiation and management of all core business processes including leasing, tenant relations, marketing, maintenance, budgeting, accounts receivable and accounts payable.

Mary earned a Bachelor of Arts degree in English from William Paterson University.  

Francis Noonan
Regional Property Manager

Francis Noonan brings a decade of commercial operations experience to SJP. He is responsible for all aspects of property management within New York and New Jersey. Francis oversees managed assets portfolio-wide to ensure that operations, financial reporting and performance are in alignment with SJP’s policies and objectives. He performs due diligence on target acquisitions and analyzes reporting and budgeting for SJP assets.

Most recently, Francis was the Lead Operating Engineer for Cushman & Wakefield, where he was responsible for directing and supervising maintenance and repairs of all HVAC equipment at MetLife Headquarters located at 200 Park Avenue. In addition to contributions to the development of the annual operating budget for building systems and capital improvement planning, Francis’ day-to-day responsibilities included executing facility strategy, project management of capital projects and creating new methods of procedures and standard operating procedures. Francis’ prior experience includes campus operations most notably at Rockefeller Center for Tishman Speyer and JP Morgan Chase’s Midtown Park Avenue portfolio for Jones Lang Lasalle.

Francis was the 2019 BOMA NY Engineer of the Year, is a Licensed Real-Estate Salesperson in NJ and received his master’s degree in Real Estate from the NYU Schack School of Real Estate in 2020.

Rikki Kessler
Development & Marketing Associate
Susie Giampietri
Property Manager

Susie Giampietri brings more than a decade of commercial property management experience to her position as Property Manager at SJP Properties. Susie manages the building staff, tenant relations and vendor relationships at 470 Park Avenue South.

Prior to joining SJP Properties, Susie was Senior Facilities Manager for Tishman Speyer supporting the client at NBC/CNBC in their critical facility at Englewood Cliffs, NJ.  Previously, she served as the Assistant Property Manager to several Class A buildings including the Hearst Tower where she was part of the team that opened and managed New York’s first LEED Gold certified building and the iconic Chrysler Building where she focused on project management, operations, tenant relations, maintenance, budgeting, accounts receivable and accounts payable.

Susie earned a Bachelor of Science degree in International Business at Fordham University.  

Alex Bass
Project Manager

As a Project Manager for SJP, Alex Bass is responsible for the execution of projects through the entire life cycle with a focus on creating and maintaining project schedules, coordination, budgeting and document control. He comes to SJP with five plus years of construction experience with a general contractor/construction manager where he worked on-site to manage renovations of premier New York City properties. Prior to embarking on a career in real estate, Alex managed physical and financial pipeline trade operations in the commodities industry.

Alex is a graduate of NYU’s Schack Institute of Real Estate with a Master of Science in Real Estate Development as well as a graduate of the University of Connecticut’s School of Business with a Bachelor of Science in Finance.

Robert Williams
Project Engineer

As a Project Engineer, Robert Williams is responsible for coordinating daily field operations, project procurement and document control. Prior to joining the SJP Properties construction team, Robert previously worked for a general contractor carrying out large scale utility and heavy highway projects in New Jersey. He brings five years of construction experience to SJP, continuously working to complete projects on time and under budget without sacrificing quality of work.

Robert is a graduate of Stevens Institute of Technology with an Engineering Management Bachelor’s Degree with a concentration in Financial Engineering.

Melanie Rivera
Property Manager

Melanie Rivera brings a decade of commercial real estate experience to her role as Property Manager at SJP Properties. Ms. Rivera is responsible for the day-to-day building operations, tenant relations and vendor management at Two Riverfront Plaza, all while providing top tier management service.

Prior to joining SJP Properties, Ms. Rivera was the Assistant Property Manager for Paramount Group, managing the day-to-day activities of 1633 Broadway, a 2.5 million square foot commercial office asset. Ms. Rivera’s expertise includes operations management, financial reporting and tenant and employee relations.  Ms. Rivera has also worked for L&L Holding Company where she served as Property Assistant to multiple properties, including 114 Fifth Avenue and 511-541 West 25th Street, managing unique clients such as several art galleries, fashion houses, startup tech companies and music studios.

Audrey Bauer
Acquisitions Associate

Audrey Bauer is an Acquisitions Associate who joins SJP with more than five years of experience in real estate acquisitions and over $647M in executed transaction volume. Audrey will report to SJP Chief Financial Officer David Welch and Senior Vice President – Acquisitions Patrick Jennings in support of new acquisition and development opportunities across asset classes.

Prior to joining SJP, Audrey was an Investment Associate at CanAm Enterprises where she sourced, executed, and analyzed equity and debt opportunities across all geographies and real estate product types. She spent the preceding two years as an Acquisitions Analyst at Interstate Equities Corporation (IEC) in San Francisco where she was responsible for underwriting, analyzing and conducting due diligence on value-add, multifamily property acquisitions throughout the state of California.

Audrey currently resides in NYC and graduated from the Stephen M. Ross School of Business at the University of Michigan - Ann Arbor with her Bachelor of Business Administration.

Matthew Trombetta
Project Manager

As a Project Manager, Matthew Trombetta brings more than eight (8) plus years of construction and property management experience in the industry, managing multi-million-dollar projects of transportation, retail, senior living, commercial office, land remediation / site-work, and data-center construction.  He is responsible for managing coordination with trade partners, owners, vendors, design teams, and local authorities, while tracking procurement and schedule all the way through project completion. Matthew is a graduate of New Jersey Institute of Technology with a Bachelor’s Degree in Architecture.

Janelle Rodriguez
General Manager

Janelle Rodriguez brings more than a decade of commercial property management experience to her position as General Manager at SJP Properties. Janelle works closely with the property management team to manage building staff, tenant relations and vendor relationships throughout the firm’s flagship at Eleven Times Square.

Prior to joining SJP Properties, Janelle was the Assistant Property Manager for Silverstein Properties, managing the day-to-day activities of 1177 Avenue of the Americas, a 1 million square foot commercial office trophy asset. Janelle’s expertise includes operations management, service contract negotiations, lease management, finance and tenant and employee relations.  Previously, she was the Assistant Property Manager of 3 World Trade Center, playing a major role in opening and welcoming over 5,000 employees to the LEED Gold certified, newly constructed 2.5 million square foot office tower.

Janelle is a member of BOMA and has a Baccalaureate Degree in Sociology with a minor in English from Hunter College of the City University of New York.

Jessica Carpluk
Project Coordinator

A Project Coordinator for the Project Management team, Jessica Carpluk has over 10 years of experience in the industry.  In her role at SJP, Jessica streamlines all administrative processes including vendor contracts, invoicing and change orders, project submittal management, software administration and ICAP project coordination.

Before joining SJP, Jessica worked for a residential real estate developer.  Through her time there, she oversaw the construction administration of more than 20 multifamily residential projects.

Grady Smith
Project Engineer

As a Project Engineer, Grady Smith is responsible for field coordination, document control and procurement management. During his time at SJP, Grady has helped incorporate complex designs and has adhered to extremely aggressive schedules to achieve exceptional results for interior fit-out projects on behalf of tenants including DSV and Siemens.

He is a graduate of The College of the Holy Cross with a Bachelor of Arts in Political Science.

Leah Denzien
Marketing Coordinator

As Marketing Coordinator, Leah Denzien works directly with Senior Vice President – Leasing & Marketing, Alexander Erdos, to produce and update marketing materials including brochures, presentation decks, maps and email and social media content. She is responsible for several SJP-related websites, advertising, branding, event coordination and management and oversight of press releases, ads and feature stories for trade publications. Leah works with the team to prepare award submissions for the company as well as individuals. In addition, Leah assists in the selection of furnishings and artwork for the SJP portfolio. She also coordinates photography of the portfolio as well as corporate events and tracks industry events and registers individuals accordingly. Leah is proficient in Adobe InDesign, Adobe Photoshop, Adobe Illustrator, Adobe After Effects and Adobe Premiere Pro.

Leah has a background in both real estate and design, having previously served as a senior client services coordinator at Savills in New York City, supporting a fast-paced team. Prior to working at Savills, Leah started her career as a freelance designer, assisting marketing in corporate relocations and logistics.

Leah is a graduate of Pratt Institute’s School of Design with a Bachelor of Fine Arts in Communications Design with a focus in graphic design.

Jeffrey Schwint
Senior Property Manager

Jeff Schwint is the Senior Property Manager at SJP Properties for Somerset Corporate Center, a 1.2 million square foot multi-building asset located in Bridgewater, New Jersey, and our Morristown campus, consisting of M Station East, 70 Speedwell Avenue, and the soon to be constructed M Station West.  Jeff has operational oversight and responsibility for 1.8 million square feet of our premier real estate assets housing several Class A tenants, including Deloitte LLP, Valley National Bank, Bausch, Messer and Qualcomm.

Over the span of his more than 20-year career in property management, Jeff has served as Operations Director for such notable companies as Simon Property Group, Hudson Bay Company and Saks Fifth Avenue.  Most recently, Jeff oversaw operations and facility management at Newport Centre, Newport Plaza and Newport Crossing, consisting of two million square feet. As Operations Director, Jeff was responsible for all facets of facility operations, tenant construction, financial management and contract and risk management for the sites.  

Jeff has a Bachelor of Science in Business Administration from Fordham University and is a member of BOMA.

Erica Novoa
Property Manager

Erica Novoa brings over 25 years of commercial and residential experience to her position as Property Manager at SJP Properties. Erica is responsible for managing the day-to-day building operations and financial reporting while providing first-class management services and fostering a positive tenant relationship.

Prior to joining SJP Properties, Erica served as Property Manager for Jamestown LP/Industry City in Brooklyn.  In this role, she oversaw a portfolio of 350+ creative workshop studios and offices, each ranging from 600 to 4,000 square feet. Throughout her career, Erica has worked for real estate firms such as Insignia/Douglas Elliman and Rendina Healthcare Partners and has accumulated a wealth of experience in managing a variety of building assets including Class A residential and office spaces, medical offices, warehouses and retail properties.

Erica is currently working towards obtaining the RPA Designation and attended Essex Community College. 

Anthony Isidro
Project Engineer

As a Project Engineer, Anthony Isidro is responsible for field coordination with trade partners and sequencing of activities, ensuring constructability coincides with designs, maintaining schedules, document control, permitting and facilitating owner/landlord relationships. He comes to SJP with five years’ experience in construction management/general contracting focusing on field activities in the pharmaceutical, educational and commercial office markets.

Having started his career in the building trades, Anthony brings hands-on experience to his role in construction management.

Steven J. Pozycki
Founder, Chairman and CEO

Steven J. Pozycki is Chairman and CEO of SJP Properties. Mr. Pozycki assembled SJP in 1981 and has since spearheaded the organization’s continued growth to become one of the most active and reputable real estate development companies in the New York Metropolitan region.

Prior to his founding SJP, Mr. Pozycki had 10 years of institutional experience in real estate finance, first with Metropolitan Life Insurance Co. and then with Equitable Life Assurance Society. He also previously ran the finance office for Lincoln Property Company in New York City that became the firm’s in-house investment banking operation.

In 1981, Mr. Pozycki acquired and began developing his first real estate project under SJP Properties, a 182-acre corporate park in Parsippany, NJ, known as Morris Corporate Center. Since that time, he and the SJP Properties team have successfully developed more than 25 million square feet of ground-up real estate projects in partnership with major public and private institutions.

Mr. Pozycki is a member of the Board of Trustees of Monmouth University and a member of the Executive Advisory Board of Monmouth University's Real Estate Institute, which has also honored him with its prestigious "Leadership Excellence Award." He is very active in a number of civic and charitable organizations. 

David R. Welch
Chief Financial Officer

David Welch has served as the Chief Financial Officer for SJP Properties since the company’s founding in 1981. He is responsible for managing all financial, investment and partnership activities, and is involved in all aspects of the company’s operations.

Mr. Welch arranges the debt for all of SJP Properties' real estate projects, establishes the company’s equity joint ventures and oversees the disposition of SJP Properties' commercial assets. Mr. Welch also plays an instrumental role in negotiations for major leases and tenant joint ventures throughout the company’s portfolio.

Prior to joining SJP, Mr. Welch worked alongside SJP Properties’ Chairman and CEO, Steven J. Pozycki, at Equitable Life Insurance and Lincoln Property Company. He is a graduate of Indiana University with a B.A. in Business Administration with a concentration in real estate.

Doug Allen
Executive Vice President – Planning & Construction

As Executive Vice President of Planning and Construction for SJP Properties, Doug Allen is responsible for all of the company’s pre-development and pre-construction programs across a multi-million square foot portfolio.

Mr. Allen joined SJP Properties in 1986 with 12 years prior experience in construction management of commercial and healthcare facilities. His pre-development and pre-construction experience includes responsibility for supervising and coordinating the master planning, programming and design and approval of the development process to ensure constructability, maximum value engineering and optimal layout efficiency. Mr. Allen received a Bachelors of Science in Construction Management from Utica College of Syracuse University.

Loren Schonhaut
Corporate Controller / Asset Management

Loren Schonhaut joined SJP Properties in 1995 and is in charge of financial reporting, contract administration, compliance, tax and audit functions. He interfaces directly with lenders and investors and oversees SJP Properties’ accounting and financial reporting department. Mr. Schonhaut is a Certified Public Accountant with over 25 years experience in both real estate and construction accounting.

After graduating with honors from the State University of New York at Buffalo with an accounting degree, Mr. Schonhaut went on to spend five years in public accounting, including two years with Laventhal & Horwath in New York City. He then joined a well-known New York developer where he was responsible for the financial analysis and reporting requirements of a large portfolio of properties.

Enrique Alonso
Principal

As a Principal with SJP Properties, Enrique is responsible for business development, including sourcing and financing residential and commercial investment and development opportunities.  Enrique also manages the Family Office deploying the family’s capital in venture areas outside of SJP’s core business as well as philanthropic causes.

Enrique holds a Master of Business Administration from Stanford Graduate School of Business and a Bachelor of Arts degree from Amherst College.  Mr. Alonso and his family reside in Puerto Rico.

Peter J. Bronsnick
President - New Jersey Region

As President of the New Jersey Region, Peter Bronsnick provides leadership for the company in New Jersey, and works directly with CEO and Founder Steven J. Pozycki and other key executives to establish short and long-term goals, strategies and company vision for the organization.

A veteran of the commercial real estate industry, Peter oversees business development, marketing, leasing and external affairs - focusing on the strategic growth of SJP’s 3.5 million-square-foot New Jersey portfolio and its third-party development management business. As part of this effort, Peter continues to identify new partnerships in the investment community and work with SJP’s existing equity partners. 

Peter joined SJP Properties in 2012 and has since spearheaded the completion of more than three million square feet of leases on behalf of the company. Prior to joining SJP, Peter served as Vice President with RXR Realty Corp. where he handled leasing and acquisitions for the company’s New Jersey portfolio. He also served as Leasing Director for Mack-Cali Realty Corp., where he managed leasing for the company’s 11 million-square-foot portfolio in New Jersey’s Bergen and Hudson Counties. During his career, Peter has completed transactions with many premier corporations, including Walmart, Deloitte, Newell Rubbermaid, Ernst & Young, Oracle, Marsh & McLennan, Linde Gas, iconectiv, Bausch Health, Qualcomm, Wells Fargo, Merrill Lynch and NICE Systems.

Peter holds a bachelor’s degree in Marketing from Michigan State University and a Master of Science in Real Estate from New York University.

Tony Tirri
Director of Property Managment

Mr. Tirri joined SJP Properties in 2000 and oversees property management of the entire multi-million square foot  portfolio which includes management of all staff for both commercial and residential properties. He has made substantial improvements to energy efficiency and waste stream reduction in addition to spearheading all system upgrades and capital improvements.

Prior to joining SJP Properties, Mr. Tirri was Director of Facilities for Magnavox, where he managed approximately 2.5 million square feet of office and R&D / Production real estate. In this capacity, he oversaw the construction, budgeting, and maintenance throughout New Jersey. He also had full responsibility for the day-to-day property management functions for all New Jersey locations.

Mr. Tirri holds a New Jersey State Real Estate License and is a member of BOMA (Building Owners and Managers Association). Since attending the University of Arizona he has had more than 30 years of management experience.

Grant Eula
Vice President, Design & Construction

Grant Eula is involved in the comprehensive review of a project’s construction design. Mr. Eula tracks shop drawings, bid packages, and contractors’ requests for information during the construction process.

A graduate of Pratt Institute with a degree in architecture, Mr. Eula has more than 30 years of experience in architecture and construction. Prior to joining SJP Properties, Grant was Director of Major Projects for Western Electric, AT&T and Lucent Technologies where he managed the design and construction of over 20 million square feet of large scale new construction and renovation projects in the U.S., Europe and Asia. His experience includes the design and construction management of both investment grade and build-to-suit facilities including corporate headquarters, Class A office buildings, residential buildings, hotels, and high-tech R&D facilities. Mr. Eula’s expertise includes site evaluation, due diligence, zoning approvals, master planning, architectural programming, conceptual and detailed estimating, design and consultant coordination, subcontractor scope development, scheduling and procurement as well as construction project management.

Victor Cividini
Executive Vice President – Residential

As a Executive Vice President of Residential Construction for SJP Properties, Victor Cividini is cross-trained to perform all aspects of development including planning, coordination, budgeting, value engineering, constructability reviews, scheduling, procurement, city permitting, administration and controlling construction. As a Project Executive, Mr. Cividini has most recently participated in the $500 million development of The Modern which is situated on a 7.75 acre parcel in Fort Lee, New Jersey and consists of two 47 story towers, 900 luxury rental apartments, a two acre park and some retail elements.

Mr. Cividini is a proud graduate of the University of Delaware where he received his Bachelors of Science in Civil Engineering. During his first 11 years at a New Jersey based contractor, Mr. Cividini developed a diverse project portfolio including pharmaceutical labs, senior living facilities, commercial office buildings, and big box retail. In 2005, when Mr. Cividini joined SJP Properties, he immediately assisted in the construction of the Staybridge Suites Hotel in Parsippany, New Jersey while managing the on site development of two residential towers in Manhattan: 45 Park Avenue, a 22 story, 105 unit luxury condominium building and Platinum, a 43 story, 220 unit luxury condominium building on the west side of Manhattan. The combined projects’ development cost was nearly $400 million. With 20 years of construction experience, Mr. Cividini continues to demonstrate the integrity, experience, commitment to details, team building and leadership attributes necessary to ensure successful projects, while maintaining a core understanding of the marketing, advertising and management efforts necessary for each development.

John W. Nolan
Senior Vice President – Construction

With over 35 years of construction experience, John Nolan is responsible for managing pre-construction, budgeting, value engineering, buy outs, construction and close-outs for SJP’s construction projects.

He has worked extensively with local subcontractor pools on dozens of projects throughout his career, affording him a unique understanding of local policies, logistics and inspection procedures to ensure projects are completed efficiently and in accordance with all requirements.

John began his career in construction after attending Delhi University.

Brian Wedlick
Senior Project Manager

As a Project Manager, Brian Wedlick’s responsibilities at SJP include all facets of project delivery, notably planning stage management, entitlement, permitting, consultant management, conceptual estimating, budgeting, requests for proposals, constructability reviews, cost management, scheduling, procurement, value engineering, project administration, and construction management through close-out and occupancy.

Brian excels in management, coordination, integration and implementation of information technology, audiovisual systems, distributed antenna systems, security, and all other low-voltage based systems.

He graduated from The College of New Jersey with a Bachelor of Science in Electrical Engineering.

Michael Sorensen
Project Manager

A Project Manager for SJP, Michael Sorensen has over 30 years of experience specializing in all aspects of residential construction.

He is responsible for overseeing daily development site activities on all of SJP’s residential projects, and is also responsible for quality assurance and quality control for all phases of the projects. Michael’s hands-on approach and unparalleled understanding of the residential construction process allows him to resolve construction issues as they arise without adversely affecting budgets or schedules.

During his career, he has been directly involved in the construction of over 3,000 apartments in the New York and New Jersey markets, as well as the construction of numerous supporting retail, food service and amenity facilities.

Chris Pastore
Senior Vice President – Construction

Chris Pastore’s focus at SJP encompasses all aspects of development, construction and project management. His responsibilities include conceptual estimating, design review, pre-construction planning, scheduling, consultant coordination, site planning, environmental and civil due diligence, permitting, procurement, buyout, project management and controls, quality control, and project close-out and turnover.

With more than 20 years of experience, Chris leverages a diverse background that includes experience managing the construction of projects including commercial office, retail, residential, schools and higher education, laboratory fit-outs, hospitals, urban site work, parking garages and marine facilities.

He graduated from Lehigh University with a Bachelor of Science in Civil Engineering.

Cindy Schottanes
Manager – Development

Cindy Schottanes’ focus is on pre-development and pre-construction activities, with responsibilities that include master planning, programming, conceptual estimating and development scheduling.

She also assists in the entitlement process, and manages consultant coordination from planning inception, overseeing design, environmental and civil due diligence and cost reporting for numerous projects. Working as a bridge between the pre-development and construction management teams, Cindy aids in providing a seamless transition through all phases of a project.

She is a graduate of New Jersey Institute of Technology with a Bachelor of Science in Architecture and Master of Science in Civil Engineering, with specialty in Construction Development and Project Management.

Edyta Espasa
Project Manager – Civil / Land Development

At SJP, Edyta Espasa is focused on pre-planning and pre-construction. She has over 20 years of professional experience in engineering, land development design and construction administration, and is responsible for all aspects of pre-construction, project development, and planning for commercial and residential sites including due diligence review, feasibility studies, massing concepts, budgeting/estimating, design documents and specifications review, and entitlement, as well as oversight and coordination of retained consultants and attorneys.

Edyta’s project experience has included due diligence, demolition and all regulatory approvals for Prudential’s new corporate headquarters in Newark, N.J., and she was a key member of SJP’s development team working on the expansion of Somerset Corporate Center in Bridgewater, N.J.

She holds a Bachelor of Science in Civil Engineering from New Jersey Institute of Technology, and is a licensed professional engineer in the State of New Jersey, as well as a LEED Accredited Professional in Building.

Linda Stevens
Executive Administrative Assistant

An Executive Administrative Assistant for construction administration, Linda Stevens brings with her over 20 years of experience. In her role at SJP, Linda streamlines all contract and documents throughout all construction projects, including contracting, invoicing, software administration, NJEDA implementation and reporting, LEED-certification coordination, project permitting and Port Authority submissions.

Prior to joining SJP, Linda worked for a large international civil engineering firm and in the President’s office of a children’s hospital foundation, where she was the liaison for the Board of Trustees and oversaw the administrative management of a $30-million capital campaign for the construction of a new hospital.

Katherine Pozycki-Alonso
Director – Design

As Director of Design for SJP Properties, Katherine Pozycki-Alonso’s main focus is overseeing the interior and exterior design of all of SJP’s residential and commercial projects. Her responsibilities also include identifying development opportunities and analyzing neighborhood and market data for SJP Properties’ residential division. Mrs. Pozycki-Alonso is a licensed New York real estate broker. She is also an active member of the Association of Real Estate Women (AREW), Hudson River Park and Professional Women in Construction.

Prior to joining SJP Properties in 2008, Mrs. Pozycki-Alonso served as an educator, teaching math and science in the New York City public school system.

Mrs. Pozycki-Alonso holds a Master’s of Real Estate Development from New York University and a dual Master’s in Science of Education and Special Education from Pace University.

Matthew R. Breeden
Vice President – Development & Marketing

As a Vice President with SJP, Matthew Breeden is responsible for acquisitions as well as the development process and asset management of SJP’s residential properties in New York, New Jersey and the Southeast. Matthew also oversees market research, pre-development, community and political outreach marketing, sales and leasing, interior design, floor plan design and material procurement of SJP’s residential and commercial projects.

He holds a Master of Science in Real Estate Development from New York University and a Bachelor of Science in Business and Economics from Saint Mary’s College of California.

Sheri Dietz
Executive Assistant

Sheri Dietz has over 25 years of experience supporting top-level executives in an administrative role. At SJP, she supports the company’s marketing efforts, and is responsible for coordinating cross-departmental collaborations in order to provide the best combination of SJP services for each project.

Sheri recently completed a detailed business plan of a multi-building redevelopment project, successfully incorporating multiple departments’ submissions into one cohesive plan, as well as melding multiple construction and marketing professionals’ input into one final proposal submission.

Ted Sienicki
Manager – Real Estate Services

Ted Sienicki joined SJP Properties in 2001, and manages both the portfolio insurance program, and the insurance program for all new construction.   As Risk Manager, he is involved in all aspects of ongoing and special projects.  The complex relationship between personnel and safety, always at the core of every project, becomes more challenging with the size and pace of large operations, and Ted’s role includes assisting and advising Project Managers and Property Managers with risk analysis   

After graduating Brown University, Ted flew fighter-type aircraft in the US Air Force, during a 20 year career in the US, Europe, and Asia. He played a significant role in the operational testing and evaluation of complex systems. He later owned and managed an insurance agency in NJ, after starting as a licensed insurance agent.

Chris Heintz
Property Manager

Joining the SJP team in 2001, Chris currently manages 1.2 million square feet of office space for SJP Properties where national and international companies house their company headquarters. With 30 years’ experience in property maintenance & management, Chris brings a unique perspective to his role, providing overall leadership to the property team.  He oversees and coordinates the  day-to-day operations at this premier corporate headquarters location in central NJ. Chris’ strengths include a keen understanding of the infrastructure reliability necessary to ensure continued seamless operations at a headquarters location, as well as building and maintaining positive relationships with tenants, anticipating their needs and providing them with superior service.

Phil Picazio
Regional Property Manager

Phil joined SJP properties in 2002. Having worked in all facets of the SJP portfolio as Regional Property Manager, Phil now provides oversight of the engineering team and day to day operations of the New Jersey portfolio.  He ensures that all managed assets perform at their highest levels as well as to maintain best in class commercial environments for all tenants.

Phil’s extensive knowledge of mechanicals and building systems allows him to resolve complex operational issues as they arise without affecting tenant comfort and satisfaction, while also maximizing employee safety and clients’ bottom-line.

Phil is an active BOMA member and holds a Real Property Administration designation.  He is a licensed NJ real estate sales person, with a NJ Master HVAC Contractor’s license,  NJ Boiler Operator’s license and remains active in his local Boy Scouts of America Troop.

Andrew Natale
Chief Operating Officer

Andrew Natale is Chief Operating Officer of SJP Properties, providing organizational leadership to the SJP’s entire real estate platform. Andrew oversees construction, property management and staffing, in addition to the day-to-date operating performance of the company. His responsibilities include construction initiatives and activities covering the entire project life cycle for both SJP Properties’ real estate portfolio and consulting services for national corporations through the company’s third-party division, SJP Project Solutions.

Since joining SJP Properties in 2014, Andrew has overseen projects for both public and private companies in multiple market sectors. Under his leadership, SJP has completed hundreds of projects in both New York and New Jersey totaling well over 2.5 million square feet. Andrew’s teams have completed numerous base-building repositioning projects and amenity upgrades throughout the company’s portfolio. Additionally, Andrew leads SJP’s property management team and their oversight of Class A buildings totaling over four million square feet in the New York Metropolitan area.

Prior to joining SJP Properties, Andrew worked for a prominent nationwide construction management firm and gained extensive experience in projects including interior fit-out, occupied renovation, expansion/remodel, ground-up construction and site development. Throughout his career, Andrew has completed projects covering various industries including office and headquarters, technology, pharmaceuticals, life science, retail, government, industrial, hospitality, mixed-use, gaming and food service. 

Andrew is a graduate of Villanova University and holds a Bachelor of Science in Civil Engineering. 

John Betts
Senior Property Manager

John Betts brings more than 30 years of commercial property and facility management experience to his position as Senior Property Manager at SJP Properties. John is responsible for managing the day-to-day building operations and financial reporting while providing first-class management service throughout the Hoboken Waterfront Corporate Center portfolio.

John previously served as Property Manager for two other SJP office buildings which included Two Riverfront Plaza and 95 Greene Street. Prior to joining SJP Properties, John served in Facility and Building Operations Management for clients such as Volvo Cars NA and Tiffany & Company.  He has also worked for several third-party real estate firms including CBRE, Johnson Controls Inc. and Jones Lang LaSalle whose portfolios included Microsoft, TD Bank, Honeywell and Duane Reade.

John is a licensed real estate agent in New Jersey. He is a member of New Jersey BOMA and attended Trenton State College.

Riley McGuigan
Senior Project Manager

As a Project Engineer, Riley McGuigan is responsible for field coordination, document control and procurement management.

During his time at SJP, Riley has helped incorporate complex designs and adhere to extremely aggressive schedules to achieve exceptional results for interior fit-out projects on behalf of tenants including Kepos Capital, British Telecom, Jet.com, Thomson Reuters, Pearson Education, Newell Brands, and Cognizant.

He is a graduate of The Pennsylvania State University with a Bachelor of Science Degree in Mechanical Engineering.

Michael Gorman
Senior Project Manager

As a Project Manager, Michael Gorman brings more than seven years of construction experience in retail, healthcare, industrial, food service, cleanroom, and commercial office construction to his role at SJP.

He is responsible for managing all coordination among the design team, client, landlord, and subcontractors, including overseeing project material procurement and tracking, coordinating project schedule sequencing, reviewing all costs, and subcontractor change orders for accuracy and maintaining subcontractor tracking and invoicing.

Michael is a graduate of The Pennsylvania State University with a Bachelor of Science in Architectural Engineering.

Rebecca Sohn
Contract & Cost Manager

A Project Manager with 10 years of residential development experience, Rebecca Sohn is responsible for the project administration and ownership’s oversight of SJP’s residential developments. She collaborates with the team of architects, engineers, and consultants to coordinate the various disciplines, and works in conjunction with the Construction Manager through bidding, de-scoping and awarding all projects.

Rebecca is also actively involved in maintaining project budgets and reviewing all costs, change orders, and requisitions for accuracy, ensuring projects are completed within budget.

She graduated summa cum laude with a Bachelor of Arts Degree from Rutgers University.

Noelle du Toit
Assistant Controller

Noelle du Toit is responsible for financial reporting and oversees SJP Properties’ accounting functions and personnel.

Prior to joining SJP Properties, Ms. du Toit was a senior manager in the real estate practice of Mazars US LLP in New York City. She has over 16 years of experience specializing in providing advisory, tax and audit services to clients in the real estate industry including real estate investment advisors and private equity real estate funds as well as owner operator and developers.

She is a Charted Accountant and a graduate of the University of Pretoria South Africa with a BCom Accounting Sciences and a BCom Accounting Sciences Honours. Ms. du Toit is also a member of the New York State Society of Certified Public Accounts (NYSSCPA) and The American Institute of CPAs (AICPA).

Barbara Quintana
Director – Property Management

As Director of Property Management, Barbara provides leadership to the SJP Properties management teams of the commercial office portfolio in New York and New Jersey, including administering all property management operations, financial performance, and reporting. She leads the team across the various disciplines of running the portfolio to deliver a first-class operational management service, implementing the concierge level of service which exemplifies the SJP brand.  

Her prior role at SJP Properties was as General Manager for the New York property management teams, which included the SJP flagship at 11 Times Square.  Before joining SJP Properties, Barbara’s more than 30-year career spanned oversight of asset and facility  management teams of Class A properties in Chicago and New York for such clients as JP Morgan Chase, N.A., Fosun Property Holdings, Travelers Insurance Company, Banc One Corporation, and the First National Bank of Chicago. During that tenure, she has worked for several third-party real estate firms, including but not limited to, Cushman & Wakefield, Jones Lang LaSalle and CBRE.

Barbara is an active member of BOMA NY, a former Board member of BOMA Chicago and co-chair of that organization’s Mentorship Committee.  She served on the board of Mujeres Latinas en Acción, a bilingual/bicultural not for profit advocating and offering services to the Latino community in Chicago, where she was instrumental in helping them develop their new facility in 2003/04. She was recognized as a Business Leader of Color in 2003 by Chicago United and received an award for Mentorship Excellence in 2019 from the Committee for Hispanic Children and Families.

Barbara is a graduate of Harvard University with a Bachelor of Arts degree in Psychology.

Jonathan Southren
Project Engineer

As a Project Engineer, Jonathan Southren’s responsibilities at SJP include project procurement, quality assurance, and document control. Beginning his career with a large general contractor, he performed diverse roles on three separate projects learning the complexities of labor relations and project management.

He graduated from Stevens Institute of Technology with a Bachelor’s Degree in Civil Engineering.

Christina Honthy
Director of Asset Management

As Director of Asset Management, Tina provide oversight of the SJP Properties New Jersey portfolio and insures each property provides best-in-class property management including the concierge level of service which exemplifies the SJP brand.  In addition to her oversight of property management, Tina will handle business development, manage the relationships with existing and future tenants and partner directly with outside investors to utilize SJP as a 3rd party building operator.

Prior to joining SJP Properties, Tina was Associate Director of Management Services for Newmark Knight Frank. She joined the firm as Sr. Property Manager for a 1.4M SF Lehigh Valley portfolio owned by CapTrust and Penncap Properties. In late 2015 she was promoted to Associate Director of Management Services where she supported the Regional Director on business development, client and vendor relationships, staffing, quality controls and procedural oversight.

With more than 25 years of experience in executive administration, property management and mentorship, she has overseen NJ assignments of up to 6+M SF and over 80 employees. These assets consisted of Class A office, retail, residential and multi-family, medical and flex-warehouse, with a tenant base ranging from Fortune 500 corporate occupiers and charter schools to non-profit organizations.

Ms. Honthy earned her Bachelor of Science in Business Administration from Centenary University and holds Real Estate Salesperson licenses in Pennsylvania and New Jersey. An active member of BOMA, Corenet and IFMA, she also serves on the board of the County Alcoholism Steering Subcommittee for Hunterdon County and Municipal Alliance. In past endeavors, Tina was selected for the 2014 NKF Property Management Team of the Year Award, the 2016 Hunterdon County Volunteer of the Year under Governor’s Council on Alcoholism and Drug Abuse, and the 2018 BOMA Heart Award. She works tirelessly to raise awareness for substance use disorder and has been a NJ advocate for Shatterproof.org since 2014.

Dylan McMahon
Project Engineer

As a Project Engineer, Dylan McMahon’s responsibilities at SJP include office build-outs including pre-construction, budgeting, value engineering, construction and close outs.  Prior to joining SJP, Dylan has specialized in residential construction in Brooklyn, Hoboken, Jersey City, as well as other locations throughout the boroughs of New York and the townships of Hudson County.

He graduated from The Catholic University of America School of Architecture & Planning with a Bachelor of Science in Architecture.

Laura Paridy
Development Analyst

As Development Analyst for SJP Properties, Laura Paridy provides analytical and financial support to the financing, acquisition, development and leasing teams at SJP Properties. 

Laura’s primary responsibilities include underwriting potential acquisition and development opportunities, performing due diligence on prospective investments and assisting throughout the acquisition process. 

Ms. Paridy also supports the asset management team, leveraging her analytic skill for the ongoing monitoring of existing investments and exploring the best options for the team’s decision-making process in order to maximize asset value. 

Prior to joining SJP Properties in 2015, Laura spent over a decade working in real estate accounting and asset management.  During that time, she developed a broad knowledge of residential and commercial real estate investments with experience including acquisitions, development and commercial/residential real estate lending.    

Laura holds a BS in Accounting from Ramapo College of New Jersey. 

Josh Ashcraft
Property Manager

Josh Ashcraft brings eight years of commercial property management experience to SJP Properties. As a Property Manager, Josh currently manages building staff, tenant relations and vendor relationships at 200 Wood Avenue South in Iselin, New Jersey as well as M Station in Morristown, New Jersey. Since joining SJP, Josh has overseen multiple third-party property management assignments for the firm in addition to serving as Property Manager at Somerset Corporate Center, a 1.2 million square foot multi-building asset located in Bridgewater, New Jersey.

Prior to joining SJP Properties, Josh was Property Manager for Rubenstein Partners overseeing the repositioning of Makefield Crossing, a Class A multi-building campus of over 500,000 square feet located outside of Philadelphia. Josh also spent four years with Hines where he managed 499 Park Avenue, a 300,000 square foot trophy asset located in the Plaza District of Midtown Manhattan. Additional experience at Hines includes overseeing day-to-day operations of 55 Railroad Avenue and the redevelopment of Pickwick Plaza. Both properties are Class A assets located in Greenwich, Connecticut.

Josh earned a Bachelor of Arts from Rutgers University where he was a student athlete as part of the men’s varsity lacrosse program.

Patrick Jennings
Senior Vice President – Acquisitions

Patrick has 21 years of real estate experience in New York City and other select markets around the United States.  Prior to joining SJP, Patrick worked with Arden Group for four and a half years, where he spearheaded the growth of the office investment platform and, for the last two years there, Patrick directed the day-to-day fundraising, strategy, deal sourcing, and asset management responsibilities for the multifamily and student housing assets acquired in the firm’s qualified opportunity zone fund.  Patrick previously worked for 14 years at Murray Hill Properties in New York City, where he managed investments across the value-add lifecycle, from sourcing through disposition, including oversight of financial due diligence, deal structuring and capitalization, business plan development, and plan execution.

Gregory Mauro
Project Manager

As a Project Manager for SJP, Greg Mauro brings more than nine years of experience delivering office, residential and mixed-use projects to his role at SJP. 

Greg’s primary responsibilities include managing the pre-development, design, preconstruction, construction, and closeout to achieve the specified quality, cost and schedule.  He closely coordinates with the client, design team and construction manager to execute the procurement, design coordination, utility coordination, value engineering, constructability review, scheduling, cost management, construction quality control, commissioning and closeout for the project. 

Greg graduated from Cornell University with a Bachelor of Science in Civil Engineering and Minor in Real Estate.

Antonette Prudente
Risk Manager

As the Risk Manager for SJP Properties, Antonette Prudente is responsible for handling all facets of the company’s insurance portfolio, including policy renewals, risk assessment, loss prevention and claims management.

With more than 10 years of experience in the risk management industry, Antonette was the Risk Manager for Degussa Corporation, where she worked as the stateside liaison for their international holdings department handing Degussa’s corporate insurance program, including offshore captive insurance programs. She also served as the Senior Risk Analyst at the Bank of New York where she managed the insurance portfolio for the bank’s properties. 

Antonette is a graduate of Montclair State University and holds a Bachelor of Science in Business Administration with a minor degree in Marketing.

Alexander Erdos
Senior Vice President – Leasing & Marketing

As Senior Vice President of Leasing and Marketing at SJP, Alex works directly with CEO and Founder Steve Pozycki to oversee business development, leasing, and marketing — focusing on expanding SJP’s entire portfolio, and spearheading progress on SJP’s transformational projects, including M Station, the Metropark office campus, and Waterfront Corporate Center. Alex will also contribute to the strategic growth of SJP Project Solutions, the company’s third-party development management business.

Prior to joining SJP, Alex served as Vice President at CBRE in Midtown Manhattan, where he was an integral part of the Northeast Consulting team responsible for advising and representing a broad range of owners and occupiers in the office and life science sectors. Alex’s decade of experience in commercial real estate combined with his legal background has enabled him to successfully navigate complex transactions for his clients. During his career, Alex has represented numerous venture-backed occupiers as well as publicly traded companies including Sony, Pfizer, Inc., and Nestlé in addition to guiding owners in repositioning assets to maximize value. He has received a number of awards, including the Commercial Observer 30 Under 30, during the earlier stage of his career at Eastern Consolidated where he built foundational experience in capital markets and investments sales.

Alex holds a bachelor’s degree from University of Pennsylvania and a law degree from Suffolk University Law School.

Mary Tanzer
General Manager

Mary Tanzer brings more than a decade of commercial property management experience to her position as General Manager at SJP Properties. Mary works closely with the property management teams to manage building staff, tenant relations and vendor relationships throughout the firm’s New York portfolio, which includes the SJP flagship at 11 Times Square.

Prior to joining SJP Properties, Mary was the Director of Property Management for Savitt Partners, managing the day-to-day activities of five assets in the garment district. Previously, she was the Property Manager of 30 Rockefeller Center where she was integral to the development of a centralized procurement division within Tishman Speyer and was the Senior Manager of Facilities/Operations supporting the NBCUniversal client at 30 Rockefeller Center and NBCU/CNBC in Englewood Cliffs, NJ. Mary’s career has spanned oversight of several Class A properties, including Hearst Tower and 200 Park Avenue where she was focused on the initiation and management of all core business processes including leasing, tenant relations, marketing, maintenance, budgeting, accounts receivable and accounts payable.

Mary earned a Bachelor of Arts degree in English from William Paterson University.  

Francis Noonan
Regional Property Manager

Francis Noonan brings a decade of commercial operations experience to SJP. He is responsible for all aspects of property management within New York and New Jersey. Francis oversees managed assets portfolio-wide to ensure that operations, financial reporting and performance are in alignment with SJP’s policies and objectives. He performs due diligence on target acquisitions and analyzes reporting and budgeting for SJP assets.

Most recently, Francis was the Lead Operating Engineer for Cushman & Wakefield, where he was responsible for directing and supervising maintenance and repairs of all HVAC equipment at MetLife Headquarters located at 200 Park Avenue. In addition to contributions to the development of the annual operating budget for building systems and capital improvement planning, Francis’ day-to-day responsibilities included executing facility strategy, project management of capital projects and creating new methods of procedures and standard operating procedures. Francis’ prior experience includes campus operations most notably at Rockefeller Center for Tishman Speyer and JP Morgan Chase’s Midtown Park Avenue portfolio for Jones Lang Lasalle.

Francis was the 2019 BOMA NY Engineer of the Year, is a Licensed Real-Estate Salesperson in NJ and received his master’s degree in Real Estate from the NYU Schack School of Real Estate in 2020.

Rikki Kessler
Development & Marketing Associate
Susie Giampietri
Property Manager

Susie Giampietri brings more than a decade of commercial property management experience to her position as Property Manager at SJP Properties. Susie manages the building staff, tenant relations and vendor relationships at 470 Park Avenue South.

Prior to joining SJP Properties, Susie was Senior Facilities Manager for Tishman Speyer supporting the client at NBC/CNBC in their critical facility at Englewood Cliffs, NJ.  Previously, she served as the Assistant Property Manager to several Class A buildings including the Hearst Tower where she was part of the team that opened and managed New York’s first LEED Gold certified building and the iconic Chrysler Building where she focused on project management, operations, tenant relations, maintenance, budgeting, accounts receivable and accounts payable.

Susie earned a Bachelor of Science degree in International Business at Fordham University.  

Alex Bass
Project Manager

As a Project Manager for SJP, Alex Bass is responsible for the execution of projects through the entire life cycle with a focus on creating and maintaining project schedules, coordination, budgeting and document control. He comes to SJP with five plus years of construction experience with a general contractor/construction manager where he worked on-site to manage renovations of premier New York City properties. Prior to embarking on a career in real estate, Alex managed physical and financial pipeline trade operations in the commodities industry.

Alex is a graduate of NYU’s Schack Institute of Real Estate with a Master of Science in Real Estate Development as well as a graduate of the University of Connecticut’s School of Business with a Bachelor of Science in Finance.

Robert Williams
Project Engineer

As a Project Engineer, Robert Williams is responsible for coordinating daily field operations, project procurement and document control. Prior to joining the SJP Properties construction team, Robert previously worked for a general contractor carrying out large scale utility and heavy highway projects in New Jersey. He brings five years of construction experience to SJP, continuously working to complete projects on time and under budget without sacrificing quality of work.

Robert is a graduate of Stevens Institute of Technology with an Engineering Management Bachelor’s Degree with a concentration in Financial Engineering.

Melanie Rivera
Property Manager

Melanie Rivera brings a decade of commercial real estate experience to her role as Property Manager at SJP Properties. Ms. Rivera is responsible for the day-to-day building operations, tenant relations and vendor management at Two Riverfront Plaza, all while providing top tier management service.

Prior to joining SJP Properties, Ms. Rivera was the Assistant Property Manager for Paramount Group, managing the day-to-day activities of 1633 Broadway, a 2.5 million square foot commercial office asset. Ms. Rivera’s expertise includes operations management, financial reporting and tenant and employee relations.  Ms. Rivera has also worked for L&L Holding Company where she served as Property Assistant to multiple properties, including 114 Fifth Avenue and 511-541 West 25th Street, managing unique clients such as several art galleries, fashion houses, startup tech companies and music studios.

Audrey Bauer
Acquisitions Associate

Audrey Bauer is an Acquisitions Associate who joins SJP with more than five years of experience in real estate acquisitions and over $647M in executed transaction volume. Audrey will report to SJP Chief Financial Officer David Welch and Senior Vice President – Acquisitions Patrick Jennings in support of new acquisition and development opportunities across asset classes.

Prior to joining SJP, Audrey was an Investment Associate at CanAm Enterprises where she sourced, executed, and analyzed equity and debt opportunities across all geographies and real estate product types. She spent the preceding two years as an Acquisitions Analyst at Interstate Equities Corporation (IEC) in San Francisco where she was responsible for underwriting, analyzing and conducting due diligence on value-add, multifamily property acquisitions throughout the state of California.

Audrey currently resides in NYC and graduated from the Stephen M. Ross School of Business at the University of Michigan - Ann Arbor with her Bachelor of Business Administration.

Matthew Trombetta
Project Manager

As a Project Manager, Matthew Trombetta brings more than eight (8) plus years of construction and property management experience in the industry, managing multi-million-dollar projects of transportation, retail, senior living, commercial office, land remediation / site-work, and data-center construction.  He is responsible for managing coordination with trade partners, owners, vendors, design teams, and local authorities, while tracking procurement and schedule all the way through project completion. Matthew is a graduate of New Jersey Institute of Technology with a Bachelor’s Degree in Architecture.

Janelle Rodriguez
General Manager

Janelle Rodriguez brings more than a decade of commercial property management experience to her position as General Manager at SJP Properties. Janelle works closely with the property management team to manage building staff, tenant relations and vendor relationships throughout the firm’s flagship at Eleven Times Square.

Prior to joining SJP Properties, Janelle was the Assistant Property Manager for Silverstein Properties, managing the day-to-day activities of 1177 Avenue of the Americas, a 1 million square foot commercial office trophy asset. Janelle’s expertise includes operations management, service contract negotiations, lease management, finance and tenant and employee relations.  Previously, she was the Assistant Property Manager of 3 World Trade Center, playing a major role in opening and welcoming over 5,000 employees to the LEED Gold certified, newly constructed 2.5 million square foot office tower.

Janelle is a member of BOMA and has a Baccalaureate Degree in Sociology with a minor in English from Hunter College of the City University of New York.

Jessica Carpluk
Project Coordinator

A Project Coordinator for the Project Management team, Jessica Carpluk has over 10 years of experience in the industry.  In her role at SJP, Jessica streamlines all administrative processes including vendor contracts, invoicing and change orders, project submittal management, software administration and ICAP project coordination.

Before joining SJP, Jessica worked for a residential real estate developer.  Through her time there, she oversaw the construction administration of more than 20 multifamily residential projects.

Grady Smith
Project Engineer

As a Project Engineer, Grady Smith is responsible for field coordination, document control and procurement management. During his time at SJP, Grady has helped incorporate complex designs and has adhered to extremely aggressive schedules to achieve exceptional results for interior fit-out projects on behalf of tenants including DSV and Siemens.

He is a graduate of The College of the Holy Cross with a Bachelor of Arts in Political Science.

Leah Denzien
Marketing Coordinator

As Marketing Coordinator, Leah Denzien works directly with Senior Vice President – Leasing & Marketing, Alexander Erdos, to produce and update marketing materials including brochures, presentation decks, maps and email and social media content. She is responsible for several SJP-related websites, advertising, branding, event coordination and management and oversight of press releases, ads and feature stories for trade publications. Leah works with the team to prepare award submissions for the company as well as individuals. In addition, Leah assists in the selection of furnishings and artwork for the SJP portfolio. She also coordinates photography of the portfolio as well as corporate events and tracks industry events and registers individuals accordingly. Leah is proficient in Adobe InDesign, Adobe Photoshop, Adobe Illustrator, Adobe After Effects and Adobe Premiere Pro.

Leah has a background in both real estate and design, having previously served as a senior client services coordinator at Savills in New York City, supporting a fast-paced team. Prior to working at Savills, Leah started her career as a freelance designer, assisting marketing in corporate relocations and logistics.

Leah is a graduate of Pratt Institute’s School of Design with a Bachelor of Fine Arts in Communications Design with a focus in graphic design.

Jeffrey Schwint
Senior Property Manager

Jeff Schwint is the Senior Property Manager at SJP Properties for Somerset Corporate Center, a 1.2 million square foot multi-building asset located in Bridgewater, New Jersey, and our Morristown campus, consisting of M Station East, 70 Speedwell Avenue, and the soon to be constructed M Station West.  Jeff has operational oversight and responsibility for 1.8 million square feet of our premier real estate assets housing several Class A tenants, including Deloitte LLP, Valley National Bank, Bausch, Messer and Qualcomm.

Over the span of his more than 20-year career in property management, Jeff has served as Operations Director for such notable companies as Simon Property Group, Hudson Bay Company and Saks Fifth Avenue.  Most recently, Jeff oversaw operations and facility management at Newport Centre, Newport Plaza and Newport Crossing, consisting of two million square feet. As Operations Director, Jeff was responsible for all facets of facility operations, tenant construction, financial management and contract and risk management for the sites.  

Jeff has a Bachelor of Science in Business Administration from Fordham University and is a member of BOMA.

Erica Novoa
Property Manager

Erica Novoa brings over 25 years of commercial and residential experience to her position as Property Manager at SJP Properties. Erica is responsible for managing the day-to-day building operations and financial reporting while providing first-class management services and fostering a positive tenant relationship.

Prior to joining SJP Properties, Erica served as Property Manager for Jamestown LP/Industry City in Brooklyn.  In this role, she oversaw a portfolio of 350+ creative workshop studios and offices, each ranging from 600 to 4,000 square feet. Throughout her career, Erica has worked for real estate firms such as Insignia/Douglas Elliman and Rendina Healthcare Partners and has accumulated a wealth of experience in managing a variety of building assets including Class A residential and office spaces, medical offices, warehouses and retail properties.

Erica is currently working towards obtaining the RPA Designation and attended Essex Community College. 

Anthony Isidro
Project Engineer

As a Project Engineer, Anthony Isidro is responsible for field coordination with trade partners and sequencing of activities, ensuring constructability coincides with designs, maintaining schedules, document control, permitting and facilitating owner/landlord relationships. He comes to SJP with five years’ experience in construction management/general contracting focusing on field activities in the pharmaceutical, educational and commercial office markets.

Having started his career in the building trades, Anthony brings hands-on experience to his role in construction management.

Executive Management

Finance and Acquisitions

Business Development

Stacey Cole
Executive Assistant

Construction

Property Management

James Young
Assistant Property Manager
Anton Bujaj
Assistant Property Manager
Giancarlo Enriquez
Assistant Property Manager
Claude Hunt
Assistant Property Manager
Laura Noel
Executive Assistant – Property Management
Sustainability

SJP is highly regarded as one of the foremost developers of green buildings in the New York Metropolitan region. In 2007, the Company committed to seeking LEED certification from the U.S. Green Building Council for all of its future commercial development projects. To date, Eleven Times Square in Manhattan and Two Riverfront Plaza in Newark have both received a LEED Gold designation, while several other buildings have been designed to achieve a minimum of a LEED Silver certification.

Additionally, SJP has recently instituted new programs to reduce waste and increase efficiency, including a company-wide waste management program, and an energy upgrade and monitoring initiative that has helped to reduce overall energy consumption across its portfolio by nearly 36%.

Monmouth University’s Pozycki Hall
To foster the next generation of great business and real estate leaders, SJP is currently developing a 20,000-square-foot addition to Monmouth University’s Bey Hall, which will support the growing needs of the university’s Leon Hess Business School and Kislak Real Estate Institute. Pozycki Hall, which is being donated to the university by SJP Properties’ founder and Monmouth University Board of Trustees member Steven J. Pozycki, will offer state-of-the-art facilities, including four general-purpose classrooms, a 170-seat auditorium, eight faculty offices and a student lounge.

Philanthropic Support

SJP contributes to numerous philanthropic, non-profit and civic organizations that provide important services to those who need it most. The company is proud to support a wide variety of worthwhile causes that work tirelessly to sustain and enhance the communities where SJP’s employees work and live.

SJP Properties and Scotto Properties Celebrate Topping Out of M Station West, Sanofi’s New Morristown, N.J. Flagship Location
January 17, 2024  |  Press Release

Sanofi To Relocate from Sprawling Suburban Campus to Seven-Story Class A Building in Walkable, Transit-Based Morristown

SJP Properties, in partnership with Scotto Properties, celebrated the topping out of Sanofi’s 260,000-square-foot New Jersey flagship location at M Station West in Morristown, New Jersey. The building enjoys three  separate and unique active terraces;  a world-class 20,000+ square-foot  dining experience on the retail level which will be open to the public; and an expansive landscaped rooftop complete with wellness areas for yoga and outdoor movement classes, entertainment, and  gardens which will supply food and beverage offerings in the space.

The move to M Station by Sanofi represents a shift from a sprawling, multi-building suburban campus to a seven-story, build-to-suit property in the heart of walkable, transit-oriented Morristown. Known for its lively arts, entertainment and restaurant scene, Morristown will enable a seamless work-life balance for Sanofi’s 1,900 employees who will occupy the building upon completion in Q1 2025.

"The topping out of M Station West is a landmark moment in redefining the modern workplace across New Jersey,” said Steve Pozycki, Founder and CEO of SJP Properties. “State-of-the-art, vertically integrated buildings are attracting the most influential corporations in the world. Sanofi joins Deloitte, which moved its headquarters to M Station East last year, and Valley Bank, which celebrated its grand opening at our new Speedwell Avenue property this fall. These tenants are turning to SJP for property solutions in amenity-rich locations with unrivaled aesthetics and the most advanced infrastructures ever built in the state.”

M Station was designed by Gensler to achieve LEED certification. The property’s floor-to-ceiling glass and metal panel façade will offer abundant light throughout the property while its innovative side core design will enable maximum openness and flexibility on each floor. Further, energy efficiency will be enhanced with solar reflective roofing to enable daylight harvesting.

M Station’s two buildings will be bridged by a 1,000-car parking structure that includes public parking for the development’s on-site retail and EV charging stations. To enhance walkability and create a vibrant pedestrian experience, both buildings are set back 45 feet from Morris Street, creating a 10,000-square-foot landscaped promenade and two public plazas with seating, improving the area’s connectivity, particularly between the nearby NJ TRANSIT station and the historic Morristown Green.

"I am thrilled to welcome Sanofi to its new headquarters in Morristown. SJP and Scotto Properties have successfully executed our vision of a project which would invigorate our business district, attract leading-edge companies, and reinforce our position as one of the top Towns in the country to live and work.” said Tim Dougherty, Mayor of Morristown.

The completed first phase of the M Station, M Station East, exemplifies SJP Properties’ commitment to excellence. The six-story, 120,000-square-foot building was completed in July 2022, roughly one and a half years after initially breaking ground. Deloitte relocated approximately 1,495 employees to the building in Q3 2022.

For more information about M Station, please visit https://mstationmorristown.com/

Nokia to open new 360,000 sq. ft. facility in New Brunswick by 2028, eyeing ‘the next 100 years’ of its historic Bell Labs research arm
December 12, 2023  |  RE-NJ  |  by Joshua Burd

Plans for H-2, the second phase of the New Jersey Health + Life Science Exchange in downtown New Brunswick, will include 360,000 square feet of build-to-suit lab and office space at the mixed-use campus. It would rise alongside a first phase that’s now under construction and slated to include a facility known as the New Jersey Innovation HUB, a new home for the Rutgers Robert Wood Johnson Medical School and a center for what’s known as translational research.

Nokia Bell Labs will break ground in 2025 on its new 360,000-square-foot facility in downtown New Brunswick, executives said Monday, as they hailed a project that will allow it to remain at the forefront of innovation while boosting its appeal for the state’s future talent pool.

The iconic technology company joined a parade of public officials, including Gov. Phil Murphy, as it unveiled its vision for a built-to-suit new research and office tower that will be built by a partnership of New Brunswick Development Corp. and SJP Properties. Plans call for Nokia Bell Labs to occupy the space by 2028, when it will relocate from its acclaimed campus in the Murray Hill section of Berkeley Heights to continue its work in disruptive technologies in areas such as quantum, photonics, optical research, 6G, artificial intelligence and industrial automation.

The facility will be the latest addition to the sweeping Health + Life Science Exchange or HELIX campus that’s now rising just south of Albany Street under a master plan by New Brunswick Development Corp., or Devco, at a site that provides access to the state’s deep talent pool and is steps from Rutgers University and NJ Transit.

“We call ourselves the innovation state,” Gov. Phil Murphy said during an event at the New Brunswick Performing Arts Center. “Yet there are no two words that speak better to that than Bell Labs. So that makes today incredibly gratifying.”

Murphy, who has focused on growing companies such as Nokia Bell Labs, thanked the company while noting that its search had been ongoing since at least 2018. That process was both transparent and exhaustive, he said.

“They looked everywhere,” Murphy said. “This is not just a question of relocating in the state of New Jersey. They looked around every corner of the United States of America and probably beyond that, and after having assessed all of their alternatives, they landed right here in New Brunswick in the great state of New Jersey. And I think that’s a huge testament, not just to their process, but also what we have to offer.”

For Nokia Bell Labs, the site will be the latest chapter in a legacy that includes the development of the transistor, one of 10 breakthroughs by researchers that earned Nobel Prizes during nearly a century in Murray Hill.

“Our Murray Hill campus has been home to iconic Nokia Bell Labs innovation for over 80 years,” said Nishant Batra, chief strategy and technology officer at Nokia. “As we look toward the future of Nokia and Nokia Bell Labs in the region, we will take with us all that makes us exceptional — our vision, brainpower, culture of disruptive innovation and technical prowess — and marry that legacy with a modern research and development facility that is built to our needs. Ultimately, we want a facility that feels right for the next 100 years of Nokia Bell Labs.”

Murphy and company executives acknowledged the role of key players involved in the process, including Tim Sullivan, CEO of the state Economic Development Authority. They also cited the role of development partners such as Devco and SJP Properties, which recently announced the potential for a new ground-up office and lab facility at the HELIX campus.

“This is big,” said Chris Paladino, Devco’s president and CEO of HELIX NJ. “It simultaneously does multiple things. It reinforces the longstanding relationship between New Jersey and Nokia Bell Labs. It asserts and expands New Jersey’s leadership position in the global innovation economy. It opens the doors to powerful new collaborations, all while initiating a new generation of discovery.”

Nokia Bell Labs will occupy the building under a long-term lease agreement. JLL’s Dan Loughlin, Blake Goodman, Jason Benson, Dan Spero and Peter Ladas represented ownership in the deal.

“Today, the emphasis is on being able to recruit, being able to get people back to work,” said Steve Pozcyki, CEO of SJP Properties, citing the firm’s long history of build-to-suits in New Jersey and its most recent projects with the likes of Deloitte LLP, Valley Bank and Sanofi. With Nokia Bell Labs, he said, it was critical to both “get them confident on this location” and to “understand what they’re thinking about and have that evolve into a state-of-the-art building that exceeds their goals.”

“We’re doing a lot in the life science and technology sector because that’s what the market is, so it will be the state-of-the-art building for research and development and electronic labs in the country, if not the world,” Pozycki added. “We’ve looked worldwide and the vendors that are working with us to be able to deliver what they’re looking for are recruited globally and have worked on things that are similar to this.”

The announcement comes as construction continues on the HELIX’s first phase, H-1, which will comprise a 12-story, 574,000-square-foot building and include a multiuse facility known as the New Jersey Innovation HUB, the new home of Rutgers Robert Wood Johnson Medical School and a Rutgers translational research facility with labs to advance the work of 80 research teams focused on improving individual and public health. The project has advanced with the help of state officials and agencies such as the EDA, which will undoubtedly be critical as Nokia’s build-out begins.

“I’ve been doing this job for almost six years, and I don’t think there’s been a time when we pitched New Jersey when the phrase ‘Bell Labs’ doesn’t escape our lips as evidence of who we are, where we’ve been and where we’re going,” said Sullivan, the authority’s CEO. “And, now, that story is made even stronger.”

New Brunswick Mayor Jim Cahill added: “Nokia’s legacy of innovation and devotion to the development of cutting-edge technologies ensures a lasting impact on the global telecommunications landscape. Nokia Bell Labs’ commitment to New Brunswick as the home for their new research and development facility speaks volumes about the potential and promise our city holds. It is a testament to the collaborative spirit, innovation, and forward-thinking attitude that defines our community.

“This venture will not only bring economic opportunities to our city, but will also create a hub of creativity and expertise that will undoubtedly contribute to the continued growth and success of New Brunswick.”

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SJP Properties Signs Lease With Wonder for 3,700 Square Feet of Retail Space at Waterfront Corporate Center III in Hoboken, N.J.
July 24, 2023  |  Press Release

Wonder’s “fast-fine” dining concept will bring the country’s best chefs and restaurants to the Hoboken waterfront through delivery, pick-up and dine-in options at its new brick-and-mortar location.

HOBOKEN, N.J. – SJP Properties has inked a deal with Wonder, a Marc Lore-founded company redefining the food industry through vertically-integrated, next-generation restaurants, for 3,700 square feet of retail space at Waterfront Corporate Center III, part of a three-building,1.5 million square foot office and retail complex that SJP developed in Hoboken between 2002 and 2014. Signifying its first Gold Coast location, Wonder will open the doors to its newest location later this year.

Wonder is pioneering a new category of “Fast Fine” dining, featuring a collection of restaurants that are all vertically-integrated and owned by Wonder. This includes exclusive menus from world-renowned chefs like Bobby Flay, Marc Murphy, Jose Andres, Marcus Samuelsson and more, along with award-winning restaurants from across the country including Tejas Barbeque, Di Fara Pizza, Barrio Cafe and more, all available via delivery, pickup and dine-in options.

“Nearly every company we work with is focused on providing new, high-end and diverse dining options for their people,” said Alexander Erdos, SVP of Leasing & Marketing at SJP Properties. “Wonder is growing in key markets, and we believe their arrival in Hoboken at Waterfront Corporate Center will be a wonderful amenity, further enhancing the tenant experience and the surrounding community.”

JP Pirraglia of Ripco Real Estate facilitated the lease transaction on behalf of Wonder, while Marta Villa of CBRE represented SJP Properties.

“Hoboken is such a lively, dynamic and diverse city, and we’re excited to be a part of the community,” said Andrew Gasper, Chief Governance Officer at Wonder. “As Wonder continues to expand and open new locations across New Jersey and New York, Hoboken was a natural next step for us. With such close proximity to the river walkway, we expect to see a significant amount of walk-in customers, in addition to the regular cadence of delivery customers we see at our locations in Westfield, New Jersey and the Upper West Side of Manhattan. We are excited to become both a lunch and dinner staple within the Hoboken community where residents can enjoy world-class cuisine from chefs such as Bobby Flay, Marc Murphy and Michael Symon, as well as everyday favorites like Fred’s Meat & Bread and Limesalt Mexican, right in their backyard.”

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center sits adjacent to the W Hoboken Hotel and is just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections for easy access from NJ suburbs and Manhattan. The property also offers immediate access to on-site parking for commuters traveling by car and is just a short drive from both the Holland and Lincoln tunnels.

The complex is currently home to leading corporations such as EY, DraftKings, Newell Brands, Walmart, RMS, and Pearson, and houses an on-site, state-of-the-art fitness center, Crunch Fitness; as well as Del Frisco’s Grille; Wicked Wolf restaurant; The Lola; FedEx; Chase Bank; Cresthill Academy; and Gregory’s Coffee. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned amenities, as well as immediate access to two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial, residential, and industrial real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. Following successful industrial build-outs in the Tri-state area, SJP is expanding its warehousing portfolio across the Eastern Seaboard, most recently with an approximately seven-million-square-foot industrial development strategically located near the Port of Savannah.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Wonder

Wonder is pioneering a new category of “Fast Fine” dining, featuring a collection of delivery-first restaurants that are all vertically-integrated and owned by Wonder. This includes exclusive menus from world-renowned chefs like Bobby Flay, Marc Murphy, Jose Andres, Nancy Silverton, Marcus Samuelsson and more, along with award-winning restaurants from across the country including Tejas Barbeque, Di Fara Pizza, Barrio Cafe and more.

SJP Properties Inks Lease With Sweetgreen for 2,646 Square Feet of Retail Space at M Station East in Morristown, N.J.
July 18, 2023  |  Press Release

The popular fast-casual restaurant will serve healthy and convenient fare from the ground floor of the transformative mixed-use development located within Morristown’s thriving downtown

MORRISTOWN, N.J. (July 18, 2023) – On the heels of the groundbreaking for M Station West, SJP Properties, in collaboration with Scotto Properties, has inked a deal with Sweetgreen, the mission-driven restaurant brand serving healthy food at scale, for a 2,646-square-foot lease at M Station East, the first of the two high-performance office and retail buildings comprising M Station, the transformative mixed-use development credited with the revitalization of Downtown Morristown.

“Sweetgreen’s arrival at M Station validates our hypothesis that nationally recognized brands will be attracted to the significant increase in daytime foot traffic and activity in the area generated by exceptional companies like Deloitte and Sanofi,” said Alexander Erdos, SVP of Leasing & Marketing at SJP Properties. “This is a milestone for Morristown. Bringing high-caliber dining options and amenity retail to our projects is a key element of success. We think everyone at M Station as well as residents of Morristown will be thrilled to have Sweetgreen as a part of its rapidly evolving retail ecosystem.”

Jordan Cohn and Clare Golz of Ripco Real Estate facilitated the lease transaction on behalf of Sweetgreen, while Glenn Beyer of Newmark represented SJP Properties and Scotto Properties.

SJP employed global architecture firm Gensler to execute its vision for M Station as a key linchpin connecting the Morristown Train Station to the center of this celebrated downtown. Sanofi, the Paris-based, innovative global healthcare company, signed a lease for the entire 260,000 square feet of office space available at M Station West in early 2023. The company recently celebrated the project’s groundbreaking for its New Jersey flagship location, which is set to accommodate over 1,900 professionals following its completion in early 2025. This new build-to-suit office environment will feature expansive, light-filled floor plates and high-performance infrastructure to optimize the workplace experience.

Designed to achieve LEED certification, M Station’s two buildings will be bridged by a 1,000-car parking structure that includes public parking for the development’s on-site retail and is being constructed in two phases. To enhance the pedestrian experience, the two buildings are set back a generous 45 feet from Morris Street to create a landscaped promenade and two public plazas with seating, improving the area’s walkability, particularly between the nearby NJ TRANSIT station and The Morristown Green.

The completed first phase of the project, M Station East, rises six stories and totals 120,000 square feet. Construction of M Station East was completed in July 2022, roughly one and a half years after SJP initially broke ground. The property is fully leased to Deloitte, which relocated approximately 1,495 employees to its new corporate headquarters in Q3 2022. M Station represents Morristown’s most significant commercial development in over 30 years and is poised to invigorate the downtown area, attracting high-quality commercial tenants that will support neighborhood retailers and restaurants, while delivering new retail options and critical infrastructure improvements.

In addition to M Station, SJP and Scotto broke ground last year on a new 120,000 square foot office and retail building along Speedwell Avenue that will be home to Valley Bank’s new headquarters. The building is expected to be completed in mid-2023.

For more information about M Station, please visit mstationmorristown.com.

SJP Properties and Scotto Properties Celebrate Groundbreaking for Second Phase of M Station in Morristown, N.J.
June 21, 2023  |  Press Release

The 2nd phase of the transformative mixed-use development comprising two high-performance office and retail buildings in Downtown Morristown has broken ground.

SJP Properties, in partnership with Scotto Properties, today broke ground on M Station West, the second phase of M Station — the transformative mixed-use development comprising two high-performance office and retail buildings in Downtown Morristown. M Station West will serve as the new flagship N.J. location for Sanofi, the Paris-based, innovative global healthcare company, bringing more than 1,900 professionals to the area following its planned occupancy in Q1 2025.
 

"M Station West’s groundbreaking represents a landmark achievement for our company — one that further cements Morristown's reputation as a revitalized suburban hub and destination for leading global companies,” said Steven Pozycki, Founder and CEO of SJP Properties. "Under Mayor Dougherty's leadership, Morristown has fostered a pro-business environment, which has enabled us to bring Deloitte, Valley Bank and now Sanofi to this thriving downtown. These new workforces will create the influx of daytime foot traffic needed to support area retailers, who are the lifeblood of the town’s economy.”
 

SJP employed global architecture firm Gensler to execute its vision for M Station as a key linchpin connecting the Morristown Train Station to the center of this celebrated downtown. Earlier this year, Sanofi signed a lease for the entire 260,000 square feet of office space available at M Station West. This new build-to-suit office environment will feature expansive, light-filled floor plates and high-performance infrastructure to optimize the workplace experience. 

 

Designed to achieve LEED certification, M Station’s two buildings will be bridged by a 1,000-car parking structure that includes public parking for the development’s on-site retail and is being constructed in two phases. To enhance the pedestrian experience, the two buildings are set back a generous 45 feet from Morris Street to create a landscaped promenade and two public plazas with seating, improving the area’s walkability, particularly between the nearby NJ TRANSIT station and The Morristown Green.

 

“We are thrilled to welcome Sanofi’s forthcoming New Jersey flagship to Morristown," said Mayor Dougherty. “This strategic relocation will bring nearly 2,000 talented professionals to our celebrated downtown, continuing the positive economic ripple effect created by the arrivals of Deloitte and Valley Bank. As our new neighbors settle into M Station, they will undoubtedly become active members of this vibrant, transit-oriented community."

 

The completed first phase of the project, M Station East, rises six stories and totals 120,000 square feet. Construction of M Station East was completed in July 2022, roughly one and a half years after SJP initially broke ground. The property is fully leased to Deloitte, which relocated approximately 1,495 employees to its new corporate headquarters in Q3 2022. M Station represents Morristown’s most significant commercial development in over 30 years and is poised to invigorate the downtown area, attracting high-quality commercial tenants that will support neighborhood retailers and restaurants, while delivering new retail options and critical infrastructure improvements.

  

In addition to M Station, SJP and Scotto broke ground last year on a new 120,000 square foot office and retail building along Speedwell Avenue that will be home to Valley Bank’s new headquarters. The building is expected to be completed in mid-2023.

For more information about M Station, please visit mstationmorristown.com.

 

SJP Properties and DEVCO Announce Plans to Develop Phase II of HELIX in New Brunswick, New Jersey
May 22, 2023  |  Press Release

The second phase of the highly anticipated innovation district will encompass up to 600,000 square feet of build-to-suit lab and office space

NEW BRUNSWICK, N.J. – As growth in New Jersey’s life sciences sector accelerates demand for modern lab and innovation space, SJP Properties, in collaboration with New Brunswick Development Corporation (DEVCO), has unveiled plans to develop H-2, the second phase of HELIX Health + Life Science Exchange — the dynamic innovation district currently under development on a four-acre site in downtown New Brunswick. HDR has been appointed as the lead architect for H-2 and JLL will serve as the building’s leasing agent.

HELIX aims to bring together the power of academia and public and private sector research under one roof and will provide businesses, universities and researchers with the critical space to work, learn and experiment. With a total cost of $731 million, HELIX, which will be built in three phases, represents the largest investment in life sciences and medical education in the state of New Jersey’s history. SJP’s mixed-use building, H-2, will include 600,000 square feet of build-to-suit lab and office space that can accommodate a range of uses for large corporate life sciences and technology company tenants.

“New Jersey is one of the most important regions in the country for the life sciences industry with New Brunswick emerging as a hotbed for biotechnology and pharmaceutical companies in recent years,” said Steve Pozycki, CEO of SJP Properties. “As more innovators enter the region, the location of their research and development facilities will be of paramount importance. With a prime position directly across the street from two major rail lines, and situated within commuting distance of both New York City and Philadelphia, HELIX will provide exceptional access to workforce talent, enabling its future tenants to attract professionals from both cities’ life sciences and technology industries.”

Adjacent to Rutgers University and opposite the city’s train station, H-1, the first phase of HELIX, is currently under construction and will comprise 574,000 square feet that includes the New Jersey Innovation HUB, the new home of Rutgers Robert Wood Johnson Medical School, and a Rutgers translational research facility equipped with a variety of labs to advance the work of 80 research teams and put into practice Rutgers Health innovations that will improve individual and public health. Core Partners for the New Jersey Innovation HUB include NJ Economic Development Authority, RWJBarnabas Health, Hackensack Meridian Health, Middlesex County, Rutgers University, Tel Aviv University and Atlantic Technological University of Galway, Ireland. Rising two stories in height, H-1’s ground floor will feature amenities and kiosks that will be accessible to the public, including a 10,000-square-foot market hall with food options and a 3,000-square-foot restaurant that opens onto a 70-foot-wide plaza.

H-3, the final phase of HELIX, is proposed as a 42-story mixed-use building to include additional office space and 220 units of housing.

The New Brunswick train station, in line for a $49 million renovation, affords HELIX tenants convenient and easy access to both NJ TRANSIT, operating nearly 100 train stops in the city each day, and Amtrak. The headquarters and regional offices of several major health, pharmaceutical and life sciences companies are situated within proximity to HELIX, including those of Johnson & Johnson, Bristol Myers Squibb and Ascendia Pharmaceuticals. Additionally, the complex is immediately adjacent to the Rutgers University campus and within an hour’s drive of several other prominent colleges and universities, including Princeton University, University of Pennsylvania and Columbia University.

“The unique combination of Northeast Corridor train service, Big 10 college town atmosphere and the expanding presence of New Jersey’s most prominent higher education, corporate and healthcare stakeholders make the HELIX project incredibly attractive for innovation and talent recruitment,” said Daniel J. Loughlin, Vice Chairman at JLL.

In recent years, New Brunswick has experienced an influx of public and private real estate investment totaling nearly $3 billion for in-progress developments — with an additional $1 billion in the pipeline. For more than 30 years, DEVCO has been the catalyst for redevelopment capitalized by academic, public and private investments that include the Rutgers Honors College, Gateway Transit Village, the Jack & Sheryl Morris Cancer Center, New Brunswick Performing Arts Center, Wellness Plaza and The Heldrich Hotel & Conference Center. These transformative projects have elevated New Brunswick to the state’s leading transit-oriented innovation cluster.

“We are establishing the only ecosystem in the county where academic researchers, private sector researchers, entrepreneurs, medical students, and educators will co-locate in an environment of discovery and collaboration – where creative collisions can occur,” said Christopher Paladino, President of DEVCO.

New Brunswick’s vibrant downtown offers walkable access to a wide array of amenities including top restaurants, cultural and performing arts venues; a world-class fitness and wellness plaza, award-winning hotels and a diverse concentration of residential opportunities.

For further information about H-2 or leasing inquiries, please visit www.helixnj.com.

SJP Project Solutions Completes Build-Out of Helsinn’s 25,000-SF Workspace at 200 Wood Avenue South in Iselin, N.J.
April 19, 2023  |  Press Release

Global biopharmaceutical company relocates to the newly repositioned Metropark campus known for its infrastructure, modern amenities and ample outdoor space

Iselin, N.J. -- SJP Project Solutions — SJP Properties’ third-party development management arm — has successfully completed the transformative build-out of pharmaceutical company Helsinn’s specialized workspace at SJP Properties’ 200 Wood Avenue South in Iselin, New Jersey. The global biopharmaceutical company now occupies 25,000 square feet at the office campus and joins Siemens, a multinational technology company; a national insurance carrier, international transport company DSV and the globally ranked financial services company Credit Agricole, all of which have established offices at 200 Wood Avenue South since SJP acquired the building in early 2020.

Helsinn, a fully-integrated global biopharmaceutical company focused on oncology and rare diseases, relocated from 170 Wood Avenue South, and was drawn to the property’s accessibility to skilled labor across the state of New Jersey, as well as its on-site amenities and ample green space. The company selected SJP Project Solutions to execute a full build-out of the company’s first-floor office, which included conference and meeting facilities, a training room, open collaboration areas, a wellness room and a private outdoor terrace. Helsinn was represented in the lease transaction by Jim Postell at Colliers International. Wes Moore of CBRE represented SJP.

“In spite of economic headwinds faced by many industries, New Jersey’s life sciences sector continues to evolve and thrive at an incredible rate,” says Alexander Erdos, Senior Vice President – Leasing & Marketing at SJP Properties. “Not only is SJP able to offer these companies resilient workplace environments, but we are able to deliver built-to-suit spaces tailored to address unique tenant needs. The future growth of the state’s life sciences sector is dependent upon the ability of these companies to tap into the highly educated labor pool within surrounding markets. SJP’s presence in New Jersey continues to facilitate this connection and compel more top-tier companies to establish footprints in transit-oriented suburbs like Iselin.”

Optimally positioned near public transit in Iselin’s Metropark submarket, the 200 Wood Avenue South campus offers modern, purpose-built workspaces and an array of on-site lifestyle amenities. Upon acquisition of the property, SJP executed a comprehensive strategy to reposition it, paying homage to its postmodernist architecture with a complete interior and exterior renovation. It also outfitted the property with new building systems and indoor/outdoor lifestyle amenities — a brand new lobby, state-of-the-art fitness center, collaborative common areas, including landscaped outdoor meeting areas; nationally recognized food operators within the on-site dining area and ample on-site parking. SJP is also providing its signature hospitality and concierge services as part of its property management offering. Additionally, some of the building’s new systems include air filtration upgrades for improved air quality to create a healthier environment for employees.

Spanning 270,000 square feet, 200 Wood Avenue South has the ability to attract New Jersey’s top talent where the labor markets converge and is optimally positioned within walking distance to the Metropark Train Station, which offers NJ TRANSIT and Amtrak Acela services. 200 Wood Avenue South is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike and the Garden State Parkway.

For more information about 200 Wood Avenue South, please visit www.woodavemetropark.com.

 About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial, residential, and industrial real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. Following successful industrial build-outs in the Tri-state area, SJP is expanding its warehousing portfolio across the Eastern Seaboard, most recently with an approximately seven-million-square-foot industrial development strategically located near the Port of Savannah.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Helsinn Therapeutics

Helsinn is a fully integrated global biopharma company headquartered in Lugano, Switzerland. It is focused on improving the lives of cancer patients all over the world with a leading position in cancer supportive care and a focus on cancer therapeutics and rare diseases.

Helsinn is a third-generation family-owned company, that, since 1976 has been focused on improving the lives of patients, guided by core values of respect, integrity and quality. Helsinn’s unique business model enables it to in-license or acquire assets at a late stage of development.

It has a commercial presence in 190 countries either directly, with operating subsidiaries in the U.S. and China, or via its network of long-standing trusted partners. Helsinn also has a fully integrated supply chain and product development through its subsidiary in Ireland, Helsinn Birex Pharmaceuticals Ltd.

Helsinn plays an active and central role in promoting social transformation in favor of people and the environment. Sustainability is at the heart of everything we do, which is reinforced in the company’s strategic plan by a commitment to sustainable growth.

To learn more about Helsinn please visit: www.helsinn.com.

SJP Properties and PGIM Complete Repositioning of 470 Park Avenue South with Opening of New Outdoor Roof Terrace
December 12, 2022  |  Press Release

The boutique office and retail building is one of the only fully-amenitized workspaces along Manhattan’s Park Avenue South corridor

NEW YORK, N.Y. – SJP Properties and PGIM Real Estate have completed the outdoor roof terrace at 470 Park Avenue South, signifying the culmination of the boutique office and retail building's transformative repositioning, which has revitalized the property into one of the only fully amenitized workspaces along Manhattan's Park Avenue South corridor.

470 Park Avenue South offers approximately 300,000 square feet of office and retail space on the block that spans from 31st to 32nd Streets. With panoramic views of the city's iconic landmarks, the building’s rooftop features lounge areas and table seating for al fresco breaks, lunches, and happy hours, and is exclusively available to tenants on the 12th floor of the north side of and the 14th floor of the south side. The adjacent 14th floor interior features a sleek, open-concept kitchen; collaborative break stations and workspaces; and organic yet modern finishes throughout.

“Tenants are becoming more demanding than ever when it comes to a first-class experience. The market’s renewed focus on high-caliber amenity offerings, particularly those that include functional outdoor space, is a critical component of a larger package that employers of all industries are implementing in order to attract and retain top talent,” said Alexander Erdos, Senior Vice President – Leasing & Marketing at SJP Properties. “These improvements at 470  Park Avenue South, coupled with the building’s accessible location, have created a quintessential destination for employees. We have dedicated years to thoughtfully repositioning this property and are pleased to see our efforts come to fruition.”

SJP and PGIM have invested over $15 million into 470 Park Avenue South since the partnership acquired the building in December 2018. These capital improvements include: extensive renovations to the building’s façade and exterior; replacing all perimeter windows to enhance the abundant natural light throughout the tenant floors; a pre-built program and custom interior fit-outs; upgrading the property’s infrastructure and improving sustainability measures; modernizing the building’s elevator system; cosmetic retail space upgrades; and more.

As part of the building’s repositioning, ownership also created a hospitality-inspired tenant lounge off the building’s main lobby that is ideal for meetings, presentations, and collaboration. This lounge provides a seamless transition into the building’s landscaped outdoor courtyard, which is outfitted with a custom-designed stone fire pit and bar for after-hours socializing and team building in a truly indoor-outdoor environment. SJP and PGIM also undertook a full modernization of the building’s elevator cabs.

This boutique offering caters to companies seeking turnkey office space within walking distance of several major transportation hubs. Centrally located in Midtown South, just a 10-minute walk from Grand Central and Penn Station, 470 Park Avenue South eliminates the double commute that many employees encounter in Manhattan. Due to its convenient location, the building provides ease of access to and from the Metro-North Railroad, Amtrak, PATH, LIRR, and NJ TRANSIT. It also offers prime access to the 1, 2, 3, 4, 5, 6, 7, A, C, E, and S subway lines.

470 Park Avenue South features restored brick exterior walls; original hardwood and exposed polished concrete floors intermixed throughout; modern finishes in the common areas; and 10,000- to 20,000-square-foot floor plate sizes. Each floor has operable windows, private restrooms, and a new HVAC system with advanced HEPA air purification systems in individual tenant spaces.

The property currently has single, two, and three contiguous full-floor availabilities of approximately 10,000 square feet per floor. Current availability includes the pre-built space on the 14th floor with exclusive access to the rooftop terrace of the south wing, as well as the pre-built 8th floor in the north wing. Additional floors can be made available; please contact the leasing team — Neil King, Paul Amrich, James Ackerson, and Josh Pernice of CBRE. For more information, visit www.470pas.com.

SJP Project Solutions Announces Completion of Eisai’s 300,000-SF Purpose-Built Headquarters in Nutley, NJ
December 7, 2022  |  Press Release

Global pharma company’s U.S. workforce occupies entirety of 200 Metro Boulevard at ON3

NUTLEY, N.J. – SJP Project Solutions — the third-party construction and project management arm of owner and developer SJP Properties — has completed its build-out of Eisai’s new U.S. headquarters at ON3, a high-tech bio-ecosystem in Nutley, New Jersey. Eisai, an oncology and neurology-focused pharmaceutical company and the U.S. subsidiary of Eisai Co., Ltd., has relocated its U.S. headquarters from Woodcliff Lake, taking the entirety of 200 Metro Boulevard at ON3.

“New Jersey has a long history of serving  s an incubator for some of the most innovative companies in the pharmaceutical and life science spaces and Eisai’s new headquarters at ON3 will set the standard for the future of the industry’s workplaces,” said Andrew Natale, Chief Operating Officer at SJP Project Solutions. “We are proud to have helped deliver a best-in-class headquarters that will support Eisai’s peerless standard of research and development, as well as its relentless focus on promoting teamwork, safety and innovation in the office.”

Eisai signed a lease for 300,000 square feet at the campus in August 2020 and tapped SJP Project Solutions to spearhead its delivery in conjunction with its in-house team. As part of this process, Project Solutions collaborated with ON3 owner Prism Capital Partners on the base-building improvements and worked closely with leading global architecture firms HLW and AMA on the design and build-out of the space. Eisai’s staff of approximately 1,200 corporate and R&D workers transferred to the new headquarters in Q1 of 2022.

SJP’s Project Solutions division has years of experience not just delivering superior, complex construction projects, but also specifically in creating resilient, ideal headquarters locations for international companies across the New York Metro area. Since its launch in 2018, the division has grown to include assignments totaling over 2 million square feet of build-out and ground-up construction projects. Notable projects include the redevelopment of CSG’s headquarters in Roseland, N.J.; the complete renovation of McCarter & English’s office at Gateway Center in Newark, N.J.; the repositioning of Veris Residential’s Harborside mixed-use development along the waterfront in Jersey City, N.J.; the build-out of EY’s offices in Hoboken, N.J.; the development of Prudential Financial’s headquarters in Newark, N.J.; and the development of Life Time Work’s office in Bridgewater, N.J.

To learn more about SJP Project Solutions and its third-party management offerings, visit www.sjpprojectsolutions.com.

About Eisai Inc.

At Eisai Inc., human health care (hhc) is our goal. We give our first thoughts to patients and their families, and help to increase the benefits health care provides. As the U.S. pharmaceutical subsidiary of Tokyo-based Eisai Co., Ltd., we have a passionate commitment to patient care that is the driving force behind our efforts to discover and develop innovative therapies to help address unmet medical needs. Eisai is a fully integrated pharmaceutical business that operates in two global business groups: oncology and neurology (dementia-related diseases and neurodegenerative diseases). Our U.S. headquarters, commercial and clinical development organizations are located in New Jersey; our discovery labs are in Massachusetts and Pennsylvania; and our global demand chain organization resides in Maryland and North Carolina. To learn more about Eisai Inc., please visit us at https://us.eisai.com and follow us on Twitter and LinkedIn.

 

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200, visit www.sjpproperties.com or follow us on LinkedIn and Instagram.

SJP Properties, Chesterfield, Manulife Investment Management and Atalaya Capital Management Celebrate Groundbreaking for First Phase of Georgia International Commerce Centre in Savannah
November 16, 2022  |  Press Release

Developers to build state-of-the-art, 6.5 million-square-foot industrial facility on 800+ acres with vertical construction of the first of 12 buildings now underway

SAVANNAH, G.A. - Savannah’s continued transformation into one of the most powerful trade hubs in the United States took a major step forward today with the news that SJP Properties broke ground on the first phase of construction of the Georgia International Commerce Centre (GICC), a 6.5 million-square-foot, Class A industrial facility comprising 12 buildings, with vertical construction of the first building, for which it is partnering with Manulife Investment Management, now underway. Signifying SJP’s largest land acquisition to date, the GICC is located on 809 acres of industrial land near the Port of Savannah, the most dynamic commerce center and the fastest-growing container port in the country, and is part of a joint venture with Chesterfield and Atalaya Capital Management.
 

Conceptual plans for the GICC site call for 12 buildings ranging in size from 250,000 to 1,300,000 square feet, each with cross-dock, front-load or rear-load configurations. Spanning one million square feet, the first building is a Class A cross-dock facility that will feature 40-foot clear heights; 228 dock doors; four drive-in ramps; 273 trailer parking spots; a 185-foot-deep truck court; and car parking for roughly 190 employees. The building is set to be delivered in July 2023 and is available for lease. 

The site, which features direct access to public roadways, is ideally situated 2.5 miles from Interstate 16 — the primary route for transporting merchandise inland to Atlanta and points further north and west — and just 22.1 miles from the Georgia Port Authority. The GICC sits in close proximity to the recently announced Hyundai manufacturing facility, which will total over 16 million square feet and include an electric vehicle assembly plant and adjacent EV battery factory. The site is also conveniently located 18 miles from Savannah / Hilton Head International Airport.

 

“As the Southeast experiences explosive population growth and e-commerce continues to accelerate, the demand for state-of-the-art, large-scale distribution facilities has skyrocketed. We’ve spent the last four years studying industrial market fundamentals in the Southeast, and both this asset class and geographic area was a logical point of expansion for our organization’s development expertise,” said Steve Pozycki, CEO of SJP Properties. “The Port of Savannah serves as the conduit for the world’s manufactured goods to reach more than 75 million consumers, and yet, the surrounding region has a dearth of suitable sites that meet the needs of its end users. We’re proud to enter Savannah’s industrial sector and eager to bring the Georgia International Commerce Centre to life alongside Chesterfield, one of the region’s premier industrial developers.”
 

"Chesterfield is excited to continue its industrial development in the Savannah area with its joint venture partners SJP Properties and Atalaya, each firm having established prominence over a long period in the real estate industry," said Will Gardner, CEO of Chesterfield. Gardner expressed confidence in the growth of the Savannah industrial market, his firm having already completed over six million square feet of Class A industrial in Savannah over the last five years, with an additional approximately 4.5 million square feet of industrial now under construction.

 

“Capitalizing the first building of GICC amidst the current market environment corroborates Atalaya’s three-fold thesis in the strength of sponsorship, market, and sector selection,” said Young Kwon, Head of Real Estate for Atalaya Capital Management. “Hyundai’s entry just minutes from our site further bolsters our Day 1 belief that the Interstate-16 Corridor presents the natural path of growth for the nation’s third-largest port in the years to come. We are excited and honored to contribute to Bryan County’s continued growth alongside world-class partners in SJP, Chesterfield, and now Manulife.”

Located at the crossroads of the largest global trade flow between Asia, Europe and North America, the Port of Savannah is often the first port of call for ocean carrier services bringing imports to the East Coast from the Panama Canal, and is typically the last port of call for carriers exporting goods to Europe and Asia via the Suez Canal. The Port is home to the single-largest container facility in the country, along with two modern, deep-water terminals: Garden City Terminal and Ocean Terminal.

 

With direct access to Interstates 16 and 95, the Port of Savannah also has connectivity to cities such as Atlanta, Memphis and Nashville, along with critical manufacturing hubs throughout the Southeast and Midwest. The Port’s Mason Mega Rail project is the largest intermodal rail facility for a port authority in North America, offering 38 trains per week that handle import and export cargo for the CSX and Norfolk Southern rail service providers. The area is also home to Amazon’s newest 3.2-million-square-foot, multi-story distribution facility.

 

Stephen Ezelle of Gilbert & Ezelle Inc., a regional non-owned affiliate of Cushman & Wakefield Inc., is serving as the exclusive leasing agent for the Georgia International Commerce Centre. For further information, please visit www.giccsavannah.com

 

 

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and

residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

 

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

 

About Chesterfield

Chesterfield specializes in the development of class A corporate office and industrial properties In the Southeastern United States. Clients include numerous Fortune 500 companies with Chesterfield having completed over 15 million square feet of new development since its founding in 2006. 

 

In each phase of the development process, we utilize our extensive experience to assist our clients in minimizing risk and maximizing value through detailed planning, site selection, project finance, budgeting/cost controls, efficient scheduling, selection of the right design and construction teams, and management of the entire project from start-to-finish. Every detail receives our utmost attention to ensure the program requirements are achieved within the budget and schedule, and at the highest quality standards.

About Atalaya Capital Management

Founded in 2006, Atalaya Capital Management is a New York City-based private credit and special opportunities investment firm with over $9.5 billion in assets under management. Atalaya focuses on asset-based lending across specialty finance, real estate, and corporate opportunities and has deployed, in aggregate, more than $14 billion since inception.

 

About Manulife Investment Management

Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 19 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

SJP Properties and Scotto Properties Celebrate Topping Out of Valley National Bank’s New HQ in Morristown, N.J.
October 19, 2022  |  Press Release

The financial institution’s modern headquarters on Speedwell Avenue reaches full height just four months after breaking ground

MORRISTOWN, N.J. - Following its June groundbreaking, Valley National Bank’s (NASDAQ: VLY) new high-performance headquarters on Morristown’s Speedwell Avenue has topped out at six stories in height. Developed by SJP Properties in partnership with Scotto Properties, Valley’s new headquarters is one of the few major office projects under construction in New Jersey, and is expected to bring more than 660 professionals to Morristown’s dynamic downtown upon its completion in the Spring of 2023.

“Thanks to the expertise of our team, accomplished project partners and support from local leadership, we are one step closer to delivering a transformative office environment for Valley and its team of esteemed professionals," said Steve Pozycki, CEO of SJP Properties. “Besides a variety of transit options and robust lifestyle amenities, Morristown offers an elevated quality of life that employers like Valley prioritize when selecting office locations that will appeal to current employees and prospective talent. We are proud of the project’s progress to date and look forward to bringing the next generation of office space to this highly desirable community."

Valley National Bank, one of the largest and most prestigious banking institutions in the country, will relocate its operations from Wayne, N.J to this state-of-the-art,120,000-square-foot workspace. The bank’s new base of operations will replace a string of vacant structures located on five separate lots along Speedwell Avenue.

A build-to-suit office building designed by global architecture firm Gensler, Valley’s new headquarters is a modern interpretation of the masonry tradition of historic Morristown, offering a balance of glass, metal, and warm brick tones that embrace the character of the neighborhood. Design hallmarks include operable glass walls that open to three outdoor terraces, which create an indoor-outdoor environment that makes Morristown’s pastoral landscape part of the workplace. The ground floor features a dramatic lobby entrance with soaring ceilings, along with 14,500 square feet of available retail space, a portion of which is planned to house a new Valley retail banking branch.

Designed to achieve LEED certification and create an urban environment that appeals to today’s discerning workforce, the building reflects SJP Properties’ longstanding commitment to creating healthy, sustainable and inspiring office ecosystems. The building’s technological advances include improved air quality using a combination of enhanced MERV filtration and UV light purification, advanced digital controls, energy-efficient base building systems that feature variable frequency drives, solar reflective roofing, low flow water fixtures, energy and consumption metering, and energy-efficient lighting. By integrating meaningful technology, sustainability measures, and concierge-style services that bolster the employee experience, the building will be ideally suited to help Valley attract and retain top talent that demands more than a traditional suburban office building.

Valley’s new headquarters sits directly across the street from the recently renovated Hyatt Hotel, TopGolf and 1776 restaurant — amidst the breadth of shops, lifestyle amenities, restaurants and cultural experiences that make Morristown one of the most livable townships in Northern New Jersey. The building is in close proximity to a multitude of public transit options, including the Midtown Direct NJ TRANSIT service to New York Penn Station, creating a suburban office building that confers the benefits of a premier downtown location and making it accessible to Valley associates throughout the region.

The project marks the second corporate headquarters that SJP Properties has brought to Morristown in just the past two years. Recently, SJP completed the construction of Deloitte’s New Jersey headquarters at M Station, a multi-phase, mixed-use office and retail development situated within steps of the Morristown Train Station.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Valley

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $43 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Care Center at 800-522-4100.

Leading Biopharmaceutical Company Leases 20,000 SF at SJP Properties’ Somerset Corporate Center 1
September 12, 2022  |  Press Release

Lexicon Pharmaceuticals to relocate its Basking Ridge, NJ office to strategically located Bridgewater campus

Bridgewater, N.J. -- Adding to the campus’s roster of industry-leading tenants, SJP Properties has inked a deal with Lexicon Pharmaceuticals, a biopharmaceutical company that develops disease treatments using gene science based on Nobel Prize-winning technology. Lexicon will occupy 20,000 square feet of office space at Somerset Corporate Center 1 in Bridgewater, N.J.

Lexicon will relocate its New Jersey office from Basking Ridge to Somerset Corporate Center, which will provide its employees with easily accessible commuting options, a sophisticated collection of on-site amenities, and a technologically-advanced office environment. SJP Project Solutions, SJP’s project and construction management division, will execute a custom interior-build out to accommodate the unique needs of Lexicon’s operations. The company is scheduled to occupy the space no later than Q1 of 2023. Gregg Najarian and Slava Vaynberg of Savills represented Lexicon in the transaction.

“Somerset Corporate Center is perfectly situated to attract top talent from the surrounding area given its unparalleled highway access,” said Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties. “Labor is key for established life science companies such as Lexicon, and they also recognize the importance of ownership quality as it correlates directly to tenant experience.”

SJP’s repositioning of the Bridgewater property has included the integration of a robust lifestyle amenities program that has transformed the campus into a work/play/stay destination to help its tenants continue to attract top talent. World-class amenities include a 170,000-square-foot Life Time athletic facility, offering an elite health club experience; a 31,000-square-foot Life Time Work, the brand’s coworking concept; Tommy’s Tavern + Tap restaurant; and a 150-room AC Hotel by Marriott that features The Bradford, a rooftop bar, restaurant and lounge providing exceptional views of the campus and surrounding landscape. Additionally, the campus is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – offering over 100 shops, specialty stores, and restaurant options, as well as outdoor plazas, for Somerset Corporate Center’s tenants to enjoy.

Widely regarded as the premier corporate headquarters location in Central New Jersey, Somerset Corporate Center is home to numerous leading-edge companies that benefit from its state-of-the-art work environment. In addition to Lexicon, these tenants include Qualcomm, Oracle, Cognizant, iconectiv, Merrill Lynch, Messer, Life Time Work, Bausch Health, Mazda, Caliber and Kering Eyewear.

The campus comprises five existing Class A buildings, totaling 1.2 million square feet, that are situated around a landscaped park, affording a unique configuration that enables access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, Somerset Corporate Center is in close proximity to both Newark International Airport and New York City, and offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just two miles from the property.

SJP Properties Inks Lease with Siemens for 65,500 Square Feet of Office Space at 200 Wood Avenue South in Iselin, N.J.
June 14, 2022  |  Press Release

Iselin, N.J.  – SJP Properties has inked a deal with industrial technology company Siemens for 65,500 square feet of office space within the amenity-rich campus. In addition to a variety of on-site lifestyle amenities and a suite of hospitality-inspired, concierge-style services, 200 Wood Avenue South offers high-end, light-filled workspaces with access to abundant outdoor space, as well as a strategic location proximate to a variety of transit options in the Metropark area.

With this lease at 200 Wood Avenue South, Siemens will maintain its presence in Metropark, which sits at the convergence of several key highways, train routes and local thoroughfares that provide access to labor from across the state of New Jersey. Siemens will join a national insurance carrier, international transport company DSV, and globally ranked financial services company Credit Agricole — all of which have established offices at 200 Wood Avenue South since SJP acquired the building in early 2020.

“In an environment where companies are fiercely competing for talent, 200 Wood Avenue South is attracting growing, world-class institutional tenants that see this building as an asset in their ability to recruit and retain a top-notch workforce,” said Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties. “Forward-thinking companies such as Siemens are a prime example of the interest we’re seeing in not just Metropark, one of the strongest and most ideally-located submarkets in New Jersey, but also in this particular property with its top-of-the-line amenities, outdoor spaces, work areas, and infrastructure.”

SJP Project Solutions, SJP’s third-party construction management platform, will execute a custom interior build-out to accommodate the needs of Siemens’ multi-division workforce. Siemens will begin occupying its new space at 200 Wood Avenue South in Q3 of 2022. Jeff Babikian with CBRE represented Siemens, while Wes Moore of CBRE represented SJP.

"We’re happy to work with SJP Properties to secure a lease for this office space as Metropark has been an excellent location for our employees for more than 50 years, namely due to the site’s commuting advantages and accessibility to major highways and railways,” said Michael Huber, Head of Siemens Real Estate Americas.

Upon acquiring 200 Wood Avenue South, SJP executed a comprehensive strategy to reposition the property, paying homage to its postmodernist architecture with a complete interior and exterior renovation, as well as new building systems and indoor/outdoor lifestyle amenities. Siemens employees will be able to enjoy the building’s brand new lobby, state-of-the-art fitness center, and collaborative common areas, including landscaped outdoor meeting areas, nationally recognized food operators within the on-site dining area, and ample on-site parking. SJP is also providing its signature hospitality and concierge services as part of its property management offering.

Leasing opportunities totaling 25,000 square feet are currently available at 200 Wood Avenue South. Additionally, for tenants seeking a private outdoor area for employees, SJP has created a landscaped open green space — the only space of its kind within New Jersey — that is available exclusively for a future tenant to customize into a private patio, outdoor lounge, dining area, or garden conferencing space with SJP’s build-out capabilities.

“The level of leasing activity we’ve seen at 200 Wood Avenue not just today, but throughout the pandemic, is a case study in what companies are seeking for their employees and base of operations,” Erdos noted.

Spanning 270,000 square feet, 200 Wood Avenue South offers the ability to attract and retain New Jersey’s top talent where the labor markets converge, and is within walking distance to the Metropark Train Station, which offers NJ TRANSIT and Amtrak Acela services. 200 Wood Avenue South is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike, and the Garden State Parkway.

The building has a resilient and efficient infrastructure, featuring a base-building UPS system, two 1,500 kilowatt power generators and upgraded mechanical systems — including air filtration upgrades for improved air quality to create a healthier environment for employees.

For more information about 200 Wood Avenue South, please visit www.woodavemetropark.com.

SJP Properties and Scotto Properties Break Ground on Valley National Bank’s New HQ in Morristown, N.J.
June 9, 2022  |  Press Release

Prestigious financial institution selects next-generation office environment for base of operations in buzzing suburban downtown

MORRISTOWN, N.J. – The new state of the art headquarters for Valley National Bank (NASDAQ:VLY) — one of the largest and most prestigious banking institutions in the country — broke ground today and was celebrated with a ceremony hosted by SJP Properties, Scotto Properties, and The Donnelly Family Trust at the future site of the building in downtown Morristown, N.J. One of the only new office projects of significance under construction in New Jersey, Valley’s new headquarters is expected to bring more than 660 professionals to Morristown’s dynamic downtown upon its completion in the spring of 2023. The ceremony was attended by project partners, Valley executives, Morristown Mayor Timothy Dougherty, and Town officials.

“Breaking ground on this milestone commercial development — the second new headquarters building for Morristown in just the last two years — cements our town’s stature as an in-demand hub for corporations that want to offer their workforces more than just a great building, but an entire community rich with culture and connectivity,” Mayor Dougherty said. “We’re eager to welcome Valley into the fabric of our renowned community and enjoy the enriching symbiotic relationship that Valley’s corporate workforce presence will share with our downtown businesses, associations and institutions.”

A modern build-to-suit office building designed by global architecture firm Gensler, Valley’s new headquarters marks the second corporate headquarters that SJP Properties has brought to Morristown in just the past two years; later this month, SJP will complete construction of Deloitte’s New Jersey headquarters at M Station, a multi-phase, mixed-use office and retail development situated within steps of the Morristown Train Station. These two projects collectively solidify Morristown’s position among the most coveted office markets in the region, offering industry-leading companies and their workforces a transit-oriented, amenity-rich community teeming with activity.

“This new headquarters is a critical facet of Valley’s commitment to creating a world-class experience for our professionals that inspires and energizes them in their daily work,” said Valley CEO Ira Robbins.Modern, tech-enabled and sustainable in design, our new home will reflect our values as an organization. Perhaps most importantly, it will enable our people to be part of the vibrant Morristown community, where we have established valued relationships with numerous local organizations and nonprofits over many years. We’re eager to make the move, and have full confidence in the very capable development team led by SJP Properties to realize our vision.”

Valley’s new headquarters along Speedwell Avenue is a modern interpretation of the masonry tradition of historic Morristown, with a balance of glass, metal, and warm brick tones that embraces the character of the neighborhood. Designed to achieve LEED certification and create an urban environment that appeals to today’s discerning workforce, the building reflects SJP Properties’ longstanding commitment to creating healthy, sustainable and inspiring office ecosystems. The building’s technological advances include improved air quality using a combination of enhanced MERV filtration and UV light purification, advanced digital controls, energy-efficient base building systems that feature variable frequency drives, solar reflective roofing, low flow water fixtures, energy and consumption metering, and energy-efficient lighting. By integrating meaningful technology, sustainability measures, and concierge-style services that bolster the employee experience, the building will be ideally suited to help Valley attract and retain top talent that demands more than a traditional suburban office building.

“Having a forward-thinking, best-in-class office environment is only half the battle when it comes to staying nimble and competitive in today’s recruiting market — connectivity to a vibrant community that serves as its own lifestyle amenity to the workforce is just as crucial,” said Steve Pozycki, CEO of SJP Properties. “The ability to leverage a desirable residential area that’s also a center of commerce with a population of skilled professionals is key to creating a headquarters for Valley that sets them up for the future. We’re privileged to work with the Town of Morristown and our colleagues at Scotto and Newmark to bring this project to fruition.”

SJP Properties shared its vision for Speedwell Avenue’s redevelopment with Newmark Vice Chairman David Simson, who ultimately helmed the search for Valley’s new headquarters and represented the national bank in its lease.

Valley will relocate its operations from Wayne, N.J. to its new headquarters in Morristown, which offers approximately 120,000 square feet of office space that features floor-to-ceiling windows and abundant natural light. Operable glass walls open to three outdoor terraces, creating an indoor-outdoor environment that makes Morristown’s pastoral landscape part of the workplace. The ground floor features a dramatic lobby entrance with soaring ceilings, along with 14,500 square feet of available retail space, a portion of which is planned as a retail community cafe.

Valley’s new headquarters sits directly across the street from the recently renovated Hyatt Hotel, Top Golf and 1776 On the Green restaurant — well positioned to offer access to Morris County’s highly-skilled labor pool, amidst the breadth of shops, lifestyle amenities, restaurants and cultural experiences that make Morristown one of the most livable townships in Northern New Jersey.

In addition to offering its employees immediate access to Morristown’s amenities and conveniences, the building is in close proximity to public transit options, including the Midtown Direct NJ Transit service to New York Penn Station, creating a suburban office building that confers the benefits of a premier downtown location and making it accessible to Valley associates throughout the region.

SJP Properties Signs New Office Leases with Anchorage Digital and Life Science REIT at 470 Park Avenue South
May 10, 2022  |  Press Release

Crypto platform and RE trust to occupy strategically located, highly-amenitized boutique office building in Midtown South

NEW YORK, N.Y. - SJP Properties has signed leases with two industry-leading firms, Anchorage Digital and a publicly traded REIT specializing in life sciences and technology, for a combined 20,000 square feet of office space at its 470 Park Avenue South property in Midtown Manhattan. The addition of these two tenants demonstrates the success of SJP and PGIM Real Estate’s joint strategy to implement a $15 million capital improvement program following the acquisition of the building in 2018. 470 Park Avenue South offers pre-built floors and unmatched indoor and outdoor lifestyle amenities, reflecting the needs of today’s discerning occupiers.

“Through our strategic investment in 470 Park Avenue South, we’ve seen a significant uptick of interest in this property as companies prioritize office environments that streamline commutes, offer access to the outdoors, and include a suite of high-end amenities to get employees excited about coming into the office. 470 Park Avenue South meets all of these demands,” said Alexander Erdos, Senior Vice President – Leasing & Marketing at SJP Properties.

Anchorage Digital is a full-service financial platform and infrastructure provider for the digital asset space. Headquartered in San Francisco, Anchorage Digital is leasing 10,000 square feet on the 9th floor of 470 Park Avenue South for its New York City outpost.

“New York City is still a focal point for financial services in the U.S., and Anchorage is pleased to reopen our offices and get our local team collaborating together again,” said Diogo Mónica, President and Co-Founder of Anchorage Digital.

The real estate investment trust — with expertise as an owner, operator, developer, and investor in life science campuses in key urban markets across the U.S. — is the first life science office tenant to take space at 470 Park Avenue South and will occupy the building’s entire pre-built second floor, which spans 10,000 square feet.

470 Park Avenue South features a recently unveiled suite of purpose-built indoor and outdoor lifestyle amenities including a contemporary tenant lounge space branching off the building’s main lobby and a fully landscaped outdoor courtyard outfitted with a custom-designed stone fire pit and bar ideally suited for after-hours socializing.

Rory Murphy, Patrick Heeg, and Chase Gordon of Transwestern Real Estate Services represented Anchorage Digital in its lease. The REIT was represented by James Gale and Bill Hunter of Cushman & Wakefield. Paul Amrich, Neil King, James Ackerson, and Josh Pernice of CBRE, the exclusive leasing agents for 470 Park Avenue South, represented building ownership in the transaction.

With immediate access to the 6 Train underneath the building and just a 10-minute walk from Grand Central Terminal, 470 Park Avenue South provides easy access to the 4, 5, 6, 7 and S subway lines and the Metro-North Railroad. It is also a 10-minute walk to Penn Station, with access to the 1, 2, 3, A, C and E subway lines, Amtrak, PATH, LIRR, and NJ TRANSIT railroads.

The broader Park Avenue South neighborhood also amplifies the experience at 470 Park Avenue South, positioning tenants within walking distance of fitness options such as Equinox and SoulCycle; high-end retailers; upscale residential developments; trendy bars and eateries like Upland, Simon and the Whale, and The Clocktower; and boutique hotels like Mondrian Park Avenue, The Edition, Royalton Park Avenue and The James NoMad.

For more information, visit 470pas.com.

SJP Project Solutions Completes Initial Two Phases of 100,000-SF Restack at McCarter & English Office in Newark
March 21, 2022  |  Press Release

SJP’s construction management division completes initial renovations to program Gateway Center office as high-performance workplace for leading Northeast law firm

Newark, N.J. -- SJP Properties announced today that its third-party construction and project management arm, SJP Project Solutions, has completed the first and second phases of its renovations at McCarter & English’s Gateway Center office in Newark. The full-service law firm tapped SJP Project Solutions to transform its five-floor, 100,000-square-foot office to reflect the evolving work styles and needs of the firm’s 21st-century workforce. SJP Project Solutions is expected to complete the restacking by the fourth quarter of 2022.

“SJP’s ability to drive competitive pricing in the marketplace for construction services, and our unblemished track record executing projects of this scale and complexity — regardless of market conditions — make us the ideal partner to help McCarter & English realize the firm’s vision for its Newark office,” said Andrew Natale, COO of SJP Properties. “We have both the project staff to support these kinds of builds and decades of success executing similar complex projects across Newark for clients such as Prudential, Panasonic and KS Engineers. We’re pleased to continue growing Project Solutions’ reputation in the market as a specialty construction practice at the forefront of offering next-generation office space and unique solutions for corporate locations across the New York Metropolitan area and beyond.”

McCarter & English has offices across the Northeast and predominantly offers its innovative transactional, intellectual property and complex litigation counsel to Fortune 100, mid-market and emerging growth companies. The overhaul of the firm’s five floors, which it has occupied for decades, will include the creation of an open, glass-walled office to provide a workplace ecosystem positioned for the future of legal office space — echoing the firm’s forward-thinking business model and relationship-driven approach.

“Throughout the restacking of our five floors at the Gateway Center, the commitment and professionalism of the SJP Project Solutions Team has been exemplary.  We know we can continue to rely on their continued expertise and dedication to the complete transformation of our Newark location,” said Michael Schetlick, Director of Office Services at McCarter & English.

SJP Project Solutions is working in conjunction with Francis Cauffman Architects (FCA), engineering consultant Robert Derector Associates and the project management team from Newmark to complete the restacking.

SJP Project Solutions has completed numerous build-outs for fellow owners, developers and tenants across New Jersey and New York, most recently having been chosen to lead the build-out of Eisai’s new headquarters in Nutley, New Jersey earlier this year. Project Solutions has also executed interior build-outs for financial services firm TIAA at 194 Wood Avenue South and  multiple projects in New York and New Jersey over the past year alone.

For more information about SJP Project Solutions, please visit www.sjpprojectsolutions.com

SJP Properties and Scotto Properties Announce New Headquarters for Valley National Bank in Morristown, N.J.
March 1, 2022  |  Press Release

Demolition begins to make way for next-generation built-to-suit workplace within Morristown’s renowned transit-oriented downtown

MORRISTOWN, N.J. - SJP Properties, in partnership with Scotto Properties, today announced that demolition is underway at the future site of the new high-performance headquarters for Valley National Bank (NASDAQ:VLY), one of the largest and most prestigious banking institutions in the country. Upon completion in March 2023, Valley’s new base of operations is expected to bring more than 660 professionals to Morristown’s thriving downtown district.

Envisioned by SJP Properties in close collaboration with renowned global architecture firm Gensler, Valley’s new headquarters will replace a string of vacant structures located on five lots along Speedwell Avenue. As the only developer executing new modern built-to-suit office projects on behalf of owners and tenants in New Jersey, this new building represents the second corporate headquarters that SJP Properties has brought to Morristown in the last two years, following the signing of Deloitte as the anchor tenant of M Station in early 2020.

Designed to achieve LEED certification and create an urban environment that appeals to today’s discerning workforce, Valley’s headquarters is a modern interpretation of the masonry tradition of historic Morristown, featuring a careful balance of glass, metal and warm brick tones that embraces the character of the neighborhood. Reflecting SJP Properties’ decades-long commitment to creating inspiring workplaces that integrate meaningful technology, sustainability measures, and concierge-style services that bolster the employee experience, the building will be ideally suited to attract and retain top talent that demands more than a traditional suburban office building.

“As today’s recruiting market becomes increasingly competitive, it’s critical to create a workplace environment that excites and encourages professionals to come to the office,” said Steve Pozycki, CEO of SJP Properties. “Having a beautiful yet flexible office design that promotes health and wellbeing, offers access to the outdoors, and is integrated within a vibrant community is no longer a perk — it’s a requirement. With this latest office development in Morristown, we saw the opportunity to leverage the features that make the town a desirable place to work and live, while creating a high-performance headquarters for Valley’s professionals, who will further invigorate the downtown district as they become part of the local community fabric.”

Valley intends to relocate its operations from Wayne, N.J. to its new headquarters in Morristown, which offers approximately 120,000 square feet of office space and hallmarks that include floor-to-ceiling windows, abundant natural light, and skyline views. Operable glass walls open to three outdoor terraces, creating an indoor-outdoor environment that makes Morristown’s pastoral landscape part of the workplace. The ground floor features a dramatic lobby entrance with soaring ceilings, along with 14,500 square feet of available retail space, a portion of which is planned to house a new Valley retail banking branch. Newmark Vice Chairman David Simson represented Valley in its new headquarters lease.

“As Valley continues to evolve into a forward-thinking financial institution, we view Morristown as the ideal location for our immediate and long-term future,” remarked Valley CEO Ira Robbins. “Having partnered with and supported many Morristown organizations and nonprofits over the years, we are excited to establish a permanent home within this vibrant community. SJP Properties has a proven track record of creating and operating exceptional workplaces that propel the success of the businesses that occupy them — making them the perfect partner to envision and build our new base of operations.”

Situated directly across the street from the recently renovated Hyatt Hotel, Top Golf and 1776 On the Green restaurant, amidst the breadth of shops, lifestyle amenities, restaurants and cultural experiences that make Morristown one of the most livable townships in Northern New Jersey, Valley’s new headquarters is well positioned to offer access to Morris County’s world-class labor pool.

“Valley’s relocation to Morristown will serve as a major force to further invigorate our dynamic downtown ecosystem,” said Morristown Mayor Timothy Dougherty. “By bringing Valley’s growing workforce to Speedwell Avenue, within walking distance of a plethora of retail and dining options, the development will have an enormous impact on the local economy. We look forward to welcoming Valley — a company that has supported our community for decades — to its new home.”

In addition to offering its employees immediate access to Morristown’s amenities and conveniences, Valley’s new headquarters is situated near public transit options, including the Midtown Direct NJ Transit service to New York Penn Station, creating a suburban office building that confers the benefits of a premier downtown location, making it accessible to Valley associates throughout the region.

Following the demolition and completion of site work on the property, groundbreaking will occur in the spring of 2022 with completion estimated for March 2023.

SJP Properties and Eagle Ventures File Application to Develop Residential Building That Will Bring New Housing Options to Downtown Greenwich
February 15, 2022  |  Press Release

Following the submission of its pre-application to the Greenwich Planning and Zoning Commission in Fall 2021, New York City-based real estate developer, SJP Properties, and local developer, Eagle Ventures, have submitted a formal application to develop an upscale and amenitized residential building located just north of East Putnam Avenue between Church Street and Sherwood Place.

Designed by Minno & Wasko Architects and Planners, the seven-story building will be comprised of 192 residences and 288 parking spaces, with the ground floor and sub surface dedicated to parking and the six floors above to rental residences and amenities. The thoughtfully designed building, which features a contextual inspired architectural design intended to blend in with the various historic buildings surrounding the property, will also include a collection of lifestyle amenities and offer views of the Long Island Sound. The development has been designed to remain in line with similarly sized residential buildings in the area including: Greenwich Town and Country, Harbor View, Ituri Towers, Greenwich Towers, The Winthrop House, Greenwich Lodge and Greenwich Chateau, all of which are situated within a half-mile radius of the site.   

The project application was submitted under Connecticut’s Affordable Housing Appeals Act statute intended to encourage developers to include a mix of market rate homes and homes affordable to low and moderate income residents. In accordance with state law, the development will designate 30 percent of its residential units as deed-restricted affordable housing. This significant infusion of new housing options is expected to fulfill an urgent need among Greenwich’s existing workforce, many of whom have been priced out of the market due to the lack of affordable housing and a near-absence of available rentals in the area.

"This application signifies the next step in our efforts to bring an upscale, contextual residential development to downtown Greenwich, while also helping the Town to increase its stock of new, best-in-class community housing,” said a statement from the development team. “Given the limited housing options available to the town’s residents, as well as those who provide much-needed services to the community, but do not have access to housing here, this development will provide a unique opportunity for those seeking rental housing to reside in Greenwich without compromising on amenities, finishes or location.”

The development will invigorate the Greenwich rental market and confer the benefits of a highly amenitized, contemporary living environment to Greenwich’s public sector workers and first responders — including teachers, police officers, hospital staff and others — who meaningfully contribute to the community on a daily basis but are often forced to commute up to an hour and a half both ways to do so. Market-rate residences will also provide opportunities for young professionals and families who are attracted to the area, as well as empty nesters seeking the flexibility of a rental that allows them to remain near family and friends in Greenwich.

Additionally and upon completion, the development will benefit the many shops and restaurants in downtown Greenwich by bringing extra foot traffic to the area.

The Development team has taken measures to address community feedback received during the pre-application process to ensure this development meets the needs of the community. The team has implemented design features to reduce traffic and enhance pedestrian safety, provide ample outdoor greenspace, incorporate sustainable features and programs, and create a design that will fit in and positively contribute to the surrounding environment.

Headquartered in New York City, SJP Properties has a 40-year track record as a premier real estate owner and developer known for the creation of luxury residential and Class A commercial properties throughout the New York Metropolitan Area.

Founded in 2010 by Greenwich native James P. Cabrera, Eagle Ventures is a family office with over 25 years of local commercial and residential real estate ownership, development and management experience. Mr. Cabrera is an active member of the local community, having served as the chairman of the YMCA and the Greenwich High School Sports Foundation, and on the board of multiple other local non-profit organizations.

SJP Properties and PGIM Unveil Transformation of 470 Park Avenue South with New Indoor-Outdoor Lifestyle Amenities
January 26, 2022  |  Press Release

Upscale amenity suite features in-demand outdoor courtyard with firepit and boutique ground-floor lounge spaces to complement evolving workplace needs

NEW YORK CITY – SJP Properties and PGIM Real Estate today unveiled a  suite of purpose-built indoor and outdoor lifestyle amenities at 470 Park Avenue South that have transformed the boutique office and retail building into one of the only fully amenitized workplaces along the Park Avenue South corridor. 

As part of the building’s repositioning, ownership created a contemporary tenant lounge space branching off the building’s main lobby — perfect for meetings, presentations, and coffee breaks — that offers relaxed seating and a wall-mounted screen. This lounge area also grants a seamless transition into the building’s newly completed landscaped outdoor courtyard — outfitted with a custom-designed stone fire pit and bar ideally suited for after-hours socializing and team building in a truly indoor-outdoor environment.

“The shift in priorities of office tenants has only further strengthened the importance of not just common areas that can facilitate safe, team-based work, but also outdoor amenities, which were previously unheard of in this submarket. These spaces have now taken on a different significance, and our strategy has evolved to continue developing future-proof assets for today’s progressive tenants,” said Alexander Erdos, Senior Vice President – Leasing & Marketing at SJP Properties. “We’re seeing a flight to unique, top-end amenities, high-quality building ownership, and to more strategic locations within the city now that the post-pandemic return to office is underway. The increased leasing momentum we’re experiencing at 470 Park Avenue South — a building that has been transformed to meet tenants’ new expectations — is a testament to that.”

Centrally located in Midtown South, just a 10-minute walk from both Grand Central and Penn Station, 470 Park Avenue South eliminates the double commute that many employees have to make in Manhattan. Because of its unique location, the building provides easy access to and from the Metro-North Railroad, Amtrak, PATH, LIRR, and NJ TRANSIT. It also offers prime access to the 1, 2, 3, 4, 5, 6, 7, A, C, E, and S subway lines.

SJP and PGIM have invested $15 million into 470 Park Avenue South since the partnership acquired the building in December 2018. This reinvestment includes extensive renovations to the building’s façade and replacing all perimeter windows to enhance the already abundant natural light throughout the tenant floors. In addition to the indoor lounge area, the repurposed outdoor amenity area, and the extensive façade upgrades, SJP and PGIM will undertake a full modernization of the building’s elevator cabs and construct a new 14th-floor rooftop terrace, exclusively available to that floor’s tenant — all of which will be completed by early 2022.

“In the years since we acquired this property, we have continued our thoughtful repositioning — even in the midst of a global pandemic — with an evolving workforce and real estate landscape in mind. A full-floor identity is another key attribute being sought by companies, particularly smaller tenants, that want to truly own and control their office environment in a safe and easily navigable building, and we’re pleased to be able to offer that opportunity at 470 Park Avenue South,” added Erdos.

Designed in collaboration with global architecture firm Gensler and New York-based design firm MKDA, the new interior and exterior meeting and collaboration areas position 470 Park Avenue South as a standout workplace in Midtown South. This modern, boutique offering caters to companies seeking turnkey office space within walking distance of two major transportation hubs. 

Encompassing approximately 300,000 square feet of office and retail space on the blockfront from 31st to 32nd streets, the building consists of a north and south tower with restored original brick exterior walls, original hardwood and exposed polished concrete floors intermixed throughout the property, modern common area finishes, an abundance of natural light, and 10,000 to 20,000-square-foot floor plate sizes. Each floor has operable windows, private restrooms, and a new HVAC system with advanced HEPA air purification systems in individual tenant spaces.

470 Park Avenue South currently has single, two, and three contiguous full-floor availabilities of approximately 10,000 square feet per floor in the north and south towers. The south tower also features a to-be-built amenity suite at the top of the building on the 18th floor. Current availabilities include the pre-built 2nd floor in the north tower, which offers striking views of Grand Central Terminal as well as views south along Park Avenue given the building’s natural site lines. The building also has space in “white box” condition on the 8th floor in the north tower and the 14th floor in the south tower.

Neil King, Paul Amrich, James Ackerson, and Josh Pernice of CBRE are the exclusive leasing brokers for the building. For more information, visit www.470pas.com.

SJP Properties and David Werner Real Estate Investments Acquire Waterfront Corporate Center I in Hoboken
January 24, 2022  |  Press Release

With buyback of premier office and retail building, SJP once again controls the entire three-building, 1.5M-SF Waterfront Corporate Center complex

Hoboken, N.J. – A partnership of SJP Properties, David Werner Real Estate Investments and Jeremy Rieder’s Onyx Partners LLC announced today that it has acquired Waterfront Corporate Center I, a 14-story, headquarters-quality office and retail building along Hoboken’s Hudson River waterfront, from Veris Residential, formerly Mack-Cali. The building is part of a three-building, 1.5 million-square-foot office and retail complex that was developed by SJP Properties between 2002 to 2014 — with the buyback of Waterfront Corporate Center I, SJP once again owns and manages the entirety of Waterfront Corporate Center. 

With a premier waterfront location that offers direct access to multiple transit modes and walkability in the vibrant Hoboken neighborhood, Waterfront Corporate Center provides some of the best access to labor in the Tri-State area, along with high-performance, efficient workspace; and a best-in-class tenant experience resulting from SJPs’ concierge-style services. The complex reflects SJP’s decades-long commitment to creating attractive, inspiring workplaces that integrate meaningful technology and sustainability measures to improve the employee experience.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center l is just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections and sits adjacent to the W Hoboken Hotel. The property also offers immediate access to on-site parking for commuters traveling by car, and is just a short drive from both the Holland and Lincoln tunnels.

“What’s really exciting is that this is the first time since the completion and initial lease up of Waterfront Corporate Center that a 100,000-square-foot block of space has been available on a direct basis in any of the 1.5 million-square-foot complex's three buildings. This represents a tremendous opportunity for a company to establish a meaningful presence in Hoboken, which remains one of the top performing markets in the region by virtue of its exceptional transit access and vibrant, 24/7 lifestyle,” stated Steve Pozycki, Founder and CEO of SJP Properties. “When you consider the market’s renewed focus on outdoor space, having direct access to the  entire Hoboken waterfront just steps from the lobby is a huge selling point. Companies are demanding our brand of best-in-class property management — an important offering to their current and prospective workforce as they return to the office — and we know this space is going to lease quickly.”

Waterfront Corporate Center III has achieved LEED Gold certification — making it the only commercial asset on the New Jersey waterfront to do so — through the incorporation of energy-efficiency and air quality controls that enable healthy, light-filled environments for people to work and collaborate. The building is also WiredScore Gold certified. 

Waterfront Corporate Center I currently has 100,000 square feet of office space available for lease across two floors, while the building’s retail space is fully leased. Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties, is serving as SJP’s in-house leasing agent for Waterfront Corporate Center I. Office space within Waterfront Corporate Center II and III is fully leased.

The complex is currently home to leading corporations such as EY, Marsh & McLennan, Newell Brands, Walmart, RMS, Pearson, and Wiley, and houses an on-site, state-of-the-art fitness center, Crunch Fitness; as well as Del Frisco’s Grille; Wicked Wolf restaurant; Jos A. Bank; FedEx; Chase Bank; Cresthill Academy; and Gregory’s Coffee. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned amenities, as well as three piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle.

 

SJP Properties and Scotto Properties Complete Turnover of Office Floors at M Station East in Morristown
December 17, 2021  |  Press Release

Joint venture unveils construction progress on first of two office buildings in advance of Deloitte’s forthcoming occupancy

MORRISTOWN, N.J. - SJP Properties, in partnership with Scotto Properties, announced today the completion of the five floors of office space within M Station East — the first of two buildings that will comprise M Station, a transformative headquarters-quality office and retail development in downtown Morristown, New Jersey. M Station East topped out in April 2021 following its November 2020 groundbreaking, and is now completely enclosed with its core and shell complete.

SJP and Scotto hosted a party on Wednesday evening to celebrate the building’s progress and showcase it as the first completed phase of the project. Professional services firm Deloitte, which signed a lease for 110,000 square feet to occupy all of M Station East’s office space, will relocate its operations from Parsippany to Morristown in Q3 of 2022.

”Hosting this event at M Station East was pretty special since the project has been years in the making, and now the town and brokerage community finally have the opportunity to actually experience the asset firsthand,” said Alexander Erdos, Senior Vice President – Leasing & Marketing at SJP Properties. “M Station East is the first piece of this puzzle and it's already having a transformative effect on the area – there is simply no comparable product in the New Jersey suburbs. With its floor-to-ceiling glass and impeccable finishes, this development is more akin to a headquarters space that you would find in Manhattan — but also features the added benefits of expansive usable outdoor space and the vibrancy of downtown Morristown.”

Designed by global architecture firm Gensler in close collaboration with SJP Properties, M Station is a key linchpin connecting the Morristown Train Station to the center of Morristown’s celebrated downtown. Currently under construction, M Station East is six stories high and will total approximately 120,000 square feet, including 10,000 square feet of premier first-floor retail space, as well as the lobby and building services area. The development’s second building, M Station West, will total 253,000 square feet of office and retail space across seven stories. SJP is currently marketing available office and retail leasing opportunities for M Station in partnership with Cushman & Wakefield, the development’s exclusive office leasing agent, and with Newmark Group, which is serving as the retail leasing agent.

The long-anticipated development is strongly positioned to draw companies that are seeking to attract next-generation talent to energized work environments that offer access to the outdoors and are situated in amenity-rich locations. At M Station, tenants and their employees are just steps from numerous dining, shopping, hotel, fitness, and arts and entertainment options that come together to create a seamless work-life experience and afford a multimodal commute.  

M Station’s two buildings are designed to achieve LEED certification, and will be bridged by a 1,000-car parking structure that will be constructed in two phases and include public parking for the development’s on-site retail. To enhance the pedestrian experience, the two buildings will be set back a generous 45 feet from Morris Street to create a landscaped pedestrian promenade and two public plazas with seating, improving the area’s walkability, particularly between the nearby New Jersey Transit station and The Morristown Green, making it safer for both drivers and pedestrians.

For more information about M Station, please visit mstationorristown.com.

SJP Properties Signs a National Insurance Carrier for 21,010 SF at 200 Wood Avenue South
October 12, 2021  |  Press Release

Insurance solutions provider inks lease for second office in newly-repositioned Metropark property

Iselin, N.J.  -- SJP Properties announced today that a national insurance carrier has signed a lease for 21,010 square feet at 200 Wood Avenue South in Iselin, N.J. The transaction reflects the success of SJP’s program to reposition 200 Wood Avenue South for the needs of the modern workforce, with an unparalleled combination of state-of-the-art infrastructure, indoor and outdoor amenities, and purpose-built workspaces. 

The national insurance carrier committed to a long-term lease at 200 Wood Avenue South due to the building’s unique attributes and SJP’s superior concierge management and project management capabilities. The new office is in addition to its existing Manhattan headquarters. The deal follows leases by international transport company DSV and globally-ranked financial services company Credit Agricole, which have also established offices at 200 Wood Avenue South.

“This provider of insurance solutions joins a growing list of prestigious companies that have selected 200 Wood Avenue South for its standout combination of headquarters-quality office space and exceptional amenities, all within the Metropark submarket that makes commuting convenient to points both north and south,” said Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties. “We’ve had an overwhelmingly positive response to this property as more companies seek out opportunities for their teams to occupy world-class office environments in strategic, transit-oriented locations.”

SJP Project Solutions, SJP’s third-party construction management platform, will execute a custom interior build-out to accommodate the tenant’s workforce. The build-out will include the creation of private offices, executive offices with views of the redeveloped campus, collaborative spaces for employees, and custom glass office fronts throughout, as well as the installation of modern LED linear light fixtures. The space will also feature high finished ceilings made possible by the excellent slab-to-slab heights of the existing interior, with an open ceiling in the office lobby to accentuate both the building’s historic architecture and its concrete waffle slab construction entrance. The national insurance carrier will begin occupying its new space at 200 Wood Avenue South in Q1 of 2022. Blake Goodman and Erin Moran of JLL represented the tenant in the transaction, while Wes Moore of CBRE represented SJP.

SJP acquired 200 Wood Avenue South in early 2020 and executed a comprehensive strategy to reposition it, paying homage to its postmodernist architecture with a complete interior and exterior renovation, as well as new building systems and indoor/outdoor lifestyle amenities. The company’s employees will enjoy the building’s brand new lobby, state-of-the-art fitness center, collaborative common areas, including landscaped outdoor meeting areas, nationally recognized food operators within the on-site dining area, and ample on-site parking. SJP is also providing its signature hospitality and concierge services as part of its property management offering.

Leasing opportunities totaling 135,000 square feet of available space currently exist at the building. Additionally, for tenants seeking a private outdoor area for their employees, SJP has created a landscaped open green space at 200 Wood Avenue South — the only space of its kind within New Jersey — that is available exclusively for a future tenant to customize into a private patio, outdoor lounge, dining area, or garden conferencing space with SJP’s build-out capabilities.

Spanning 270,000 square feet, 200 Wood Avenue South offers the ability to attract and retain New Jersey’s top talent where the labor markets converge, and is within walking distance to the Metropark Train Station, which offers NJ TRANSIT and Amtrak Acela services. 200 Wood Avenue South is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike, and the Garden State Parkway.

The building has a resilient and efficient infrastructure, featuring a base-building UPS system, two 1,500 kilowatt power generators and upgraded mechanical systems — including air filtration upgrades for improved air quality to create a healthier environment for employees.

For more information about 200 Wood Avenue South, please visit www.woodavemetropark.com.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

SJP Properties Signs Office Lease Extension with Qualcomm for 95,579 SF at Somerset Corporate Center V
June 29, 2021  |  Press Release

Technology provider renews lease at strategically located Bridgewater campus

Bridgewater, N.J. -- SJP Properties announced today that Qualcomm, a leading innovator of advanced wireless technologies and mobile data solutions, has signed an agreement to extend its office lease at Somerset Corporate Center V, committing to 95,579 square feet at the best-in-class corporate campus in Bridgewater, N.J.

Qualcomm, which has been a tenant of Somerset Corporate Center since 2007, was initially drawn to the campus for the unmatched quality of its buildings and sophisticated technological infrastructure. Over the years, SJP has reinvested extensively in Somerset Corporate Center, integrating a robust lifestyle amenities program that has transformed the campus into a work/play/stay destination to help tenants like Qualcomm continue to attract top talent. This reinvestment includes the introduction of a 170,000-square-foot Life Time athletic facility, offering a world-class health club experience; a 31,000-square-foot Life Time Work, the brand’s coworking concept; a soon-to-be-open Tommy’s Tavern + Tap restaurant; and a 150-room AC Hotel by Marriott that features The Bradford, a rooftop bar, restaurant and lounge providing exceptional views of the campus and surrounding landscape. Additionally, the campus is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – offering over 100 shops, specialty stores, and restaurant options, as well as outdoor plazas, for Somerset Corporate Center’s tenants to enjoy.

“For more than a decade, Somerset Corporate Center has been able to exceed Qualcomm’s stringent facilities requirements, and to this day the complex remains one of the most desirable corporate campuses in the state by virtue of SJP’s commitment to continuously elevate the work-life experience for tenants,” said Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties. “No other campus in Central New Jersey offers the unmatched lifestyle programming, headquarters-quality workspace and five-star concierge property management that Somerset Corporate Center affords. It’s this unique combination that has been integral to keeping discriminating tenants happy and committed to the campus.”

Widely regarded as the premier corporate headquarters location in Central New Jersey, Somerset Corporate Center is home to numerous leading-edge companies that benefit from its state-of-the-art work environment. In addition to Qualcomm, these tenants include Oracle, Capgemini, Cognizant, iconectiv, Merrill Lynch, Messer, Juniper Networks, Life Time Work, Bausch Health, and Kering Eyewear.

The campus comprises five existing Class A buildings, totaling 1.2 million square feet, that are situated around a landscaped central park, affording a unique configuration that enables access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just two miles from the property. The campus features common amenities available to all tenants including state-of-the-art conferencing and fitness facilities.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

RMS Extends Office Lease with SJP Properties at Waterfront Corporate Center II
June 22, 2021  |  Press Release

Decades-long risk management tenant extends commitment at premier Hoboken business address

Hoboken, N.J. -- SJP Properties announced today that Risk Management Solutions Inc. (RMS), a global risk solutions company, has extended its office lease at Waterfront Corporate Center II in Hoboken for 27,510 square feet.

A tenant of Waterfront Corporate Center since 2010, RMS and its workforce are able to access all of the advantages that come with being at a prime Hudson River waterfront location that affords unobstructed views of the Manhattan skyline; immediate access to transit via the nearby Hoboken Terminal; and walkability to downtown Hoboken’s world-class dining, shopping and entertainment options.

“We value our long-standing relationship with RMS as a true partner in helping them achieve their business growth objectives with smart real estate decisions,” said Alexander Erdos, Senior Vice President – Leasing & Marketing, at SJP Properties. “Hoboken remains one of the Hudson River waterfront’s most sought-after submarkets, and we’re proud to continue our track record in this market of leasing to forward-looking companies seeking convenient, next-generation office space, unsurpassed amenities and transportation access for their workforces.”

RMS was represented in the transaction by Charles Laginestra and Nick Savage of CBRE.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex was developed by SJP Properties and comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections. The property also offers immediate access to on-site parking for commuters traveling from across New Jersey, and is just a short drive from both the Holland and Lincoln tunnels. In addition to RMS, the complex is home to leading corporations such as EY, Marsh & McLennan, Newell Brands, Walmart, and Pearson.  

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Del Frisco’s Grille, Wicked Wolf restaurant, Jos A. Bank, FedEx, Chase Bank, Apple Montessori School, and Gregorys Coffee. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned amenities, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle.

Reflective of Waterfront Corporate Center’s position as one of the state’s preeminent business addresses, the complex features highly efficient floor plates with excellent New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the complex’s tenants.

SJP Properties Completes Redevelopment of 200 Wood Avenue South with Build-Out of DSV’s U.S. Headquarters
May 24, 2021  |  Press Release

Strategic repositioning program at next-gen Metropark office building capped by 97K-SF HQ lease and interior build-out with global transport company

Iselin, N.J. -- SJP Properties announced today that it has completed the redevelopment of 200 Wood Avenue South in Metropark, having transformed the building into a world-class, next-generation office environment that affords the infrastructure, amenities and purpose-built space required by today’s discerning workforce. The milestone was capped by the completion of global shipping leader DSV’s new U.S. headquarters at the building, encompassing a 97,000-square-foot interior build-out that was overseen by SJP’s construction management team.

“Welcoming the U.S. headquarters of DSV to 200 Wood Avenue South is a perfect milestone marking the completion of the building’s transformation and proving that top occupiers seek out top end assets and amenities. This deal also demonstrates the value of working with an owner that is able to serve as a true partner in creating a dynamic work environment that will draw employees back into the office,” said Alexander Erdos, Senior Vice President — Leasing & Marketing, at SJP Properties. “SJP’s vision for this building was to create a high-end experience that offers vast outdoor amenities that are actually set up to be utilized, along with state-of-the-art upgraded systems for a healthy and comfortable work environment. We’ve brought this vision to life and the response from tenants has been extraordinary.”

SJP acquired 200 Wood Avenue South in early 2020 and executed a comprehensive strategy to reposition it, paying homage to its postmodernist architecture with a complete interior and exterior renovation, as well as new building systems and indoor/outdoor lifestyle amenities. Employees at DSV will enjoy the building’s brand new lobby, state-of-the-art fitness center, collaborative common areas including landscaped outdoor meeting areas, nationally recognized food operators within the on-site dining area, and ample on-site parking. SJP is also providing its signature hospitality and concierge services as part of its property management offering.

DSV signed a long-term lease at 200 Wood Avenue South, selecting the building for its strategic location within the Metropark transit hub, which affords exceptional amenities, access to New Jersey’s skilled labor force and ease of commute to New York City. Additionally, DSV tapped into SJP’s construction and development management expertise to execute a custom build-out for its new headquarters, taking full advantage of the base building conditions delivered by SJP, as well as the building’s spacious layouts, expansive ceiling heights and unique, modern industrial aesthetic. DSV took occupancy of its space at 200 Wood Avenue South - comprising the building’s entire third floor -- in April.

Leasing opportunities currently exist at the building. Additionally, for tenants seeking a private outdoor area for their employees, SJP has created a landscaped open green space at 200 Wood Avenue South — the only space of its kind within New Jersey — that is available exclusively for a future tenant to customize into a private patio, outdoor lounge, dining area, or garden conferencing space with SJP’s build-out capabilities.

Spanning 270,000 square feet, 200 Wood Avenue South offers the ability to attract and retain New Jersey’s top talent where the labor markets converge and is within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services. 200 Wood Avenue South is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike, and the Garden State Parkway.

The building has a resilient and efficient infrastructure, featuring a base-building UPS system, two 1,500 kilowatt power generators and upgraded mechanical systems — including air filtration upgrades for improved air quality to create a healthier environment for employees.

For more information about 200 Wood Avenue South, please visit www.woodavemetropark.com.

 

SJP Properties Announces Topping Out of M Station at Morristown
April 30, 2021  |  Press Release

First of two buildings within next-gen office and retail development reaches full height

MORRISTOWN, N.J. - SJP Properties, in partnership with Scotto Properties, announced today that it has topped out M Station East — the first of two buildings that will comprise M Station, a transformative headquarters-quality office and retail development in downtown Morristown, New Jersey.

”Each day we are getting closer to delivering a future workplace that will attract leading-edge companies to Morristown’s downtown, invigorating area businesses and activating the streets during the daytime,“ said Steve Pozycki, CEO of SJP Properties. “In just six months since breaking ground we’ve reached the full height of M Station East, and are tracking quickly toward additional milestones as our vision for this important development comes to fruition.” 

Designed by global architecture firm Gensler in close collaboration with SJP Properties, M Station is a key linchpin connecting the Morristown Train Station to the center of Morristown’s celebrated downtown. The state-of-the-art development is strongly positioned to draw companies that are seeking to attract next-generation talent to energized work environments that offer access to the outdoors and are situated in amenity-rich locations. At M Station, tenants and their employees are just steps from numerous dining, shopping, hotel, fitness, and arts and entertainment options that come together to create a seamless work-life experience.

M Station’s first building - M Station East - is six stories high and will total approximately 120,000 square feet, including 10,000 square feet of premier first-floor retail space, as well as the lobby and building services area. It will be home to leading professional services firm Deloitte, which signed a lease for 110,000 square feet to occupy all of the building’s office space, with plans to relocate its operations from Parsippany to Morristown in the third quarter of this year.

The development’s second building, M Station West, will total 253,000 square feet of office and retail space across seven stories. Construction on M Station West will commence upon the signing of an anchor tenant to occupy at least one full floor within the building. SJP is currently marketing available office and retail leasing opportunities for M Station in partnership with Cushman & Wakefield, the development’s exclusive leasing agent.

Designed to achieve LEED certification, M Station’s two buildings will be bridged by a 1,000-car parking structure that will be constructed in two phases and include public parking for the development’s on-site retail. To enhance the pedestrian experience, the two buildings will be set back from Morris Street a generous 45 feet to create a landscaped pedestrian promenade and two public plazas with seating, improving the area’s walkability, particularly between the nearby New Jersey Transit station and The Morristown Green, making it safer for both drivers and pedestrians.

“We’re making exceptional progress on our development plan thanks to our talented team and the support of Morristown’s leadership,” continued Pozycki. “We look forward to completing interior construction on M Station East and welcoming Deloitte to its new home later this year.”

For more information about M Station, please visit mstationorristown.com.

SJP Properties Hires Alexander Erdos as SVP of Leasing & Marketing
April 19, 2021  |  Press Release

Former CBRE exec will support leasing, expansion of SJP’s portfolio and third-party development services

NEW YORK SJP Properties announced today that Alexander Erdos has joined the company as Senior Vice President — Leasing and Marketing. In this role, Erdos will work directly with SJP Properties Founder and CEO Steve Pozycki to oversee business development, leasing and marketing — focusing on expanding SJP’s entire portfolio, and spearheading progress on the company’s transformational projects, including M Station at Morristown, 200 Wood Avenue in Metropark, Waterfront Corporate Center in Hoboken, and Somerset Corporate Center in Bridgewater, New Jersey. Erdos will also contribute to the strategic growth of SJP Project Solutions, the company’s third-party development, construction, and project management business.

“As commercial tenants seek out increasingly diverse real estate solutions, Alex’s experience working with a wide variety of occupiers and owners, particularly in the New York Metropolitan Area, will be crucial in managing and growing our pipeline,” Pozycki said. “His intricate knowledge of the office and life science sectors will catalyze our continued effort to grow these markets in New Jersey. We look forward to applying Alex’s expertise to our strategy as we continue to add more world-class companies to our roster of tenants.”

Prior to joining SJP, Erdos served as Vice President at CBRE in Midtown Manhattan, where he was an integral part of the Northeast Consulting team responsible for advising and representing a broad range of owners and occupiers in the office and life science sectors. His decade of experience in commercial real estate, combined with his legal background, has enabled him to successfully navigate complex transactions for his clients.

During his career, Erdos has demonstrated a consistent ability to successfully guide owners in repositioning assets to maximize value, and has represented numerous venture-backed occupiers and publicly traded companies, including Sony, Pfizer, Inc., and Nestlé.

“SJP Properties is an industry leader — consistently accelerating growth, while remaining nimble enough to partner with tenants whose needs are constantly evolving,” Erdos said. “Advising on both the landlord and tenant side, as well as within the capital markets and lending spheres, has given me a holistic view of the forces at work in today’s market. I’m eager to bring my hybrid skill set and understanding of nontraditional tenants to the SJP team.”

Erdos has received a number of notable awards, including the Commercial Observer 30 Under 30, during the earlier stage of his career at Eastern Consolidated, where he built foundational experience in capital markets and investments sales. He holds a bachelor’s degree from University of Pennsylvania and a law degree from Suffolk University Law School. Erdos sits on the Secondary School Committee of the University of Pennsylvania Alumni Association, and is an active member of the Real Estate Board of New York (REBNY).                                           

SJP Properties Announces New Leadership and Expansion of Property Management Platform
April 7, 2021  |  Press Release

Barbara Quintana promoted to lead management teams across SJP’s office portfolio; Mary Tanzer hired as General Manager

New York City – SJP Properties announced today that it has deepened its leadership team with the promotion and hiring of two key professionals within its property management platform: Barbara Quintana has been promoted to Director of Property Management, and Mary Tanzer has been hired as General Manager. Quintana and Tanzer will bring their combined experience of over forty years to oversee all property management operations, and tenant and vendor relations for SJP’s best-in-class office portfolio.

“The highest level of concierge service in both property management and asset management has been the foundation of SJP’s success creating a world-class environment for every tenant within our portfolio, and we could not have found a more competent professional to oversee this critical function of our organization than Barbara,” said Steve Pozycki, Founder and CEO of SJP Properties. “Furthermore, Barbara’s promotion created the opportunity to bring another talented professional onto our team — we’re proud to have selected Mary, who is incredibly accomplished in her own right, and who we’re confident will continue our proud legacy of delivering a superior tenant experience throughout our New York City assets.”  

With more than 30 years of experience, Quintana previously served as the General Manager for SJP’s New York property management teams. In her new role as Director of Property Management, Quintana will lead the management teams for SJP’s commercial assets in both New York and New Jersey, including spearheading all property management operations, financial performance, and reporting. Prior to joining SJP, Quintana oversaw asset and facility management for Class A properties in Chicago and New York on behalf of such clients as JP Morgan Chase, N.A., Fosun Property Holdings, Travelers Insurance Company, Banc One Corporation, and the First National Bank of Chicago.

Quintana is a graduate of Harvard University with a bachelor’s degree in Psychology. She is an active member of BOMA New York, a former Board member of BOMA Chicago and co-chair of that organization’s Mentorship Committee. Quintana also served on the board of Mujeres Latinas en Acción, a bilingual/bicultural not-for-profit organization that advocates for and offers services to the Latino community in Chicago. Additionally, she was recognized as a Business Leader of Color by Chicago United and received an award for Mentorship Excellence in 2019 from the Committee for Hispanic Children and Families.

“As a leader in the industry, SJP represents the best in property development and concierge management services, and I was honored to accept this new role,” said Quintana. “I look forward to shaping and executing the company’s strategy for excellence across New York and New Jersey.”

Tanzer brings more than a decade of experience to her position as General Manager, where she works closely with each property management team on staffing, building relationships, and general operations across SJP’s New York portfolio, including 11 Times Square, where SJP’s flagship office is located. Tanzer previously worked with Tishman Speyer as Senior Manager of Facilities/Operations, supporting NBCUniversal at 30 Rockefeller Center and NBCU/CNBC in Englewood Cliffs, N.J. Throughout her career, Tanzer has overseen property management at several Class A properties, including Hearst Tower and 200 Park Avenue, and also worked as Director of Property Management for Savitt Partners. She earned her bachelor’s degree in English from William Paterson University. 

“Having worked at several remarkable buildings in Manhattan, I am extremely proud to join the SJP team and apply my experience to upholding its reputation as a partner to corporate tenants across New York,” said Tanzer.

 

SJP Properties Hires Patrick Jennings as SVP of Acquisitions
February 24, 2021  |  Press Release

Real estate investment professional with over 20 years of experience hired to support continued expansion of SJP’s portfolio

NEW YORK SJP Properties announced today that Patrick Jennings has joined the company as Senior Vice President of Acquisitions. In this role, Patrick will work directly with SJP Properties CEO and Founder Steve Pozycki to pursue new acquisition, development and investment opportunities, and apply his experience and expertise to help the entire SJP corporate team strategically expand the firm’s portfolio of assets. 

“Our organization’s success has always been derived from the strength of our team and the breadth of our industry relationships. In welcoming Patrick – someone who I have known for years and who I have tremendous respect for – we are furthering our commitment to building the industry’s best team across every discipline of the real estate business,” said Pozycki. “As we look to strategically expand our reach and identify new opportunities, Patrick is exactly the kind of professional that we need to realize our goals for 2021 and beyond.”

Prior to joining SJP, Jennings worked with Arden Group for four and a half years, where he spearheaded the growth of the office investment platform there and, for the last two years at Arden, he directed the day-to-day fundraising, strategy, deal sourcing, and asset management responsibilities for the multifamily and student housing assets acquired in the firm’s opportunity zone fund. He previously worked for 14 years at Murray Hill Properties in New York City, where he managed investments across the value-add lifecycle, from sourcing through disposition, including oversight of financial due diligence, deal structuring and capitalization, business plan development, and plan execution.

“As someone who values building lasting industry relationships and a successful track record over time, I’m eager to join SJP Properties and help to grow an already very successful organization and one of the region’s most prolific commercial real estate development firms,” Jennings said. 

Jennings received his bachelor’s degree in economics from Boston College, having also studied economics at the City University of Hong Kong.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200, visit www.sjpproperties.com or follow us on LinkedIn and Instagram.

Eisai Assembles World-Class Team, Led by SJP, to Manage Build-Out of New U.S. Headquarters
January 19, 2021  |  Press Release

SJP Project Solutions to leverage construction management expertise for Japanese pharmaceutical company’s employee-focused HQ at high-tech N.J. campus

Nutley, N.J. — In a powerful demonstration of its commitment to continued growth and employee well-being, global pharmaceutical company Eisai has announced its selection of SJP Project Solutions to lead a world-class team in the build-out of its new U.S. headquarters at ON3, a high-tech bio-ecosystem in Nutley, New Jersey. Eisai, an oncology- and neurology-focused pharmaceutical company and the U.S. subsidiary of Eisai Co., Ltd., will be relocating its U.S. headquarters from Woodcliff Lake to the entirety of 200 Metro Boulevard at ON3, in Q4 of 2021. Eisai signed a lease in August for 300,000 square feet at the campus and has tapped SJP Project Solutions -- the third-party development management division of SJP Properties -- to work with its in-house team. As part of the process, the SJP team will collaborate with ON3 owner Prism Capital Partners on the base-building improvements, and will work closely with leading global architecture firms HLW and AMA on the design and build-out of Eisai’s new headquarters, where the company will be transferring up to 1,200 corporate staff and research and development functions. “Continued and constant growth of the healthcare ecosystem is essential during these challenging times,” said Joel Beetsch, PhD, Vice President of Corporate Affairs at Eisai Inc. “The combination of healthcare innovation and the knowledge-creating space in which it takes place is a critical and powerful partnership. Eisai deeply appreciates the expertise of SJP to help drive the delivery of healthcare solutions to patients and their families.” Eisai conducted a meticulous search for a headquarters project team that will effectively support its commitment to “human health care” — Eisai’s corporate philosophy denoting the key role that patients, their families and consumers all play in the healthcare industry. Eisai employees embody this philosophy daily as part of a mission-driven culture that is guiding the company’s workplace strategy, with a design that prioritizes safety, collaboration and innovation. “As a company that is on the leading edge of the life sciences sector, Eisai was discerning and deliberate in its process for assembling a team to deliver a purpose-built headquarters that will be additive to its operations and facilitate employees’ invaluable work,” said Peter Bronsnick, President — New Jersey Region at SJP Properties. “Now, more than ever, making real estate decisions with your workforce’s well-being in mind is crucial for business continuity, and Eisai is the perfect example of a company that is leading from the front in this regard.” SJP’s Project Solutions division has years of experience not just delivering superior, complex construction projects, but also specifically in creating resilient, ideal headquarters locations for international companies across the New York Metro area. Since its launch in 2018, the division has grown to include assignments totaling over three million square feet of build-out and ground-up construction projects. Notable projects include: the repositioning of Mack-Cali’s Harborside mixed-use development along the waterfront in Jersey City, N.J.; the build-out of EY’s offices in Hoboken, N.J.; the build-out of SIR Capital Management’s offices at 11 Times Square in Manhattan; the development of Prudential Financial’s headquarters in Newark, N.J.; and the development of Life Time Work’s office in Iselin, N.J. To learn more about SJP Project Solutions and its third-party management offerings, visit www.sjpprojectsolutions.com. About Eisai Inc. At Eisai Inc., human health care (hhc) is our goal. We give our first thoughts to patients and their families, and help to increase the benefits health care provides. As the U.S. pharmaceutical subsidiary of Tokyo-based Eisai Co., Ltd., we have a passionate commitment to patient care that is the driving force behind our efforts to discover and develop innovative therapies to help address unmet medical needs. Eisai is a fully integrated pharmaceutical business that operates in two global business groups: oncology and neurology (dementia-related diseases and neurodegenerative diseases). Our U.S. headquarters, commercial and clinical development organizations are located in New Jersey; our discovery labs are in Massachusetts and Pennsylvania; and our global demand chain organization resides in Maryland and North Carolina. To learn more about Eisai Inc., please visit us at https://us.eisai.com and follow us on Twitter and LinkedIn. About SJP Properties Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200, visit www.sjpproperties.com or follow us on LinkedIn and Instagram.

SJP Properties and Scotto Properties Break Ground on M Station in Downtown Morristown
November 13, 2020  |  Press Release

Next-Generation Office and Retail Development Poised to Invigorate One of New Jersey’s Most Sought-After Downtowns

MORRISTOWN, N.J. – A partnership of SJP Properties and Scotto Properties has broken ground on the first of two headquarters-quality office and retail buildings that will comprise M Station, a transformative redevelopment in downtown Morristown, New Jersey. The milestone was marked this morning with an intimate groundbreaking ceremony onsite, attended by project partners, Morristown Mayor Timothy Dougherty and Town officials.

Designed by global architecture firm Gensler in close collaboration with SJP Properties, M Station is Morristown’s most significant commercial development in more than 30 years. The development is poised to invigorate Morristown’s downtown, attracting high-quality commercial tenants that will support neighborhood retailers and restaurants, while delivering new retail options and critical infrastructure improvements.

Earlier this year, SJP and Scotto announced that M Station had secured its anchor office tenant in leading professional services firm Deloitte, which signed a lease for 110,000 square feet to occupy all of the office space in the development’s first building, known as M Station East.

“The groundbreaking at M Station represents an important milestone in the evolution of downtown Morristown, as the development will add another dynamic to the vibrant atmosphere that has taken shape near The Green over the last decade,” Mayor Dougherty said. “As a community, we look forward to experiencing the increased economic vitality that Deloitte will bring to our area, and to welcoming other high-caliber companies that will occupy M Station.”

Deloitte is relocating its operations from Parsippany to M Station East, which will rise six stories and total approximately 120,000 square feet, including 10,000 square feet of premier first-floor retail space, as well as lobby and building services areas. The second building, M Station West, is planned to include 253,000 square feet of office and retail space across seven stories.

“What motivates our team is the opportunity to create enduring properties where every element is carefully considered to provide a superior experience, and M Station is no exception,” stated Steven Pozycki, CEO of SJP Properties. “Each feature of this development -- from its distinctively modern architecture and state-of-the-art infrastructure, to its energy-conscious design and efficiently configured floor plates -- is a testament to our organization’s passion for excellence. We applaud Morristown’s leadership for having the vision to realize the positive impact that M Station will make, and look forward to delivering this meaningful project at a time when economic development of this caliber and significance is so critically needed.”

Designed to achieve LEED certification, M Station’s two buildings will be bridged by a 1,000-car parking structure that will be constructed in two phases and include public parking for the development’s on-site retail. To enhance the pedestrian experience, the two buildings will be set back from Morris Street a generous 45 feet to create a landscaped pedestrian promenade and two public plazas with seating, improving the area’s walkability, particularly between the nearby New Jersey Transit station and The Morristown Green. The development team has also planned a roundabout for the intersection of Morris and Spring Streets to reduce the queuing and congestion of cars entering and leaving The Green, making it safer for both drivers and pedestrians.

“By virtue of its proximity to highly skilled labor, its Midtown direct train service, and its draw as a model downtown with revered shopping and dining, few New Jersey markets are more desirable than Morristown in meeting the modern tenant’s rapidly evolving needs,” said Peter Bronsnick, President – New Jersey Region, SJP Properties. “With M Station, there is an opportunity that hasn’t previously existed for companies to occupy high-performance, new construction office space in Morristown that is perfectly suited to today’s optimal workplace culture. This offering is truly unmatched in the market and is poised to be one of SJP's signature developments.”

For more information about M Station, please visit mstationmorristown.com.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

 

SJP Properties Reveals 64,000-SF Interior Build-out for TIAA at 194 Wood Avenue South in Metropark
November 9, 2020  |  Press Release

Leading Fortune 100 company taps property’s original developer for collaborative workplace transformation

Iselin, N.J. – SJP Properties has announced the completion of TIAA’s 64,000-square-foot interior office build-out at 194 Wood Avenue South in Metropark. TIAA, a leading Fortune 100 financial services organization, tapped SJP Project Solutions, SJP’s third-party project and construction management division, to oversee the space’s execution. 

SJP is the original owner and developer of 194 Wood Avenue South, a 470,692-square-foot, headquarters-quality office tower that was owned by AIG at the time of the project, and later sold by AIG in August of this year. TIAA selected SJP Project Solutions for its redevelopment expertise, superior relationships with subcontractors, ability to work quickly, and knowledge of the property; Project Solutions finished the entire build-out in just under nine weeks. 

“This is now a more modern workplace — the best quality interior space in Metropark — that effectively brings TIAA’s employees and operations into the future,” said Peter Bronsnick, President - New Jersey Region, SJP Properties. “These two floors at 194 Wood Avenue represent the changes we can expect to see across the market as we continue to reimagine office configurations and design to keep employees comfortable, safe, and performing optimally.”

The Project Solutions team transformed what was a traditional suburban office installation into an open-concept floor plan with plenty of natural light, multiple collaborative work areas across two floors, and an interconnecting interior staircase. The property’s condition and SJP’s ownership knowledge allowed the building to be easily refreshed, with the right expertise, standing the test of time and showing TIAA’s investment in its culture and ability to provide a modern workplace that helps recruit, attract and retain talent.

SJP Project Solutions collaborated with IA| Interior Architects and ARUP mechanical engineering.

“SJP, and the Project Solutions brand, is known for our ability to execute at the highest level, thanks to our decades of expertise and deep-running relationships within the construction market,” said Andrew Natale, COO of SJP Properties. “We leverage these tools for every assignment and having the capacity to work on an expedited timeline in collaboration with our project partners is something we’re proud to offer national companies looking to invest in their workplace and their company culture.”

The location of 194 Wood Avenue South within Metropark affords its occupants amazing connectivity and suburban amenities, much like those of 200 Wood Avenue South, a next-generation workplace that SJP Properties acquired earlier this year and is continuing to modernize. Both buildings offer the ability to attract and retain New Jersey’s top talent where the labor markets converge, boasting modern, efficient floor plates and ample ceiling heights. The buildings are within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services, and are conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike and the Garden State Parkway.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

 

 

SJP Project Solutions Completes Construction of New Life Time Work at Somerset Corporate Center
September 21, 2020  |  Press Release

Completed 31,000-square-foot space in Bridgewater serves as Life Time’s first New Jersey coworking location

Bridgewater, N.J. – SJP Properties today announced that SJP Project Solutions has completed construction on luxury athletic and health club Life Time’s new coworking concept, Life Time Work, at Somerset Corporate Center in Bridgewater, N.J.

Last year, Life Time announced that it had signed a 31,000-square-foot lease for its first Life Time Work location in New Jersey at Somerset Corporate Center, and shortly thereafter tapped SJP Project Solutions, SJP’s third-party construction management division, to manage the build-out of the space.

The new coworking space joins Life Time’s existing 170,000-square-foot Life Time Athletic facility at Somerset Corporate Center, creating a world-class health club experience. This concept allows Life Time members to transition seamlessly from a top-of-the-line fitness center to an ideal working environment without leaving the business campus.

“With the addition of Life Time Work, professionals at Somerset Corporate Center are receiving a superior, full-circle office experience complete with a resort-level fitness option, all in one place,” said Peter Bronsnick, President — New Jersey Region, of SJP Properties. “We look forward to furthering our valued relationship with our partners at Life Time, as well as building this state-of-the-art space for its unique coworking concept.”

SJP Project Solutions leveraged its capabilities and local expertise to streamline the construction process of Life Time Work’s offices, open workspaces, state-of-the-art conference rooms and private phone booths.

One of SJP’s signature developments, Somerset Corporate Center comprises 1.2 million square feet of headquarters-quality office space across five buildings. In addition to Life Time Athletic Center, the center also features a new 150-room AC Hotels by Marriot and a Zinburger burger and wine bar. Current tenants include Qualcomm, Bausch Health, Oracle, Cognizant and Merrill Lynch.

Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey, which includes an outdoor dining, shopping and lifestyle annex called The Village at Bridgewater Commons. Somerset Corporate Center’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Life Time® – Healthy Way of Life

Life Time champions a healthy and happy life for its members across its 147 destinations in 40 major markets in the U.S. and Canada. As the nation's only Healthy Way of Life brand, Life Time delivers an unmatched athletic resort experience that goes well beyond fitness to encompass the entire spectrum of daily life. Building upon its current portfolio, Life Time is building its brand through the development of large, mixed-use lifestyle centers that feature Life Time athletic resorts, Life Time Work co-working spaces and Life Time Living high-end leased residences. These concepts, combined with distinctive programming, encompass the full spectrum of a healthy living, healthy aging and healthy entertainment experience for individuals, couples and families of all ages.

SJP Properties Signs Crédit Agricole CIB to New Office Lease at 200 Wood Avenue South
September 14, 2020  |  Press Release

International financial institution drawn to next-generation Metropark workplace by urban commuting trends and resilient infrastructure

Iselin, N.J. – SJP Properties today announced that Crédit Agricole CIB, the corporate and investment banking arm of Crédit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020), has signed a new office lease for 12,800 square feet at 200 Wood Avenue South in Iselin, N.J.

SJP acquired the 270,000-square-foot property earlier this year and is in the midst of executing a comprehensive strategy to reposition it, paying homage to its postmodernist architecture with a complete interior renovation, as well as new building systems and indoor and outdoor lifestyle amenities.

Headquartered in France, Crédit Agricole CIB selected its new offices at 200 Wood Avenue South to house its New Jersey operations due to the building’s resilient and efficient infrastructure, and to create a more convenient, transit-oriented location for the company’s New Jersey-based employees. The property features a base-building UPS system, two 1,500 kilowatt power generators and upgraded mechanical systems, including air filtration upgrades for improved air quality to create a healthier environment for employees.

“We look forward to beginning our partner-tenant relationship with Crédit Agricole CIB’s New Jersey team, and are confident that 200 Wood Avenue South is the ideal location for such an esteemed international financial services company. This property provides unparalleled access to the state’s highly-skilled workforce, redundant power for security and business continuity and more square footage per employee,” said Peter Bronsnick, President - New Jersey Region at SJP Properties. “The team at SJP is excited to offer high-caliber tenants such as Credit Agricole a range of resilient properties across its New Jersey portfolio. As companies begin to adjust their strategies and adapt their own businesses to a changing workforce landscape, SJP is equipped to respond to those shifts quickly and efficiently.”

Crédit Agricole CIB employees will enjoy 200 Wood Avenue’s brand new lobby; amenities such as onsite dining, a state-of-the-art fitness center and collaborative common areas; ample parking; and direct north- and southbound access to the Garden State Parkway. SJP also will provide its signature hospitality and concierge services as part of its property management offering.

Crédit Agricole CIB was represented in its lease by Charlie Dillon of JLL. SJP was represented by the CBRE agency leasing team of Jonathan Meisel and Wes Moore.

Leasing opportunities currently exist at 200 Wood Ave South. Additionally, for tenants seeking a private outdoor area for their employees, the property features open green space — the only space of its kind within New Jersey — that is available exclusively for a future tenant to customize into a private patio, outdoor lounge, dining area, or garden conferencing space with SJP’s build-out capabilities.

200 Wood Avenue South offers the ability to attract and retain New Jersey’s top talent where the labor markets converge. The building is within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services. 200 Wood is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike and the Garden State Parkway.

For more information about 200 Wood Avenue South, please visit www.woodavemetropark.com.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com

SJP Properties Deepens Leadership Team with Two Key Promotions
March 9, 2020  |  Press Release

New Roles Position Company for Future Growth

New York City – SJP Properties announced today the promotion of two professionals to key leadership positions that will drive the company’s continued growth across development, acquisitions, operations, and third-party construction and property management. Effective immediately, Peter Bronsnick has been promoted to President, New Jersey Region; and Andrew Natale to Chief Operating Officer.

“The success of SJP has always been tied to the strength of our people. Every member of our team executes at the highest level with unmatched precision and attention to detail, and Peter and Andrew have been instrumental in reinforcing this brand of excellence,” stated Steve Pozycki, founder, chairman and CEO of SJP Properties. “We view mentorship as a key responsibility for every member of SJP’s executive team. I am extremely proud to elevate two well-deserving professionals who reflect our commitment to promoting from within our organization in order to establish the next generation of our company’s leadership.”

Added Pozycki: “As we look toward the future, Peter and Andrew will ensure that our current and future professionals are trained on our core values and results-driven approach.”

With 18 years of commercial real estate experience, Bronsnick joined SJP in 2012 and most recently served as an executive vice president. In his new role, Bronsnick will oversee business development, marketing, leasing, and external affairs. He will provide leadership for the company in New Jersey, and work directly with Pozycki and key SJP executives to establish short and long-term goals, strategies and company vision.

Stated Bronsnick: “The SJP organization is the most talented team that I’ve ever had the pleasure of working with in my career. I’m excited to harness the power of the company’s exceptional brand, our first-rate professionals and our unique core competency to both pursue new avenues of growth and perpetuate the company’s proud legacy of excellence.”

Natale joined SJP in 2014, most recently serving as a senior vice president overseeing SJP’s construction services for global corporations and other major real estate owners. As COO, Natale will manage the operating performance of SJP’s construction, property management, recruiting and human resources functions. His responsibilities also include construction initiatives for SJP Properties’ real estate portfolio, and consulting services for national corporations through SJP Project Solutions, SJP’s third-party development and construction management division.

Natale stated: “As we’ve continued to expand our own property portfolio, we’ve been able to significantly grow SJP Project Solutions by filling a void in the market for expert third-party development, construction and property management services. I look forward to continuing to grow our third-party business, while bolstering our organization’s operational efficiency.”

Founded in 1981, SJP Properties has been responsible for the development of over 25 million square feet of Class A properties in the New York Metropolitan Area, representing approximately $10 billion in development. The company launched its third-party services division, SJP Project Solutions, in 2018, which has grown to include assignments totaling over 500,000 square feet of build-out and ground-up construction projects.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Acquires 200 Wood Avenue South in Woodbridge, NJ
February 12, 2020  |  Press Release

SJP to apply vertically integrated asset, property, leasing and construction management expertise to reposition Metropark transit office location

Woodbridge, N.J. – SJP Properties announced today that it has acquired 200 Wood Avenue South, a 270,000-square-foot, Class A office building in Woodbridge, NJ. Leveraging the strength of its vertically integrated platform, SJP will apply its expertise in asset, property, leasing and construction management to modernize the property for today’s tenant requirements.

“We continue to study the New Jersey market and are strategically expanding our portfolio in prime locations that benefit from the ongoing migration of companies to areas that offer superior access to labor and transit,” stated Steven J. Pozycki, CEO of SJP Properties. “We look forward to maximizing the value of this opportunistic acquisition.”

SJP’s plans for 200 Wood Avenue include all-new finishes, building systems and an amenity package with a state-of-the-art fitness center, improved conferencing facilities and dining center, and collaborative indoor and outdoor areas.

Existing landscaping and hardscaping at the building’s entrance and throughout the outdoor amenity areas will also be enhanced to improve the recreational green spaces. Additionally, SJP will provide its hospitality services with a concierge approach as part of its property management offering.

“Creating a world-class office experience is more than just improving the physical property; it requires a holistic and thoughtful approach that considers every aspect of how companies need their offices to perform,” stated Peter Bronsnick, Executive Vice President of SJP Properties.  “Repositioning 200 Wood Avenue gives us an opportunity to leverage our core competencies in development, leasing and concierge property services to transform the tenant experience for the building’s occupants and their employees.”

200 Wood Avenue South offers the ability to attract and retain New Jersey’s top talent where the labor markets converge. The building is within walking distance to the Metropark Train Station, which offers NJ Transit and Amtrak Acela services. 200 Wood is also conveniently located near the cross-sections of Lincoln Highway, Middlesex Turnpike and the Garden State Parkway, with direct access to the Parkway North and South located immediately adjacent to the building’s exit driveway. SJP is working with the CBRE team of Jon Meisel and Wes Moore to oversee leasing at the property.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. The company has developed over 25 million square feet of properties.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

Deloitte Signs 110,000-SF Lease at Proposed M Station Mixed-Use Redevelopment in Downtown Morristown, N.J.
January 14, 2020  |  Press Release

Deloitte Signs 110,000-SF Lease at Proposed M Station Mixed-Use Redevelopment in Downtown Morristown, N.J.

Morristown, N.J. – SJP Properties and Scotto Properties today announced that professional services organization Deloitte has signed a lease for 110,000 square feet at M Station, a proposed mixed-use redevelopment comprising two headquarters-quality, class A office and retail buildings in downtown Morristown, N.J. The lease is contingent on SJP and Scotto receiving full municipal approvals for M Station.

Designed by architecture firm Gensler in close collaboration with SJP, M Station is poised to be Morristown’s most significant commercial development in more than 30 years. The development intends to invigorate Morristown’s downtown, attracting high-quality commercial tenants that will support neighborhood retailers and restaurants, while delivering new retail options and enhancing the pedestrian experience with the creation of a tree-lined promenade along Morris Street, as well as critical infrastructure improvements.

“We are thrilled to have an organization of Deloitte’s caliber as the anchor tenant for M Station,” stated Steve Pozycki, founder, chairman and CEO of SJP Properties. “To the credit of Morristown’s leadership and its vibrant business community, Morristown has firmly established itself as a world-class town, with a charming downtown district, Midtown direct train service, and excellent housing options. M Station will complement these attributes by delivering class A office space that will energize downtown businesses during daytime hours, creating a true ‘live/work/play/stay’ environment in Morristown.”

Deloitte plans to relocate its operations in Parsippany, N.J., to M Station, and will occupy all of the office space -- floors 2 through 6 -- of M Station East, which is planned to be six stories and approximately 120,000 square feet, including 10,000 square feet of first-floor retail space, as well as lobby and building services areas. M Station West is planned to be seven stories and approximately 253,000 square feet, which includes over 230,000 square feet of office space and 23,000 square feet of retail, plus lobby and building services areas.

“Our transition to M Station reflects Deloitte’s commitment to our people, to our clients and to New Jersey,” said Paul Krieger, New Jersey managing partner, Deloitte LLP. “This space will promote a collaborative, sustainable work environment that will help us serve clients with distinction, while anticipating the needs of today’s workforce.”

Designed to achieve LEED certification, M Station’s two buildings will be bridged by a 1,000-car parking structure that will be constructed in two phases and include public parking for the development’s on-site retail. To enhance the pedestrian experience, the two buildings will be set back from Morris Street a generous 45 feet to create a landscaped pedestrian promenade and two public plazas with seating, improving the area’s walkability, particularly between the nearby New Jersey Transit station and The Morristown Green.

The development team has also planned a roundabout for the intersection of Morris and Spring Streets to reduce the queuing and congestion of cars entering and leaving The Green, making it safer for both drivers and pedestrians.

Cushman & Wakefield brokered the lease transaction for both parties. David Stefancic, Lexis Livengood, Ben Brenner and Josh Cohen represented Deloitte, while Robert Donnelly, Robert Donnelly, Jr. and Brian Decillis represented SJP and Scotto.

Situated within an area slated by Morristown for redevelopment, M Station will replace a retail strip center located on Morris Street between Lafayette Avenue and Spring Street. For more information about M Station, please visit mstationmorristown.com.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 5,000 private and middle market companies. Our people work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthy society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 312,000 people worldwide make an impact that matters at www.deloitte.com

SJP Properties Signs Creative Office Pavilion for Entire 7th Floor at 470 Park Avenue South
January 13, 2020  |  Press Release

Workspace design company will relocate to take new prebuilt floor in booming Park Ave South submarket

NEW YORK CITY - SJP Properties today announced that Creative Office Pavilion, an office furnishings, interior construction, and workspace consulting firm, has signed a 10-year lease for the entire 7th floor of 470 Park Avenue South, totaling 9,936 square feet.

Headquartered in Boston, Creative Office Pavilion has additional showrooms in Burlington, Vermont; Manchester, New Hampshire; Worcester, Massachusetts; Portland, Maine; and Providence, Rhode Island. The company specializes in creating innovative, comfortable workspaces for clients across a variety of industries.

“We took the tenant on a tour through the floor as we were finishing construction and they immediately fell in love with the installation. Creative design companies are exactly the kind of tenant that can utilize our prebuilt floors to their maximum potential,” said Zach Freeman, SVP of SJP Properties. “We know that Creative Office Pavilion will thrive in the Park Avenue South submarket and we’re eager to welcome them into the collaborative ecosystem we’re cultivating at our building.” 

Completed in August, the 7th floor was prebuilt at 470 Park Avenue South and features exposed brick and steel columns, polished concrete flooring, an open pantry, a modern reception area and a glass-front office system. Creative Office Pavilion will use the space for its sales office and showroom, as well as an employee workspace when it begins occupancy in the first quarter of 2020.

“We’re very familiar with the benefits of the neighborhood, including the unparalleled access to transportation and the great dining, fitness and lifestyle brands in that area,” said Patrick Hayes, President of Creative Office Pavilion. “The space is perfect for our needs as both a sales and operations command center and we look forward to bringing our team to this strategically located, amenity-rich office location.”

Creative Office Pavilion’s New York team will have access to the building’s brand new, ground-floor amenity spaces. Dubbed The Club at 470, the spaces were designed by Gensler and will be comprised of three distinct common areas for the building’s tenants: a ground-floor, private outdoor space with fire pits and seating; a social lounge with gaming capabilities; and a coffee bar and cafe.

Paul Amrich of CBRE represented Creative Office Pavilion in the deal, while Freeman and James Ackerson, Neil King, and Dan Wilpon of CBRE represented SJP Properties.

SJP first acquired the 300,000-square-foot, Class A office and retail building from Norges Bank Real Estate Management and TH Real Estate in December 2018. 470 Park Avenue South currently has approximately 40,000 square feet throughout the building available for prospective tenants.

The Park Avenue South neighborhood where 470 Park Avenue South is located encompasses a mix of loft properties and historic buildings and boasts top-of-the-line lifestyle amenities: fitness options such as Equinox and SoulCycle; high-end retailers; upscale residential development; trendy bars and eateries like Upland, Simon and the Whale, and The Clocktower; and boutique hotels like Mondrian Park Avenue, The Edition, The NoMad, Royalton Park Avenue and The James NoMad. The neighborhood facilitates a seamless experience, allowing the modern workforce to travel from the gym to the office to happy hour and back home without sacrificing quality of life for convenience.

With immediate access to the 6 Train underneath the building and just a 10-minute walk from Grand Central Terminal, 470 Park Avenue provides easy access to the 4, 5, 6, 7 and S subway lines and the Metro-North Railroad. It is also a 10-minute walk to Penn Station, with access to the 1, 2, 3, A, C and E subway lines, Amtrak, PATH, LIRR, and NJ Transit railroads.

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of luxury residential and Class A commercial properties in the New York Metropolitan region. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s residential arm is committed to meticulous design, engineering development plans that reflect a keen understanding of market demand. The company has been responsible for the development of numerous award-winning properties, with broad-based expertise that includes ground-up development, redevelopment, repositioning and renovation for highly complex single and multi-phase communities.

SJP’s leadership has established relationships with many of the industry’s leading investors and financial institutions, as well as world-class architects, consultants and construction firms to ensure precise delivery of properties that incorporate the latest amenities and technology advancements for today’s discerning residents. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Announces 17,000-SF Lease with Oracle at Somerset Corporate Center
January 8, 2020  |  Press Release

International cloud and software engineer to relocate Bridgewater field office to 1.2-million-SF mixed-use campus; SJP Project Solutions to manage office build-out

Bridgewater, N.J. – SJP Properties today announced that leading enterprise IT and cloud services provider Oracle has signed a long-term lease for 17,000 square feet at Somerset Corporate Center 100 in Bridgewater, New Jersey. SJP Project Solutions, SJP’s third-party construction management division, will oversee the build-out of the 3rd-floor office, which will house Oracle’s local executive team.

Oracle is a multinational corporation selling database software and technology, cloud engineered systems, and a range of enterprise software products. The company is relocating its Bridgewater U.S. field office, and was drawn to Somerset Corporate Center’s robust campus amenities and lifestyle services, which include athletic resort Life Time Athletic; the newly announced Life Time Work, the brand’s coworking concept; Zinburger Wine & Burger Bar; and a 150-room AC Hotel by Marriott. Oracle will occupy its new space in the first quarter of 2020, from which its local team will provide sales, consulting, education and support to regional customers.

“We cultivated world-class amenity offerings at Somerset Corporate Center to create an ideal working environment for tenants on the cutting-edge of their fields,” stated Peter Bronsnick, Executive Vice President of SJP Properties. “We look forward to welcoming Oracle’s software operations team into their custom office space and know that they will enjoy making full use of the lifestyle, fitness and dining options we’ve curated at the campus.”

Somerset Corporate Center comprises five existing Class A buildings totaling 1.2 million square feet that are situated around a 15-acre landscaped central park. One of SJP’s signature developments, the mixed-use campus is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78, allowing for direct access to New Jersey’s skilled labor pool. Additionally, the campus offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just two miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

James Scancarella of Cresa represented Oracle in the lease transaction, while SJP was represented by Bronsnick and SJP Development Analyst Laura Paridy.

Chiesa Shahinian & Giantomasi PC Upgrades to Larger Space in 11 Times Square
January 7, 2020  |  Press Release

Regional law firm expands presence in NYC, taking 8,191 SF for growing team & operations

NEW YORK CITY –  SJP Properties has announced today that Chiesa Shahinian & Giantomasi PC (“CSG”) is both relocating and expanding its occupancy within 11 Times Square, moving to an 8,191-square-foot office on the 34th floor of the 1.1 million-square-foot Class A commercial tower.

CSG expanded its footprint into New York in 2016, taking roughly 5,000 square feet of space on the 31st Floor of 11 Times Square. The prime location of this office, coupled with the firm’s strategic plan for growth, has helped the firm attract lawyers with deep connections in the New York market, necessitating this expansion to a larger office within the same building.

“Cementing the trust of our tenants and providing hotel-level concierge services within our state-of-the-art development at 11 Times Square allows us to keep companies here for the long term,” said Zach Freeman, Senior Vice President at SJP. “We pride ourselves on our ability to offer superior management, tenant relations services, and true partnership to prestigious firms such as CSG, and ensuring that they can expand their operations in a space where they have found success and feel at home.”

The entrance to CSG’s new office will be located directly off the elevators on the southern side of the 34th floor, complete with aesthetic finishes mirroring those on the 31st floor - such as open ceilings and perimeter office installation. The office itself will be built-out by SJP Project Solutions, SJP’s third-party construction management division, with an expected delivery of May 2020.

“Since we first came to 11 Times Square in 2016, we’ve enjoyed the building’s capabilities, its beautiful design, and its ideal location,” stated Francis J. Giantomasi, a member with CSG’s Real Estate, Development & Land Use Group. “Establishing this foothold in the heart of Manhattan has allowed us to enhance our presence and meet the increased demand from New York-based clients. By moving seamlessly from one space to the next, we can continue to grow our network and operations from a strategically-located, world-class office environment.”

11 Times Square is located at the intersection of Eighth Avenue and 42nd Street, serving as the gateway to Midtown’s flourishing West Side. The building boasts a roster of tenants across finance, technology, law and media that includes Proskauer and Microsoft as its anchors. 11 Times Square is among the most technologically advanced commercial buildings ever constructed in Manhattan, featuring LEED Platinum-level indoor air quality and a highly efficient glass curtain wall. Positioned for maximum accessibility to public transportation, the building stands across from the Port Authority Bus Terminal and has direct access to the Times Square 42nd Street subway station.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About CSG

Chiesa Shahinian & Giantomasi PC (“CSG”), a full-service regional law firm with 160 lawyers based in New Jersey and New York, is recognized for its deep insight, creative solutions and keen ability to advance clients’ legal and business success. Regarded as a powerhouse business and public policy firm, CSG attracts private enterprises, governmental entities and individual clients seeking to benefit from practical, value-added counsel – the type of representation that leads to innovative and enduring results. Learn more about CSG at www.csglaw.com.

SJP Properties Hires Christina Honthy as Director of Asset Management
December 12, 2019  |  Press Release

Industry professional with over 25 years of experience hired to support growth of SJP’s third-party services

New York City – SJP Properties announced today that Christina Honthy has joined the company as Director of Asset Management to support the company’s third-party construction and Project Solutions divisions, as well as the company’s property management and human resources platforms. In this role, Honthy will work closely with SJP Senior Vice President Andrew Natale and Executive Vice President Peter Bronsnick in the pursuit of new business opportunities and joint venture relationships, particularly as it relates to the growth of SJP’s third-party construction and property management business, SJP Project Solutions.

Prior to joining SJP, Honthy was Associate Director of Management Services for Newmark Knight Frank (NKF) in New Jersey. She joined NKF initially as a Senior Property Manager for a 1.4 million-square-foot Lehigh Valley portfolio, owned by CapTrust and Penncap Properties. In late 2015, Honthy was promoted to Associate Director of Management Services at NKF, where she supported the Regional Director on business development, client and vendor relationships, staffing, quality controls, and procedural oversight.

With more than 25 years of experience in executive administration, property management, and mentorship, Honthy has managed upwards of 80 employees at one time, and has supported property portfolios totaling over 6 million square feet. These assets consisted of Class A office, retail, residential and multifamily, medical and flex-warehouse, with a tenant base ranging from Fortune 500 corporate occupiers and charter schools, to non-profit organizations.

“Christina’s managerial experience and expertise across a variety of asset classes make her ideal for this role, and we’re excited for the contributions she will make in helping us grow our third-party services business, while continuing our proud legacy of superior property management throughout our own portfolio,” stated Natale. “Our pipeline for SJP Project Solutions is extremely healthy, and we know Christina’s relationships and strategic insights will help us expand even further.” 

Honthy earned her Bachelor of Science in Business Administration from Centenary University and holds Real Estate Salesperson licenses in both Pennsylvania and New Jersey. An active member of BOMA, CoreNet and CREW, she also serves on the board of the County Alcoholism Steering Subcommittee for Hunterdon County and Municipal Alliance. Honthy has been previously selected for the 2014 Newmark Knight Frank Property Management Team of the Year Award, the 2016 Hunterdon County Volunteer of the Year under the Governor’s Council on Alcoholism and Drug Abuse, and the 2018 BOMA Heart Award.

“SJP has a history of excellence that is truly unmatched, and I’m thrilled to be joining an organization that is committed to leading from the front in setting the industry standard for first-rate asset, construction and property management,” said Honthy. “I’m looking forward to both contributing to and learning from this team of distinguished professionals as we fuel the growth of Project Solutions in the months and years to come.”

Since launching SJP Project Solutions in 2018, the division has grown to include assignments totaling over 500,000 square feet of build-out and ground-up construction projects. Notable projects include: the repositioning of Mack-Cali’s Harborside mixed-use development along the waterfront in Jersey City, N.J.; the build-out of EY’s offices in Hoboken, N.J.; the build-out of SIR Capital Management’s offices at 11 Times Square in Manhattan; the development of Prudential Financial’s headquarters in Newark, N.J.; and the development of TIAA’s office in Iselin, N.J.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate owner, developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

Investment Bank Ducera Partners Takes 29,089 SF at 11 Times Square
November 20, 2019  |  Press Release

Leading independent investment bank relocates for 10-year office lease

NEW YORK CITY – SJP Properties today announced that Ducera Partners, a leading independent investment bank, has signed a 10-year lease for 29,089 square feet on the entire 36th floor of 11 Times Square, the 1.1 million-square-foot commercial tower located at the southeast corner of 42nd Street and Eighth Avenue.

Ducera Partners is moving to 11 Times Square to take advantage of the building’s modern infrastructure, amazing views, open, customizable layouts that are free of columns, and proximity to key public transportation hubs.

“We are pleased to be relocating the headquarters of our firm to 11 Times Square. The building offers leading infrastructure and technology coupled with remarkable views of New York City,” said Michael Kramer, CEO of Ducera Partners. “The modern office layout and amenities will support our collaborative work environment, long-term growth, and ability to deliver world-class financial advisory services to our clients.”

“We developed 11 Times Square with superior infrastructure, modern interiors and some of the best technological capabilities in the entire office market to attract precisely this kind of tenant,” said Zach Freeman, Senior Vice President at SJP Properties. “We’re confident that Ducera Partners will thrive in its space at 11 Times Square and find it a highly accessible home base for its operations.”

John Nugent of CBRE represented Ducera Partners in the transaction, while Freeman and Paul Glickman, Dan Turkewitz, and Kristen Morgan of JLL represented SJP Properties.

11 Times Square is located at the intersection of Eighth Avenue and 42nd Street, serving as the gateway to Midtown’s flourishing West Side. The building boasts a roster of tenants across finance, technology, law and media that includes Proskauer and Microsoft as its anchors. 11 Times Square is among the most technologically advanced commercial buildings ever constructed in Manhattan, featuring LEED Platinum-level indoor air quality and a highly efficient glass curtain wall. Positioned for maximum accessibility to public transportation, the building stands across from the Port Authority Bus Terminal and has direct access to the Times Square 42nd Street subway station.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Ducera Partners

Ducera Partners is a leading investment banking firm focused on providing trusted, independent advice and innovative solutions to decision makers in complex and transformative corporate finance transactions. Since its founding in June 2015, Ducera Partners has advised on over $250 billion in transactions across various industries. Ducera Partners has offices in New York and Los Angeles. For more information about Ducera Partners, please visit www.ducerapartners.com.

Digital Reasoning Signs Office Lease to Relocate to 11 Times Square
October 15, 2019  |  Press Release

The AI solutions and digital software company moves NYC office from E. 14th and Broadway

NEW YORK CITY – SJP Properties today announced that Digital Reasoning, a cognitive computing services provider, has signed a lease for 5,819 square feet on the 31st floor of 11 Times Square, the 1.1 million-square-foot commercial tower located at the southeast corner of 42nd Street and Eighth Avenue.

Headquartered in Tennessee, Digital Reasoning provides AI solutions to intelligence agencies, financial institutions and healthcare organizations in the U.S. The company is moving its New York City office from 853 Broadway to 11 Times Square and is expected to move into its new space by mid-November after SJP’s third-party construction management division, SJP Project Solutions, completes the addition of a build-to-suit boardroom for the company. 

“We pride ourselves on the ability of 11 Times Square to deliver best-in-class infrastructure for today’s groundbreaking technology companies,” said Zach Freeman, Senior Vice President at SJP Properties. “We can’t think of a better location for Digital Reasoning than in the heart of one of the world’s most distinguished submarkets.”

Kyle Wainwright and Paul Ippolito of Newmark Knight Frank brokered the deal for Digital Reasoning, while JLL and Freeman represented SJP Properties.

11 Times Square is located at the intersection of Eighth Avenue and 42nd Street, serving as the gateway to Midtown’s flourishing West Side. The building boasts a roster of tenants across finance, technology, law and media that includes Proskauer and Microsoft as its anchors. 11 Times Square is among the most technologically advanced commercial buildings ever constructed in Manhattan, featuring LEED Platinum-level indoor air quality and a highly efficient glass curtain wall. Positioned for maximum accessibility to public transportation, the building stands across from the Port Authority Bus Terminal and has direct access to the Times Square 42nd Street subway station.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Taps Cushman & Wakefield to Head Retail Leasing at 11 Times Square
August 9, 2019  |  Press Release

Leasing team charged with bringing forward-thinking tenants to thrive in Times Square

NEW YORK CITY – SJP Properties today announced that Cushman & Wakefield has been retained to spearhead retail leasing at 11 Times Square, the 1.1 million-square-foot commercial tower located at the southeast corner of 42nd Street and Eighth Avenue. 

Situated in the heart of Manhattan, this Class A, trophy-quality building is currently home to Microsoft, Proskauer, and several other world-class office tenants. The Cushman & Wakefield team will focus on curating an ideal mix of brands and concepts from the entertainment, gaming and food and beverage industries for the building’s available retail space, located at the epicenter of one of the most unique, globally recognizable and highly-trafficked retail submarkets in the world. 

11 Times Square’s retail space is just one block west of where the New Year’s Eve ball drops. It is also located atop the busiest subway station in the entire MTA network, with 65 million riders annually within a one-block radius, and sits directly across from the Port Authority, which services over 225,000 people on an average weekday.  

In addition to the outstanding location, prospective tenants will benefit from the tremendous infrastructure already in place, including multiple kitchen exhaust systems, kitchen and cooking equipment, dedicated HVAC units, vertical transportation including multiple stairs and elevators, and direct loading dock access with dedicated freight.  The retail space also offers tremendous branding and signage opportunities, with LED signs on both 42nd Street and Eight Avenue, in addition to significant additional static and LED signage opportunities along the entirety of the retail frontage and above multiple entrances to the retail space.

The building boasts 24-foot ceiling heights on the ground floor and 18-foot ceiling heights on its lower level and second floor.  A total of 47,892 square feet is available for retail tenants seeking the unprecedented customer base and exposure that Times Square affords.

“The ability of the Times Square submarket to uplift brands is absolutely unparalleled and we’re looking forward to working with Cushman & Wakefield to identify the perfect retail partners that complement and elevate this building and location,” said Zach Freeman, Senior Vice President of SJP Properties. “We’re proud that our current tenants have found a true home at 11 Times Square and, given the amazing neighborhood, we know that the right retailers will also excel here.”

Times Square is one of the world’s most visited tourist attractions, drawing an estimated 50 million visitors annually.  In addition, approximately 330,000 people pass through Times Square daily, while over 460,000 pedestrians walk through Times Square on its busiest days.  Adjacent to AMC Empire 25 and across from Regal E-Walk 4DX & RPX, which are among the highest grossing theater locations in the U.S., 11 Times Square is an exemplary destination for entertainment brands and experiences.

As retail has evolved, sparking the rise of more experiential, creative and cutting-edge concepts like food halls and gaming arenas, retailers nationwide have sharpened their focus on strategically located commercial space in highly competitive submarkets. Times Square remains unmatched in visibility, traffic and service hours, attracting the most prominent and in-demand global brands. 

“We’re thrilled to be working with SJP to bring the highest-quality retail tenants to this unmatched location at 11 Times Square,” said Jason Greenstone of Cushman & Wakefield. “We firmly believe that this location, coupled with the tremendous physical space and branding elements, will attract the most exciting and interesting retail tenants seeking to capture a global audience.” 

The Cushman & Wakefield retail leasing team consists of Jason Greenstone, Alan Schmerzler, Michael O’Neill, Steve Soutendijk, and Sean Moran.

11 Times Square boasts a roster of world-class tenants across finance, technology, law and media, and is among the most technologically advanced commercial buildings ever constructed in Manhattan.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

The Modern in Fort Lee Now Offering Poolside Service for Residents from Ventanas Restaurant & Lounge
August 5, 2019  |  Press Release

Restaurant venture from iconic chef David Burke and local restaurateur Alexander Duran brings its fusion cuisine to The Modern’s pool deck with grilled favorites and kid-friendly dishes

FORT LEE, N.J. — The Modern in Fort Lee, N.J. has announced the launch of weekend poolside lunch service for residents of both of its luxury residential towers, courtesy of Ventanas Restaurant & Lounge. Ventanas servers will be onsite at each rooftop pool every weekend throughout the summer, allowing residents, their families and their guests to enjoy The Modern’s outdoor amenities and full-service atmosphere. This seasonal perk is yet another example of the upscale community’s resort-like living experience and its focus on total comfort and convenience.

A more casual rendition of the restaurant’s Cuban-Asian fusion offerings, Ventana’s pool menu will feature tasty appetizers, refreshing salads, and classic sandwiches, along with dogs and burgers hot off the rooftop grill stations. A children’s menu and dessert options are also available, keeping lunchtime for kids and parents both delicious and hassle-free.

“Following the exciting additions of the finished public park and Ventanas Restaurant & Lounge to The Modern, we’re pleased to now offer its amazing cuisine, curated by David Burke, to our valued residents and their guests poolside,” said Victor Cividini, Senior Vice President at SJP Properties. “This exclusive resident culinary experience and the availability of beautiful outdoor amenities will continue to set The Modern apart as the top luxury residential community in New Jersey.”

Ventanas Restaurant & Lounge is a premier American-Asian-Cuban restaurant from local restaurateur Alexander Duran and culinary icon David Burke. The restaurant totals 7,000 square feet, with both indoor and outdoor dining, and sits within a beautifully-landscaped, two-acre public park situated between The Modern’s two towers. Inspired by Central Park, The Modern’s park enhances walkability and connectivity within Fort Lee, and provides a green space for recreation and enjoyment, with walking paths and integrated water features.

Residents of The Modern and their guests can enjoy poolside service from 12 to 6 p.m. every weekend, weather permitting, for the duration of the community’s pool season. All flatware and utensils are included with lunch service and payment is accepted by cash or card.

Designed by renowned architecture firm Elkus Manfredi Architects, The Modern offers some of the Gold Coast’s most awe-inspiring views of Manhattan and the Hudson River. But what truly sets The Modern apart is the inclusion of an unprecedented 150,000 square feet of indoor and outdoor resort-style amenities spread across the community’s two towers, allowing residents to feel like they’re living in a five-star hotel. Each of The Modern’s 900 residences features striking floor-to-ceiling windows, oak hardwood floors, walk-in closets, washers and dryers, stone bathrooms and opulent open-layout kitchens.

SJP Properties developed The Modern in partnership with PGIM Real Estate and Northwestern Mutual Life Insurance Company. For leasing inquiries or more information, please visit The Modern at www.themodernlife.com or call 201-461-2888. Follow The Modern’s social media pages on Facebook at www.Facebook/rentthemodern and @rentthemodern on Instagram and Twitter.

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of luxury residential and Class A commercial properties in the New York Metropolitan region. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s residential arm is committed to meticulous design, engineering development plans that reflect a keen understanding of market demand. The company has been responsible for the development of numerous award-winning properties, with broad-based expertise that includes ground-up development, redevelopment, repositioning and renovation for highly complex single and multi-phase communities.

SJP’s leadership has established relationships with many of the industry’s leading investors and financial institutions, as well as world-class architects, consultants and construction firms to ensure precise delivery of properties that incorporate the latest amenities and technology advancements for today’s discerning residents. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Unveils Plans for New, Gensler-Designed Tenant Amenities at 470 Park Avenue South
July 9, 2019  |  Press Release

Purpose-built amenity spaces include private outdoor area with fire pits, social lounge area and cafe with a boutique communal aesthetic; Pre-built office space also announced

NEW YORK CITY SJP Properties today unveiled the design of new amenity spaces and an entire floor of pre-built office space as part of its initiative to create a modern, purpose-built work environment for tenants of 470 Park Avenue South in Manhattan. The building-wide amenity spaces will occupy the reclaimed, previously unused ground floor space adjacent to the main lobby.

Keeping comfort and collaboration in mind, SJP has partnered with renowned architecture firm Gensler to create The Club at 470, comprised of three distinct common areas for the building’s tenants: a ground-floor, private outdoor space with fire pits and seating; a social lounge with gaming capabilities; and a coffee bar and cafe. The ground-floor interior amenity spaces will feature natural materials such as white oak and leather paneling, along with exposed brick and concrete for an urban-yet-upscale atmosphere in both the social lounge and cafe areas. SJP has plans to bring in a third-party vendor to program quality barista service, snacks and light bites for tenants.

The private outdoor space with fire pits, seating and a zen garden will stand in place of a reclaimed vacant alleyway on the west side of the building and will be accessible from the lobby through a contemporary glass door. Both the indoor and outdoor space will be available for after-hours meetings, happy hours, and more.

“We are selectively repurposing previously unusable square footage inside this historic building to create a culture through these amenities, which should help our tenants better attract and retain engaged and productive talent,” said Zach Freeman, Senior Vice President at SJP Properties. “Today’s workforce is demanding a superior office environment where they can work and convene in places other than the conference room, and we’re excited to bring this offering to the Midtown South market.” 

By designing relaxing, sophisticated amenity spaces that complement the legacy of the neighborhood, SJP seeks to create a diverse yet connected tenant ecosystem of collaborative workspaces that cultivates employee engagement within 470 Park Avenue South. 

On the building’s seventh floor, SJP has created a full pre-built floor totaling 10,000 square feet that will be completed this month. SJP will also offer a private rooftop terrace amenity for future 14th and 15th floor tenants, which will be included in an office lease and designed for tenant needs.

Work on 470 Park Avenue South’s amenity spaces began in June with delivery expected in Q4 of 2019. SJP first acquired the 301,178-square-foot, Class A office and retail building from Norges Bank Real Estate Management and TH Real Estate in December 2018. 470 Park Avenue South is currently over 83 percent leased, with approximately 50,000 square feet across five floors throughout the building available for prospective tenants.

The Park Avenue South neighborhood where 470 Park Avenue South is located encompasses a mix of loft properties and historic buildings and boasts top-of-the-line lifestyle amenities: fitness options such as Equinox and SoulCycle; high-end retailers; upscale residential development; trendy bars and eateries like Upland, Simon and the Whale, and The Clocktower; and boutique hotels like Mondrian Park Avenue, The Edition, The NoMad, Royalton Park Avenue and The James NoMad. The neighborhood facilitates a seamless experience, allowing the modern workforce to travel from the gym to the office to happy hour and back home without sacrificing quality of life for convenience.

With immediate access to the 6 Train underneath the building and just a 10-minute walk from Grand Central Terminal, 470 Park Avenue provides easy access to the 4, 5, 6, 7 and S subway lines and the Metro-North Railroad. It is also a 10-minute walk to Penn Station, with access to the 1, 2, 3, A, C and E subway lines, Amtrak, PATH, LIRR, and NJ Transit railroads.

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of luxury residential and Class A commercial properties in the New York Metropolitan region. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s residential arm is committed to meticulous design, engineering development plans that reflect a keen understanding of market demand. The company has been responsible for the development of numerous award-winning properties, with broad-based expertise that includes ground-up development, redevelopment, repositioning and renovation for highly complex single and multi-phase communities.

SJP’s leadership has established relationships with many of the industry’s leading investors and financial institutions, as well as world-class architects, consultants and construction firms to ensure precise delivery of properties that incorporate the latest amenities and technology advancements for today’s discerning residents. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

Phase II of The Modern in Fort Lee Now More Than 60-Percent Leased
May 29, 2019  |  Press Release

Combination of Views, Resort-Style Amenities and Location Drive Strong Leasing Activity at Premier Gold Coast Community

FORT LEE, N.J. — SJP Properties announced today that more than 60 percent of the luxury rental residences at Phase II of The Modern are now leased. Comprising 450 apartments in a striking 47-story glass tower, The Modern’s second phase is a mirror image of the development’s first building, with the two towers serving as the cornerstone of an increasingly coveted mixed-use neighborhood being created within downtown Fort Lee, N.J.

Designed by renowned architecture firm Elkus Manfredi Architects, The Modern offers some of the Gold Coast’s most awe-inspiring views of Manhattan and the Hudson River. But what truly sets The Modern apart is the inclusion of an unprecedented 150,000 square feet of indoor and outdoor resort-style amenities spread across the community’s two towers, allowing residents to feel like they’re living in a five-star hotel.

Phase II alone boasts a state-of-the-art fitness center; a spa with sauna; a television/movie screening room; a bowling alley; an arcade room; two golf simulators; and an internet café and co-working space. Its outdoor and rooftop amenities include an infinity pool; fire pits; a basketball court; an expansive rolling lawn area available for outdoor movies; and community barbecue stations.

Each of The Modern’s 900 residences features striking floor-to-ceiling windows, oak hardwood floors, walk-in-closets, washers and dryers, stone bathrooms and opulent open-layout kitchens.

“The Modern is an incomparable offering. We’ve created a luxury residential community that’s also contributing to the economic vitality of Fort Lee, effectively establishing this area as a true destination along the Gold Coast,” said Enrique Alonso, Executive Vice President of SJP Properties. “We were thrilled with the response we received to Phase I, and we’re excited to see Phase II drawing residents in even more quickly than the first tower.”

In addition to its residences and lifestyle amenities, The Modern is also home to Ventanas Restaurant & Lounge, a premier American-Asian-Cuban restaurant from local restauranteur Alexander Duran and culinary icon David Burke. Ventanas totals 7,000 square feet, with both indoor and outdoor dining, and sits within a beautifully-landscaped, two-acre public park situated between the two towers. Starting this summer, Ventanas will offer poolside service at The Modern, and will soon offer room service and pool side service directly to the community’s residents.

Inspired by Central Park, The Modern’s park enhances walkability and connectivity within Fort Lee, and provides a green space for recreation and enjoyment, with walking paths and integrated water features. SJP is also developing an adjoining 13,000-square-foot building to be donated to the Borough of Fort Lee. The space will house a large public theater and a public museum paying tribute to Fort Lee’s historical connections to the film industry. 

“We aren’t just building iconic towers in Fort Lee. We’re bringing truly upscale living and dining experiences into the borough, and creating even more cultural and economic assets to draw people back to the downtown area,” added Alonso.

SJP Properties developed The Modern in partnership with PGIM Real Estate and Northwestern Mutual Life Insurance Company. Pricing at The Modern starts at $1,717 for a studio, $2,631 for a one-bedroom, $3,604 for a two-bedroom and $6,466 for a three-bedroom residence.

For leasing inquiries or more information please visit The Modern at www.themodernlife.comor call 201-461-2888. Follow The Modern’s social media pages on Facebook at www.Facebook/rentthemodern and @rentthemodern on Instagram and Twitter. 

About The Modern

The Modern is a premier mixed-use destination created by SJP Properties in the heart of Fort Lee, New Jersey, immediately adjacent to the George Washington Bridge. The Modern’s two iconic, 47-story glass towers comprise a total of 900 rental residences and 150,000 square feet of indoor and outdoor resort-style amenities, offering residents an unparalleled living experience that’s akin to a five-star hotel. For more information, visit www.themodernlife.com or follow us on Facebook, Twitter, and Instagram.

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of luxury residential and Class A commercial properties in the New York Metropolitan region. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s residential arm is committed to meticulous design, engineering development plans that reflect a keen understanding of market demand. The company has been responsible for the development of numerous award-winning properties, with broad-based expertise that includes ground-up development, redevelopment, repositioning and renovation for highly complex single and multi-phase communities.

SJP’s leadership has established relationships with many of the industry’s leading investors and financial institutions, as well as world-class architects, consultants and construction firms to ensure precise delivery of properties that incorporate the latest amenities and technology advancements for today’s discerning residents. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties and PGIM Real Estate Acquire 470 Park Avenue South in Midtown South
December 19, 2018  |  Press Release

Joint venture partnership purchases Class A office and retail building in Park Avenue South submarket from Norges Bank Real Estate and TH Real Estate

NEW YORK CITY  – SJP Properties and PGIM Real Estate today announced that a joint venture partnership of the companies has closed on its acquisition of 470 Park Avenue South for $245 million from Norges Bank Real Estate Management and TH Real Estate. SJP will serve as operating partner, responsible for managing and leasing the 301,178-square-foot, Class A office and retail building.

The joint venture plans to transform 470 Park Avenue South to meet the discerning needs of the modern workforce with a highly amenitized, boutique hotel-style lobby that includes an outdoor garden, collaborative workspace, a game room, and a café and bar. Additionally, two roof terraces on the 14th and 18th floors, totaling 7,670 square feet, are available for potential activation and enhancements, as well as the opportunity for a private tenant entrance with dedicated signage.

The building’s leasing campaign will kick-off with a full floor of pre-built space that will cater largely to tenants in the technology and creative sectors with immediate and flexible space requirements. The pre-built floor will feature a collaborative, open layout and pantry with multiple conference rooms and private break areas.

“The location of 470 Park Avenue South has become one of the most desirable neighborhoods in Manhattan for a diverse cross section of companies. We saw this as an opportunity to acquire a well-situated, Class A asset with full avenue frontage alongside our long-time partner, PGIM Real Estate, and apply our asset management, leasing and construction expertise to capitalize on the neighborhood’s strong fundamentals,” said Steven J. Pozycki, CEO of SJP Properties. “We look forward to maximizing the value of the property and creating an optimal work environment for existing and future tenants.”

Alfonso Munk, Americas chief investment officer for PGIM Real Estate, said, “In recent years, the Park Avenue South submarket has seen a large influx of tenants across a variety of industries – technology, healthcare, media, hospitality and more, making it a vibrant “live/work/play” destination. We are pleased to collaborate again with our long-term strategic partner, SJP, to unlock additional value at 470 Park on behalf of current and prospective tenants, while adding another well-located, Class A New York City property to our clients’ portfolio.”

The neighborhood’s mix of loft properties and historic buildings are filled with top-of-the-line lifestyle amenities: fitness options such as Equinox and SoulCycle; high-end retailers; upscale residential development; upscale bars and eateries like Upland, Simon and the Whale and The Clocktower; and boutique hotels like Mondrian Park Avenue, The Edition, The NoMad, Royalton Park Avenue  and the James NoMad. The neighborhood facilitates a seamless experience, allowing the modern workforce to travel from the gym to the office to happy hour and back home without sacrificing quality of life for convenience.

With immediate access to the 6 Train underneath the building and just a 10-minute walk from Grand Central Terminal, 470 Park Avenue provides easy access to the 4, 5, 6, 7 and S subway lines and the Metro-North Railroad. It is also a 10-minute walk to Penn Station, with access to the 1, 2, 3, A, C and E subway lines, Amtrak, PATH, LIRR, and NJ Transit railroads.

470 Park Avenue South occupies the full-block front along Park Avenue South between 31st and 32nd Streets. The property is currently 87 percent leased to a number of high-profile tenants, such as Priceline.com and Dstillery, Inc.

The transaction was led by Todd Goldberg, managing director and head of Capital Markets at PGIM Real Estate; Ian Christ, executive director at PGIM Real Estate; Enrique Alonso, executive vice president at SJP Properties; and Zachary Freeman, senior vice president at SJP Properties.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand. The company has developed over 25 million square feet of property.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

About PGIM Real Estate

PGIM Real Estate is the real estate investment business of PGIM, Inc., the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $70.9 billion ($50.4 billion net) as of September 30, 2018.PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate equity, debt, and securities investment strategies that span the risk/return spectrum. To learn more about us, visit www.pgimrealestate.com

SJP Properties Rebrands 95 Greene Street in Jersey City as Liberty Innovation Centre; Taps JLL as Exclusive Leasing Agent
December 10, 2018  |  Press Release

Firm to lease 350,000-square-foot building on Jersey City Waterfront; Class A commercial office building suited for life sciences, R&D, healthcare & technology office tenants

JERSEY CITY, N.J — SJP Properties today announced that it has rebranded 95 Greene Street in downtown Jersey City as the Liberty Innovation Centre, and has named JLL as the building’s exclusive leasing agent to spearhead a marketing campaign focused on attracting tenants in the life sciences, healthcare and technology sectors.

The JLL professionals overseeing the new leasing assignment include Daniel Loughlin, John Cunningham, Blake Goodman and John Cahill. The team will work closely with SJP Properties Executive Vice President Peter Bronsnick and Senior Vice President Zachary Freeman to execute the property’s leasing and marketing.

“Liberty Innovation Centre’s existing base-building infrastructure and waterfront location makes it the ideal solution for life sciences and technology companies seeking commercial space in the supply-constrained New York metropolitan area,” stated Steven J. Pozycki, CEO of SJP Properties. “Despite considerable pent-up demand among these users, very few existing buildings in this market can accommodate tenants with lab components or robust power requirements, let alone those that can also provide immediate access to a highly skilled workforce and Manhattan via multiple mass transit options.”

“SJP Properties had the vision to convert 95 Greene Street, a former Colgate manufacturing plant, into a modern office building," said Loughlin. “The owner is pursuing the adaptive reuse of the building’s legacy infrastructure and design to accommodate the emerging and specialty facility needs of the life science, healthcare and technology sectors. Most traditional office buildings are not designed for these specific needs or would require significant investment and time to adapt to these unique industries.”

“This great, new opportunity at Liberty Innovation Centre offers R&D, life sciences and technology tenants in the New York metropolitan area tremendous access to the urban labor pool,” said Cahill. “The building is also just steps from PATH and NJ TRANSIT Light Rail service, offering the opportunity to connect with major hospitals and medical schools in Manhattan.”

The eight-story, 350,000-square-foot building originally served as a primary manufacturing facility for Colgate PalmoliveSJP Properties acquired the property in partnership with PGIM Real Estate in 1999 and converted it into a Class A office building that was occupied by Merrill Lynch for many years.

Located at the intersection of Greene and York streets, Liberty Innovation Centre is in the heart of Jersey City’s Paulus Hook neighborhood. The property is a short walk from the Exchange Place PATH Station, NY Waterway Ferry and the Exchange Place stop of the new Hudson-Bergen Light Rail system.

In addition to superior access to public transportation and a highly skilled labor force, the Liberty Innovation Centre features infrastructure essential to life sciences, healthcare and technology organizations, including robust HVAC capacity, utilities, backup power and floor loads; which together with ceiling heights, loading docks and onsite parking create an innovation ecosystem that provides state-of-the-art facilities faster and more economically than anywhere else in the Tri-State area.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visitwww.sjpproperties.com.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

SIR Capital Signs Office Lease to Relocate to SJP Properties’ 11 Times Square
November 20, 2018  |  Press Release

Hedge fund taps SJP Project Solutions to manage build-out of new NYC office

NEW YORK CITY  – SJP Properties today announced that SIR Capital Management, L.P., a New York-based hedge fund, has signed a lease for 9,348 square feet to relocate its offices to 11 Times Square. SJP developed 11 Times Square and owns the building in partnership with PGIM and Norges Bank.

SIR Capital is exiting its previous office location on the 22nd floor of 620 Eighth Avenue, The New York Times Building, upon its lease expiration in April 2019. At 11 Times Square, SIR will neighbor BT Group, formerly British Telecom, on the building’s 34th floor. Dan Madison and William Levitsky at Newmark Knight Frank represented SIR in the transaction, while building ownership was represented by JLL, the exclusive leasing agent for 11 Times Square, and Zachary Freeman, senior vice president of leasing and marketing at SJP Properties.

“SIR’s move to 11 Times Square allows it to stay within one of Midtown’s most accessible neighborhoods,” said Steven J. Pozycki, CEO of SJP Properties. “Our team looks forward to designing and delivering a modern, state-of-the-art workplace for SIR reflective of its impressive corporate image and clientele.” 

SJP Project Solutions, a division of SJP focused on development and construction management for tenants and other owners, will oversee the build-out of SIR’s new space at 11 Times Square, which includes, among other amenities, a private gym for SIR and its employees.

Totaling 1.1 million square feet, 11 Times Square is located at the intersection of Eighth Avenue and 42nd Street, serving as the gateway to Midtown’s flourishing west side. The building boasts a roster of tenants across finance, technology, law and media that includes Proskauer and Microsoft as its anchors. The tower is among the most technologically advanced commercial buildings ever constructed in Manhattan, featuring LEED Platinum-level indoor air quality and a highly efficient glass curtain wall. Positioned for maximum accessibility to public transportation, the building stands across from the Port Authority Bus Terminal and has direct access to the Times Square 42nd Street subway station.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Hires Zachary Freeman as Senior Vice President of Leasing and Marketing in New York City
October 9, 2018  |  Press Release

Strategic Hire to Expand Company’s Investment Footprint

NEW YORK CITY – SJP Properties, one of the New York Metropolitan Area’s premier real estate developers and investors, today announced the hiring of commercial real estate industry professional Zachary Freeman as Senior Vice President.

In this role, Freeman will oversee the leasing and marketing for SJP’s New York City commercial portfolio, including the company’s flagship office and retail tower, 11 Times Square. Freeman will also be responsible for working with SJP’s executive team to identify prospective investment, acquisition, development and joint venture partnership opportunities throughout Manhattan and the boroughs.  

Freeman was most recently a vice president with Equity Office, an affiliate of The Blackstone Group (“Blackstone”), for which he served as the head of leasing for the company’s office portfolio throughout New York City and Greenwich, CT.

“SJP’s legacy of success is a testament to the exceptional quality and competency of our professionals, and we’re confident that Zach’s expertise and skill set will make him the ideal complement to our first-rate team,” stated Steven Pozycki, CEO of SJP Properties. “Zach’s knowledge of the local market, as well as the deep relationships he has forged throughout the brokerage and investment communities, will serve us well as we strategically expand our New York City footprint.”

With 20 years of commercial real estate experience, Freeman has spent his entire career representing landlords. He spent 14 years at CBRE in New York, where he most recently served as a senior vice president focused on landlord agency representation, during which time he developed a specialization in repositioning assets. At CBRE, Freeman was responsible for the leasing, marketing and asset management for a total of 9.5 million square feet of commercial space, and was involved in the lease up of numerous trophy properties, including 11 Madison Avenue, which earned his team the 2014 REBNY Robert T. Lawrence Award for Ingenuity.

Having represented Blackstone for several years during his time with CBRE, Freeman was subsequently hired by Blackstone to oversee the lease up and acquisition of the company’s Tri-State portfolio, and to manage the implementation of extensive capital improvements at Park Avenue Tower and 114 West 41st Street.

“With SJP, I was immediately attracted to the opportunity to collaborate with a team that is committed to executing at the absolute highest level in every aspect of its business, and that would provide me with the opportunity to leverage my expertise across leasing and acquisitions,” stated Freeman. “SJP offers the unique combination of a company that has earned an impressive track record of successful institutional-quality projects, while maintaining an entrepreneurial spirit and approach that is exciting. I look forward to leveraging my network and years of experience to help the company identify new avenues for growth in the New York City market.”

Throughout its 30-year history, SJP Properties has been responsible for the development of more than 25 million square feet of Class A commercial and luxury residential properties in the Tri-State market, totaling approximately $10 billion in investment. The company recently formalized the launch of SJP Project Solutions, a division of SJP focused on third-party development and construction management for tenants and other owners.

About SJP Properties

Headquartered in New York City, SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.

Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Announces Jet.com Expansion to 202,000 SF at Waterfront Corporate Center in Hoboken, N.J.
September 24, 2018  |  Press Release

SJP Project Solutions to Oversee Build Out of Company’s New Expansion Space

HOBOKEN, N.J. – SJP Properties today announced that e-commerce venture Jet.com (Jet) has signed another expansion for its headquarters at Waterfront Corporate Center in Hoboken to take a total of 202,000 square feet of office space across two buildings.

Comprising 42,000 square feet, the latest expansion for Jet is at Waterfront Corporate Center II, a Class A office and retail building that SJP developed and owns in partnership with PGIM. Jet already occupies 160,000 square feet of office space at Waterfront Corporate Center III, the third and final building within the Waterfront Corporate Center complex, which SJP developed and owns in partnership with Mitsui Fudosan America.

SJP Project Solutions, a division of SJP focused on development and construction management for tenants and other owners, will oversee the build-out of Jet’s expansion space at Waterfront Corporate Center II. SJP previously served as construction manager for the design and build-out of Jet’s initial headquarters space within Waterfront Corporate Center III, a six-phase, multi-year project to achieve an open and modern headquarters environment reflective of Jet’s forward-thinking brand.

“Jet’s continued growth has been a major boon to Hoboken since the company established its headquarters in the city in 2015, bringing with it a significant number of jobs and further establishing Hoboken as a premier headquarters location for leading-edge companies,” stated Steven J. Pozycki, CEO of SJP Properties. “It’s been a pleasure working closely with the Jet team to support its rapid expansion, and we look forward to collaborating on the design and execution of its new space within Waterfront Corporate Center so that the company can continue to attract and retain top talent.”  

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is Hudson County’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

In addition to Jet, a prestigious roster of companies calls Waterfront Corporate Center home, including Newell Brands, Marsh & McLennan, Pearson, Thomson Reuters, RMS, NICE Systems and Regus.

The complex’s retail space features a Del Frisco’s Grille, Crunch Fitness, Kiddie Academy, the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle and walkable amenities.

Reflective of Waterfront Corporate Center’s position as one of the state’s preeminent business addresses, the complex features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the buildings’ tenants.

SJP Properties Launches SJP Project Solutions to Provide Third-Party Development and Construction Management Services
July 23, 2018  |  Press Release

Company Extends Vertically Integrated In-House Capabilities to Other Owners, Developers and Tenants for All Project Types

NEW YORK CITY  — SJP Properties today announced the formation of SJP Project Solutions, a division of SJP that extends the full breadth of the company’s in-house development and construction management capabilities to projects outside of the SJP investment portfolio.

Leveraging SJP’s more than 30 years of experience as a preeminent developer of Class A commercial and luxury residential properties, SJP Project Solutions will bring a highly experienced owner’s perspective to executing a full range of project types on behalf of other owners, developers and corporate tenants. Target projects include build-to-suit and master-planned office properties; interior office fit-outs; luxury residential high-rises; mixed-use developments; and turnkey lab and R&D facilities.

“What we’ve learned from our experience managing projects on behalf of others is that the traditional project management model of hiring an outside firm to oversee contractors is fraught with inefficiencies that contribute to project delays, cost overages and time being wasted,” stated Steven J. Pozycki, CEO of SJP Properties. “SJP Project Solutions is designed to eliminate those headaches, with the full accountability of our in-house professionals who are experts in every discipline, allowing communication to be streamlined through a single, highly coordinated team. We keep the needs of our clients squarely in focus, and foster a transparent process that affords them full control.”

The SJP Project Solutions team is overseen by Executive Vice President Peter Bronsnick and Senior Vice President Andrew Natale. Bronsnick, who has over 15 years experience in commercial real estate, joined SJP in 2012 and is responsible for managing the company’s relationships with the brokerage, corporate tenant and project stakeholder communities, as well as coordinating in-house teams and third-party professionals. Natale brings more than 15 years of construction and development experience to his role, having completed more than two million square feet of construction projects for a prestigious list of global corporations since joining SJP in 2014.

“Our experience as an owner means that we view our clients’ real estate as an asset, with a proven track record of effectively value engineering projects without sacrificing exceptional design and quality,” stated Bronsnick. “That perspective only comes from having spent years fine-tuning our approach to achieve excellence, regardless of the challenges inherent to completing complex projects.”

Due to SJP’s unique vertically integrated structure, the company’s team is able to execute at every stage of a project’s lifecycle, from scheduling and budgeting, assembling design professionals, managing the design and pre-construction phases, quarterbacking specialty bidding and awards, and serving as construction manager. The team’s end-to-end approach encompasses master planning, pre-development, design development, site development, and core and shell construction.

SJP has been responsible for the development of more than 25 million square feet of properties. Third-party assignments in SJP’s portfolio include the 750,000-square-foot global headquarters for Prudential Investment in Newark, N.J.; the 337,000-square-foot, LEED-Gold-Certified North American headquarters for Panasonic, also in Newark; and the two-million-square-foot repositioning of Mack-Cali Realty Corp.’s Harborside Plaza 1, 2 and 3 in Jersey City, N.J.

With an unparalleled understanding of the needs of today’s corporate tenants, the SJP team has also overseen millions of square feet of modern corporate interior fit-out projects on behalf of a prestigious list of global companies. Projects include serving as the construction manager for Jet.com’s headquarters office and EY’s state-of-the-art office and learning center, both in Hoboken, N.J.; and managing the build out of E*Trade’s offices at SJP’s flagship Manhattan commercial tower, 11 Times Square.

For more information about SJP Project Solutions, visit www.sjpprojectsolutions.com.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. SJP is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For over 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties and Aetna Realty Unveil Plans for 2 Million-Square-Foot, Transit-Oriented Development Next to Broad Street Station in Downtown Newark
April 30, 2018  |  Press Release

Redevelopment of Former Westinghouse Site Poised to Propel North Broad Street District’s Transformation into Tech and Business Corridor

Newark, N.J. – Newark’s transformation into one of the region’s foremost business hubs took a notable step forward with today’s announcement that SJP Properties has created a joint-venture with Aetna Realty of New York City to redevelop the former Westinghouse property. The 3.7-acre site, situated immediately adjacent to the Newark Broad Street Station, represents the most significant transit-oriented redevelopment opportunity in Newark, poised to further catalyze growth in the city’s burgeoning North Broad Street District.

Conceptual plans for the property call for up to two million square feet of mixed-use development, to potentially include office, retail, hotel and residential components. The development will be anchored by a large public plaza that will activate the pedestrian experience along University Avenue and Orange Street while enhancing connectivity to the train station, an NJ Transit commuter and light rail station that provides convenient Midtown direct service.

Stated Newark Mayor Ras J. Baraka: “Creating ‘transit villages’ around both of our train stations is a high priority for my administration. This strategy increases public transportation ridership, reduces automobile air pollution, and creates more affordable housing and vital new neighborhoods. Redevelopment of the former Westinghouse site accomplishes these goals. It will accelerate the momentum underway with development around the Broad Street Station and be an important part of the smart development propelling Newark’s attraction as a national business hub.”

SJP and Aetna have tapped the New York City office of global architecture and planning firm Gensler to design the development. Leveraging the site’s premier transit and vehicular accessibility, as well as its proximity to NJIT, Rutgers University and Newark’s extensive hospital network, the redevelopment has the potential to accelerate the North Broad Street District’s transformation into a tech and business corridor, anchored by such companies as Audibe.com, IDT, Cablevision and Genova Burns.

“Under the leadership of Mayor Baraka, Newark has definitively established itself as a city on the rise, with a growing number of corporations realizing that Newark offers exceptional access to a highly skilled workforce, and accessibility via a robust public transit network and direct access to the I280 corridor,” stated Steven J. Pozycki, CEO of SJP Properties. “This redevelopment site presents a unique opportunity for companies looking to position themselves within the booming North Broad Street District, directly across the Midtown direct train line and among the numerous cultural, educational and retail opportunities that downtown Newark has to offer.”

Over the past several years, Newark has witnessed a renaissance, with a number of developments attracting retailers, corporate tenants and residents that are injecting vitality into the city’s business district. Notable projects include the new state-of-the-art headquarters for Prudential Financial and Panasonic Corporation of North America, both developed by SJP Properties; the repositioning of the Hahne’s Department Store across from Military park into a mixed-use development with a Whole Foods and new restaurant by celebrity chef Marcus Samuelsson; the mixed-use Teacher’s Village project; and the new luxury apartment tower, One Theater Square, adjacent to the New Jersey Performing Arts Center (NJPAC).

“We have long recognized the redevelopment potential of the former Westinghouse site, and saw SJP Properties as the ideal partner to deliver a world-class development that will attract the right mix of high-quality tenants to this area of downtown Newark,” stated David Braka of Aetna Realty. “This property’s exceptional transit-oriented location positions it as one of the best development opportunities in a city currently experiencing an unprecedented revitalization.”  

In addition to the city’s extensive train network – including Amtrak, NJ Transit and PATH services – downtown Newark is 10 minutes from Newark Liberty International Airport and is home to the nation’s third-largest seaport.

The city’s appeal as a hub for corporations is further enhanced by its offering of one of the most extensive dark fiber networks in the world, ensuring the fastest internet connectivity for companies that locate within the Brick City. The city’s half-dozen colleges and universities educate more than 60,000 students and contribute to the creation of one of the region’s largest and most diverse talent pools. Today, Newark is home to 21 Fortune 500 companies across an array of industries, including finance, media, technology, consumer products, insurance and fashion.

Companies that locate to the former Westinghouse site will be eligible for New Jersey’s “Grow NJ” assistance program and other economic incentives. Prospective tenants and others can learn more by visiting www.NJEDA.com.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. SJP is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For over 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

Kepos Capital LP Signs Office Lease at SJP Properties’ 11 Times Square
March 15, 2018  |  Press Release

Leading Investment Adviser Relocates to High-Performance Commercial Tower

NEW YORK CITY  –  SJP Properties today announced that leading investment adviser Kepos Capital LP has signed a lease to relocate its headquarters to 11 Times Square. The 1.1-million-square-foot, state-of-the-art LEED-Gold-certified commercial tower is owned by SJP in partnership with PGIM and Norges Bank.

Kepos Capital, which manages $3 billion in assets for a global, institutional investor base, is relocating from The New York Times Building, located directly across from 11 Times Square. The company’s new lease will allow it to maintain its New York City presence within the same neighborhood – offering the city’s best transit access – while benefiting from 11 Times Square’s advanced technology infrastructure and concierge services.

Kepos Capital will take nearly 20,000 square feet on the 35th floor of 11 Times Square. The company was represented in its lease by Executive Vice President Ben Friedland and Senior Vice President Michael Movshovich of CBRE, while SJP Properties was represented by Vice Chairman Paul Glickman and Senior Vice President Diana Biasotti of JLL, the exclusive leasing agent for 11 Times Square.

“For today’s financial services firms, it’s critical to have an office that provides state-of-the-art connectivity and is outfitted with the latest technology infrastructure,” stated Steven Pozycki, CEO of SJP Properties. “For Kepos, this move allows the firm to maintain its presence in the city’s premier transit hub and occupy a building designed to ensure that tenants are afforded an optimized work environment to support their business growth objectives.”

Added Matt DesChamps, Chief Operating Officer of Kepos Capital: “We are excited to move our business operations to 11 Times Square later this year. The increased square footage and ability to design the space to our requirements in a state-of-the art building was an exceptional opportunity to create a customized work environment to serve our clients and support our growing business in the years ahead.”

Strategically located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square serves as the western gateway to the business corridor that has continued to attract a tenant population migrating to the West Side of Manhattan for going on two decades.

The tower is among the most technologically advanced commercial buildings ever constructed in Manhattan, featuring LEED Platinum-level indoor air quality, a highly efficient glass curtain wall, and an innovative and precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety.

Proskauer and Microsoft anchor 11 Times Square’s office space, which is also home to an illustrious and diverse roster of tenants across the financial, technology, legal, and media industries. Last year, SJP announced that leading leisure park operator Parques Reunidos had signed a lease to welcome “Lionsgate Entertainment City” – a 45,000-square-foot indoor entertainment center themed around Lionsgate’s most beloved films – to serve as the building’s anchor retail tenant.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. SJP is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s Class A office portfolio is home to such prestigious tenants as Microsoft, EY, Jet.com, and Linde, among many others.

SJP’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For over 30 years, the company has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Recapitalizes Somerset Corporate Center in Bridgewater, N.J. with P3RE
September 26, 2017  |  Press Release

Rapidly Growing Company Partners with NJ’s Established Office Market Leader on Three Class-A Office Buildings within Central Jersey’s Premier Business Center

BRIDGEWATER, N.J. – SJP Properties today announced that P3RE has made an equity investment to become a partner in three of the five Class-A office buildings comprising Somerset Corporate Center in Bridgewater, N.J.

The partnership aligns P3RE, a Jackson, N.J.-based real estate company that has quickly positioned itself as a significant player in the New Jersey commercial real estate market, with the established market leadership of SJP Properties. Under the partnership agreement, SJP will continue to manage and lease the assets – Somerset Corporate Center I, II and V – as the operating partner.

“Having fully leased all of Somerset Corporate Center earlier this year, we were strongly positioned to recapitalize, and are pleased to have found a partner in P3RE that brings a creative approach to marketing to help maintain this property’s position as the business destination of choice in New Jersey,” stated Steven J. Pozycki, Founder and CEO of SJP Properties. “This equity investment is a testament to the superior business environment offered by Somerset Corporate Center, and the resulting success we’ve achieved attracting a world-class roster of tenants.”

Founded by Harvey Rosenblatt in 2015, P3RE now owns a portfolio of approximately two million square feet of commercial office and retail space in and around New Jersey, including BroadAcres Office Park in Bloomfield, and Eisenhower Corporate Campus in Livingston.

“While the recapitalization of Somerset Corporate Campus was a great economic opportunity, the ability to learn from and work closely with such an exceptional organization that Steve Pozycki has built, is invaluable,” stated Rosenblatt. “I look forward to further developing our relationship with SJP Properties for many years to come.”

Widely regarded as the premier corporate headquarters location in Central New Jersey, Somerset Corporate Center is home to numerous leading-edge companies that benefit from the center’s state-of-the art work environment, including Linde Americas, iconectiv, Mazda, Kering Eyewear, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch.

The center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. Somerset Corporate Center’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

Earlier this year, SJP Properties announced plans for a 130,000-square-foot Life Time fitness facility, a Zinburger restaurant, and a 150-room AC by Marriott hotel and restaurant, within Somerset Corporate Center.

 

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

SJP Properties Signs Retail Lease with Bluestone Lane Coffee Shop at Eleven | X
May 18, 2017  |  Press Release

Rapidly expanding artisanal café and eatery to open newest outpost at 41st Street and Eighth Avenue this summer

NEW YORK CITY – SJP Properties today announced that it will soon welcome fast-growing artisanal coffee shop Bluestone Lane as the newest retail tenant of Eleven | X. Situated at the gateway to Manhattan’s new West Side, the state-of-the-art, 1.1 million-square-foot LEED-Gold-certified office and retail tower is owned by SJP Properties in partnership with PGIM and Norges Bank.

With locations throughout New York City, New Jersey and Philadelphia, Bluestone Lane will take occupancy of its new, 2,500-square-foot space at Eleven | X this summer. An Australian-style café inspired by Melbourne’s renowned coffee culture, Bluestone Lane was represented in its lease by John Krieger of RKF, while building ownership was represented by Josh Strauss and Scott Zinovoy of RKF, the exclusive retail leasing agent of Eleven | X.

Strategically located in a transportation hub at the intersection of Eighth Avenue and 42nd Street, Eleven | X is among the most technologically advanced buildings ever built in Manhattan. The building is anchored by Proskauer and Microsoft, in addition to housing an illustrious and diverse roster of tenants across the financial, technology, legal, and media industries, serving as a testament to its broad tenant appeal.

“Welcoming Bluestone Lane to Eleven | X is a continuation of our commitment to ensuring that this building offers tenants a world-class environment complete with the infrastructure and amenities that they need to attract talent and provide employees with a superior work-life experience,” commented Steve Pozycki, Founder and CEO of SJP Properties. “Occupying a highly visible corner, Bluestone Lane will benefit from this neighborhood’s established corporate base, strong foot traffic and unparalleled transit access.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its innovative and precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, Eleven | X affords the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, Eleven | X helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward the West Side of Manhattan.

The building’s location directly across from the Port Authority Bus Terminal, with direct access to numerous subway lines, places it squarely within the foremost transportation hub in Manhattan. The tower also offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that characterize Times Square as an iconic neighborhood.

 

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. SJP is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For over 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

SJP Properties Achieves Full Occupancy at Somerset Corporate Center with Expansion of Qualcomm Lease to 156,294 SF
February 1, 2017  |  Press Release

1.2 Million-SF, Best-in-Class Business Center Outperforms New Jersey Suburban Market with Accelerated Leasing Activity

Bridgewater, NJ – SJP Properties today announced that it has fully leased Somerset Corporate Center in Bridgewater, New Jersey with the recent expansion of Qualcomm Inc.’s lease by 30,882 square feet to a total of 156,294 square feet.  The milestone is a testament to Somerset Corporate Center’s ability to support the advanced infrastructure needs of today’s modern corporations, as well as the unparalleled access it affords to a highly skilled workforce.

Qualcomm, which develops wireless technologies and mobile data solutions, has been a tenant at Somerset Corporate Center since 2007, and renewed its lease at the best-in-class business center last year. Over the past several years, Somerset Corporate Center has attracted a number of leading-edge companies seeking a modern, state-of-the art work environment, including Linde Americas, iconectiv, Mazda, Kering Eyewear, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch.

“When we set out to develop Somerset Corporate Center, we immediately recognized that the site’s unique location advantages - in one of the country’s strongest labor pools and in proximity to major thoroughfares and mass transit – would ideally position it to become a destination of choice for world-class companies,” stated Steven J. Pozycki, Founder and CEO of SJP Properties. “That original vision has been realized in achieving full occupancy with an incredible roster of companies whose advanced infrastructure and operational needs are being supported everyday by the superior environment we have created here.”  

Somerset Corporate Center comprises five existing Class A buildings totaling 1.2 million square feet that are situated around a 15-acre landscaped central park. SJP Properties is also planning a 130,000-square-foot Life Time fitness facility, as well as a 150-room AC by Marriott hotel and restaurant, within the center.

One of SJP’s signature developments, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

 

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

SJP Properties Signs Office Leases with E-Trade, Synechron at Eleven | X
January 10, 2017  |  Press Release

International Stock Trading Platform to Move Headquarters to 31,234-Square Foot Space at State-of-the-Art NYC Tower

NEW YORK CITY – SJP Properties today announced that it has signed office lease agreements with E-Trade and digital business consulting and information technology company Synechron, Inc. at Eleven | X. Situated at the gateway to Manhattan’s new West Side, the state-of-the-art, 1.1 million-square-foot LEED-Gold-certified office and retail tower is owned by SJP Properties in partnership with PGIM and Norges Bank.

E-Trade will relocate its headquarters to 31,234 square feet at Eleven | X during summer 2017. A pioneer in the online stock brokerage industry, the publicly traded company employs more than 3,400 people and maintains more than 30 retail branches across the U.S.

Synechron, which provides information technology services to the financial services industry, will occupy 11,831 square feet for in the tower. The move is the latest expansion for the New York-based company, which employs more than 6,000 workers in offices around the United States and the world.

E-Trade was represented in its lease by Mark Ravesloot, Scott Sloves, Michael Wellen, Zachary Weil and Elaine Armstrong of CBRE, while SJP was represented by the JLL team of Paul Glickman, Mitchell Konsker and Dan Turkewitz. Synechron was represented in its lease by Michael Tesser and Sheena Gohill of Colliers, with Glickman, Konsker and Diana Biasotti, also of JLL, representing SJP in the transaction.

JLL is the exclusive office leasing agent for Eleven | X.

Strategically located in a transportation hub at the intersection of Eighth Avenue and 42nd Street, Eleven | X is among the most technologically advanced buildings ever built in Manhattan. Upon its completion in 2009, the tower was 40-percent pre-leased to global law firm Proskauer, which took occupancy of its space the day the tower opened. The building is anchored by Proskauer and Microsoft, in addition to housing an illustrious and diverse roster of tenants across the financial, technology, legal, and media industries, serving as a testament to its broad tenant appeal.

“We are thrilled to welcome E-Trade and Synechron as the latest tenants in our world-class tower at Eleven | X,” commented Steve Pozycki, Founder and CEO of SJP Properties. “As fast-growing, pioneering names in the global financial industry, both companies stand to benefit considerably from the optimal work environment and unparalleled location advantages that this tower affords.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its innovative and precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, Eleven | X affords the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, Eleven | X helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward the West Side of Manhattan.

The building’s location directly across from the Port Authority Bus Terminal, with direct access to numerous subway lines, places it squarely within the foremost transportation hub in Manhattan. The tower also offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that characterize Times Square as an iconic neighborhood.

 

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. SJP is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

SJP Properties and Matrix Development Announce Sale of Two Riverfront Plaza in Newark, N.J.
December 7, 2016  |  Press Release

Trade of Panasonic Corporation of North America’s headquarters reflects transformation of Newark office market

NEWARK, N.J. – SJP Properties and Matrix Development today announced the sale of Two Riverfront Plaza in Newark, New Jersey. An international entity advised by Arch Street Capital Advisors, LLC acquired the world-class property, which is fully leased on a long-term basis to Panasonic Corporation of North America, and serves as the electronics company’s U.S. headquarters.

“When we built this trophy office building three years ago, we recognized that the Newark market was on the brink of an unprecedented transformation, and that our building would be at its forefront,” said Steven J. Pozycki, CEO of SJP Properties. “This sale reflects the unparalleled quality of this building – which resulted in tremendous interest among institutional-grade investors from all around the world – as well as Newark’s growing reputation as an established hub for global business. We’re extremely proud to have delivered a building that has helped to put this city on the radar of international investors.”

A 337,500-square-foot, 12-story office tower designed to world-class standards, Two Riverfront Plaza was developed by SJP and Matrix for Panasonic in 2013. The building features technologically advanced infrastructure and leading environmental sustainability, having achieved LEED Platinum certification for its interior and LEED Gold certification for its core and shell. The larger mixed-use project features a two-story lobby, 462-space parking garage, full-service bank, post office, sundry shop, café restaurant, 24/7 manned security and a direct-connection pedestrian skyway to Newark Penn Station and the nearby Gateway complex, as well as an additional five acres of land available for future development.

“Since we acquired One Riverfront plaza, formerly ‘The Legal Center’, in 2001 and subsequently acquired the land now home to Two Riverfront Plaza, Matrix has been a believer and investor in Newark's ability to serve as a premier destination for global businesses like Panasonic,” stated Joseph Taylor, CEO of Matrix Development Group. “We've been extraordinarily pleased to partner with SJP Properties to develop this best-in-class headquarters facility, and are now excited that CBRE has identified a top investor that recognizes this asset’s superior market position.”

The CBRE team of Jeffrey Dunne, Darcy Stacom, Kevin Welsh, Brian Scott and Brian Schulz of CBRE Institutional Properties, in collaboration with Dudley Ryan of CBRE’s East Brunswick office, represented SJP Properties and Matrix Development Group in the sale of Two Riverfront Plaza.

“The sale of Two Riverfront Plaza demonstrates the continued demand for premier office assets in urban lifestyle environments with mass transit connectivity, such as Newark,” Dunne commented. “As the headquarters for Panasonic Corporation of North America, one of Newark’s most prominent corporate anchor tenants, this world-class building is well positioned to provide the owner with long-term value.”

Two Riverfront Plaza sits in one of the most accessible locations in the New York Metropolitan region, just eight miles west of Manhattan. Connected to Newark Penn Station, the property offers immediate access for employees and visitors by NJ TRANSIT railways and bus lines, Amtrak, PATH and the Hudson-Bergen Light Rail. The building’s location is enhanced by Newark’s expanding 24/7 lifestyle environment, with more than 1,000 apartments currently under construction and the presence of major national retailers, including Starbucks, Nike and Whole Foods. In addition, there is currently more than $500 million being spent in capital investments at universities in Newark.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

About Matrix Development Group

Matrix Development Group is a privately held, full-service real estate investment and development company with offices in New Jersey and Pennsylvania. The company is active in the commercial, industrial, urban, residential, golf and hospitality markets throughout the Northeast and mid-Atlantic regions. For more than 30 years, the company has developed more than 25 million square feet of real estate and has been recognized for its leadership by numerous charitable, community and real estate organizations. For more information on Matrix Development Group, please contact the company’s Cranbury, N.J., office at 732-521-2900 or visit www.matrixcompanies.com.

SJP Properties Signs CRC Insurance Services to 19,000-SF New Office Lease at Morris Corporate Center in Parsippany, N.J.
November 2, 2016  |  Press Release

Company’s Decision to Relocate Corporate Offices to Class A Business Center Reflects Flight-to-Quality Trend

PARSIPPANY, N.J. – SJP Properties today announced that CRC Insurance Services has signed a new office lease for 19,000 square feet at Morris Corporate Center IV - 389 Interpace Parkway, in Parsippany, N.J.

The premier headquarters location in Morris County, Morris Corporate Center offers tenants a strategic location just one-half mile from the four-way interchange of Interstates 80 and 287 and Routes 202 and 46, providing exceptional access to the area’s strong labor market. Additionally, SJP Properties – which maintains its own New Jersey offices at 389 Interpace Parkway – has created a high-quality amenity package for the building’s tenants that includes a newly renovated cafeteria, conference facilities, and a brand new state-of-the art fitness center.

CRC Insurance, which will locate its executive offices at its new space in Morris Corporate Center, was represented in the transaction by Steve Andrews, Senior Vice President at Fischer & Company. SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

“CRC Insurance recognized Morris Corporate Center as an ideal location for its executive offices as the complex provides a rare combination of quality, accessibility, and upgraded amenities to effectively support the company’s operations,” commented Steven J. Pozycki, CEO of SJP Properties. “Transactions such as this reflect a continued flight to quality among tenants in the market, in which companies increasingly appreciate the impact that locating in a high-quality office environment has on workplace efficiency and productivity.”

Morris Corporate Center features an open-air courtyard complete with a granite water fountain and park-like seating. Across the courtyard is a four-level parking garage for ease in commuting. Surface parking and circular driveways for visitors provide easy, direct access to the building.

In addition to its on-site amenities, the complex is near to the Denville and Mountain Lakes train stations, restaurants, retail establishments, a 150-room extended stay Staybridge Suites hotel within the Morris Corporate Center, conference centers, daycare facilities and schools. Newark Liberty Airport is only 17 miles to the east of the campus, and Morristown Airport, used heavily by corporate executives, is just seven miles to the south.

As part of its commitment to green building practices, SJP Properties has achieved the U.S. Environmental Protection Agency’s (EPA) prestigious Energy Star recognition for 389 Interpace Parkway. The recognition signifies that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency and meet strict energy efficiency performance levels set by the EPA. Commercial buildings that earn Energy Star certification use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

SJP Properties Renews 125,472-SF Lease with Qualcomm Inc. at Somerset Corporate Center in Bridgewater, N.J.
October 3, 2016  |  Press Release

Wireless Technologies Firm Recommits to Best-in-Class Business Center

Bridgewater, NJ (October 3, 2016) – SJP Properties today announced that Qualcomm Inc. has renewed its lease for 125,472 square feet at Somerset Corporate Center V, a Class A office building situated within SJP’s master-planned Somerset Corporate Center business complex in Bridgewater, New Jersey.

Qualcomm, which develops wireless technologies and mobile data solutions, first relocated to Somerset Corporate Center in 2007. The company represented itself in its recent lease renewal, while SJP Properties was represented in-house. The deal comes on the heels of SJP’s announcement earlier this month that data solutions firm iconectiv had signed a new lease for 115,000 square feet at Somerset Corporate Center I.

“Qualcomm’s decision to recommit for the long-term at Somerset Corporate Center is further validation of this property’s ability to meet the advanced infrastructure needs of leading technology companies,” stated Steven J. Pozycki, Founder and CEO of SJP Properties. “In fact, Qualcomm has been using Somerset Corporate Center to test its various cell phone technologies, underscoring the superior environment we have created here.”

Located within one of the country’s strongest labor pools, Somerset Corporate Center comprises five existing Class A buildings totaling 1.5 million square feet that are situated around a 15-acre landscaped central park. SJP Properties is also planning a free-standing, full-service fitness facility, as well as a 130-room full-service hotel and restaurant within the center.

In addition to Qualcomm and iconectiv, a number of leading-edge global companies call Somerset Corporate Center home, including Linde Americas, Mazda, Kering Eyewear, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch.

One of SJP’s signature developments, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

 

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

Marsh & McLennan Renews for 138,000 SF at SJP Properties’ Waterfront Corporate Center II in Hoboken, N.J.
August 9, 2016  |  Press Release

Global Professional Services Firm Reaffirms Long-Term Commitment to Class A Business Center

HOBOKEN, N.J. (August 9, 2016) – SJP Properties today announced that Marsh & McLennan has renewed its long-term lease at Waterfront Corporate Center II, one of three buildings within SJP’s best-in-class, mixed-use office and retail complex in Hoboken, N.J. With the new lease in place, the global professional services firm, which has been a tenant of Waterfront Corporate Center II since 2002, will occupy 138,000 square feet at the building for the next 15 years.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The Newmark Grubb Knight Frank team of Tri-State President David Falk, Executive Managing Director Andrew Sachs, and Executive Managing Director Timothy Greiner represented Marsh & McLennan in the transaction, while SJP Properties was represented in-house by Executive Vice President Jeff Schotz and Senior Vice President Peter Bronsnick.

The lease with Marsh & McLennan comes on the heels of SJP’s announcement that EY, formerly Ernst & Young, has signed a new lease for 168,000 square feet of office space, also at Waterfront Corporate Center II.

“Marsh & McLennan’s decision to recommit to Waterfront Corporate Center for the long term was driven by the exceptional quality of the property, as well as the direct access it affords to numerous transportation options connecting to Midtown Manhattan, where the firm also has offices,” commented Steven J. Pozycki, CEO of SJP Properties. “Waterfront Corporate Center continues to outperform the market as companies immediately recognize the superior quality and location advantages it affords, as well as Hoboken’s unparalleled shopping, dining and entertainment venues.”

In addition to Marsh & McLennan and EY, Waterfront Corporate Center’s impressive tenant roster includes Jet.com, NICE Systems, Newell Rubbermaid, Thomson Reuters, RMS, Octapharma, Pearson Education and workspace provider Regus.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Del Frisco’s Grille, Wicked Wolf restaurant, Jos A. Bank, FedEx, Chase Bank and Kiddie Academy. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned amenities, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle.

Reflective of Waterfront Corporate Center’s position as one of the state’s preeminent business addresses, the complex features highly efficient floor plates with excellent New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the complex’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located is enhanced by the Port Authority’s investment of more than $80 million in infrastructure improvements along the river, evidenced by two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard. The five-acre park at Pier A includes an open lawn area, fountain, tree grove, pavilion and amphitheater space for tenant use. The two-and-a-half acre park at Pier C features a playground as well as a promenade at its eastern edge with lawn areas and a fishing pier.

 

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of Class A commercial and luxury residential developments in the New York Metropolitan region. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through development and property leasing and management. The company is also a recognized leader in the development of build-to-suit mixed-use developments on behalf of a long-list of leading corporations, including Prudential, Panasonic, BMW, Sanofi, Tiffany’s and Bayer, amongst others.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget, while generating returns exceeding expectations for its investors. The company’s leadership has established trusted, longstanding relationships with many of the industry’s leading investors and financial institutions, which have invested repeatedly alongside SJP throughout its history. For more information, please call (212) 335-2200 or visit www.sjpproperties.com

EY Signs 168,000-SF Office Lease at SJP Properties’ Waterfront Corporate Center II in Hoboken, N.J.
August 2, 2016  |  Press Release

Global Accounting Firm Will Relocate Portion of New York City Operations to State-of-the-Art Business Center

HOBOKEN, N.J. (August 2, 2016) – Reflective of its continued success attracting leading-edge companies to Waterfront Corporate Center in Hoboken, SJP Properties today announced that EY, formerly Ernst & Young, has signed a new lease for 168,000 square feet of office space at the best-in-class, mixed-use office and retail complex.

The global accounting firm is expected to take occupancy of its space in Waterfront Corporate Center II in June 2017. As part of the transaction, EY will be relocating a portion of its New York City operations to Hoboken.

The CBRE team of Michael Geoghegan, Craig Reicher, Glenn Dyke, Joan Meixner and Nick Hilton represented EY in the transaction. SJP Properties was represented in-house by Executive Vice President Jeff Schotz and Senior Vice President Peter Bronsnick.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

“Waterfront Corporate Center offers state-of-the-art infrastructure and amenities, and unparalleled access to mass transit and Hoboken’s renowned downtown, providing companies with a world-class business environment that supports productivity, recruitment and growth,” stated Steven J. Pozycki, CEO of SJP Properties. “When we developed the site of Waterfront Corporate Center, we knew that this would become the standard for Class A office and retail space along New Jersey’s Gold Coast, and we are extremely proud to have fully realized that vision.”

In addition to EY, Waterfront Corporate Center’s impressive tenant roster includes Jet.com, NICE Systems, Newell Rubbermaid, Thomson Reuters, Marsh & McLennan, RMS, Octapharma, Pearson Education, and workspace provider Regus.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Del Frisco’s Grille, Wicked Wolf restaurant, Jos A. Bank, FedEx, Chase Bank and Kiddie Academy. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned amenities, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle.

The complex features highly efficient floor plates and offers excellent New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the complex’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located is enhanced by the Port Authority’s investment of more than $80 million in infrastructure improvements along the river, evidenced by two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard. The five-acre park at Pier A includes an open lawn area, fountain, tree grove, pavilion and amphitheater space for tenant use. The two-and-a-half acre park at Pier C features a playground as well as a promenade at its eastern edge with lawn areas and a fishing pier.

 

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of Class A commercial and luxury residential developments in the New York Metropolitan region. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through development and property leasing and management. The company is also a recognized leader in the development of build-to-suit mixed-use developments on behalf of a long-list of leading corporations, including Prudential, Panasonic, BMW, Sanofi, Tiffany’s and Bayer, amongst others.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget, while generating returns exceeding expectations for its investors. The company’s leadership has established trusted, longstanding relationships with many of the industry’s leading investors and financial institutions, which have invested repeatedly alongside SJP throughout its history. For more information, please call (212) 335-2200 or visit www.sjpproperties.com.

SJP Properties Signs Mazda North American Operations Regional Offices at Somerset Corporate Center II in Bridgewater, N.J.
May 31, 2016  |  Press Release

Japanese Automaker Will Relocate Northeast Region Office to State-of-the-Art Business Center in Fall 2016

BRIDGEWATER, N.J. – SJP Properties today announced that Mazda Motor of America, d/b/a Mazda North American Operations, a subsidiary of Japanese automaker Mazda Motor Corporation, has signed an 8,000-square-foot office lease to relocate its Northeast Region Office to Somerset Corporate Center II, a Class A office building situated within SJP’s master-planned Somerset Corporate Center business complex in Bridgewater, NJ.

Mazda is relocating its Northeast Regional Office to Somerset Corporate Center from another location in Bridgewater. Todd Elfand, Paul Hindes and Chon Kantikovit of Cushman & Wakefield represented Mazda in the transaction, while SJP Properties was represented in-house by Senior Vice President Peter Bronsnick. Mazda is expected to take occupancy of its new space at Somerset Corporate Center II in the fall.

“With the market going through a distinct flight to quality, Somerset Corporate Center continues to significantly outperform the I-78 corridor, providing world-class companies like Mazda the opportunity to grow their businesses in a headquarters-quality property that boasts a state-of-the-art work environment, and access to a highly skilled workforce,” stated Steven J. Pozycki, Founder and CEO of SJP Properties.

Located within one of the country’s strongest labor pools, Somerset Corporate Center comprises five existing Class A buildings totaling 1.5 million square feet that are situated around a 15-acre landscaped central park. SJP Properties is also planning a free-standing, full-service fitness facility, as well as a 130-room full-service hotel and restaurant within the center.

In addition to Mazda, a number of leading-edge global companies call Somerset Corporate Center home, including Qualcomm, Allergan, Cognizant Technologies, Aon Hewitt, Merrill Lynch, Valeant, Linde Americas and Kering Eyewear.

One of SJP’s signature developments, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via routes 202/206 and 22, as well as interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

 

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

Jet.com Doubles Headquarters to 80,000 SF at SJP Properties’ Waterfront Corporate Center III
March 15, 2016  |  Press Release

E-Commerce Startup Expands Quickly at Class A Hoboken Business Complex

Hoboken, N.J. – SJP Properties today announced that e-commerce venture Jet.com (Jet) has agreed to expand its headquarters at Waterfront Corporate Center III in Hoboken. Jet will be commencing its build out that will double the size of its corporate offices by an additional 40,000 square feet, for a total of 80,000 square feet. The third and final building within SJP’s best-in-class, mixed-use business center, Waterfront Corporate Center III was developed by SJP in partnership with USAA Real Estate Company, and recently achieved LEED Gold certification from the U.S. Green Building Council. 

Jet is the latest e-commerce venture led by Marc Lore, former CEO and co-founder of Diapers.com and parent company Quidsi. Jet launched in July 2015, bringing a significant number of jobs to Hoboken.

Scott Peck, SIOR and Brian Wilson of Resource Realty represented Jet in its recent expansion at Waterfront Corporate Center III. SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

“We’re excited to continue working with SJP Properties to expand Jet’s space on the Hoboken waterfront,” said Marc Lore, Jet’s founder and CEO. “We have an innovative, tech-focused office that is helping lead the Hoboken tech community. SJP has also been supportive of our commitment to being cost efficient and smart with how we expand our footprint in phases that reflect our growth as a company.”

“Jet’s rapid growth at Waterfront Corporate Center III follows NICE Systems’ decision to relocate here, further illustrating Hoboken’s position as a top destination for the regional technology community, which benefits significantly from access to the area’s highly skilled labor pool,” said Steven J. Pozycki, CEO of SJP Properties. “We have created an environment here in Hoboken where businesses can flourish in world-class office facilities without sacrificing access to transportation, amenities and commerce.”

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

In addition to Jet and NICE Systems, a prestigious roster of leading-edge companies calls Waterfront Corporate Center home, including Marsh & McLennan, Thomson Reuters, RMS and Octapharma. Pearson Education occupies 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, which also houses collaborative workspace provider Regus.

Additionally, Del Frisco’s Restaurant Group recently opened its popular Del Frisco’s Grille at Waterfront Corporate Center III.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Last year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle and walkable amenities.

SJP is currently marketing Waterfront Corporate Center III’s available office space in the tower floors of the building.

Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants. Additionally, the building features an underground parking garage, providing tenants with covered parking access.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

About USAA Real Estate Company

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investment in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

SJP Properties Signs Linde Americas to 115,900-SF Headquarters Lease at Somerset Corporate Center II in Bridgewater
February 11, 2016  |  Press Release

Global Industrial Gas Supplier Will Relocate to State-of-the-Art Business Center

Bridgewater, N.J. – SJP Properties today announced that Linde Americas has signed a 115,900-square-foot office lease to relocate its headquarters for North and South America   to Somerset Corporate Center II, a Class A office building situated within SJP’s master-planned Somerset Corporate Center business complex in Bridgewater, NJ.

Linde is the world’s largest gases and engineering company and is relocating their Americas headquarters from New Providence. The JLL team of Vice Chairman Dan Loughlin, Executive Vice President Jim Medenbach and Senior Vice President Scott Lesh represented Linde in the transaction, while SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

“We want to provide our employees with a state-of-the-art work environment that will enable us to better serve our customers in a safe and reliable manner. The Somerset Corporate Center offers a modern and appropriately sized work environment that will meet our current and future needs,” said Pat Murphy, President of Linde Americas.

The lease with Linde follows recent transactions completed by SJP at Somerset Corporate Center with Kering Eyewear and Valeant Pharmaceuticals – the latter of which signed a lease last year to double the size of its office space at the business center – from 310,000 square feet to 620,000 square feet – in one of the largest office leases to have been completed in the past decade in New Jersey.

“Somerset Corporate Center offers companies like Linde the opportunity to establish their presence in a headquarters-quality, Class A environment that features the infrastructure and amenities they need, as well as unparalleled access to a highly skilled workforce,” stated Steven J. Pozycki, Founder and CEO of SJP Properties. “The combination of exceptional quality and a strategic location has enabled this property to consistently outperform the market.”      

Located within one of the country’s strongest labor pools, Somerset Corporate Center comprises five existing Class A buildings totaling 1.5 million square feet that are situated around a 15-acre landscaped central park. SJP Properties is also planning a free-standing, full-service fitness facility, as well as a 130-room full-service hotel and restaurant within the center.

In addition to Valeant and Kering Eyewear, a number of leading-edge global companies call Somerset Corporate Center home, including Qualcomm, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch.

One of SJP’s signature developments, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

SJP Properties Signs 60,000-SF Office Lease with NICE Systems at Waterfront Corporate Center III
November 9, 2015  |  Press Release

Global Enterprise Software Provider Moves U.S. Headquarters to Premier Hoboken Business Center

Hoboken, N.J.– SJP Properties today announced that NICE Systems Inc. has signed a new 60,000-square-foot office lease for its new U.S. headquarters at Waterfront Corporate Center III, the third and final building within SJP’s high-performance, mixed-use business center in Hoboken, N.J. Earlier this year, SJP completed construction on the 14-story, 500,000-square-foot building – developed in partnership with USAA Real Estate Company – which recently achieved LEED Gold certification from the U.S. Green Building Council. 

A global enterprise software company, NICE Systems provides solutions to the world’s largest organizations to deliver better customer service, ensure compliance, combat fraud and safeguard citizens. The company’s new lease at Waterfront Corporate Center III will enable it to consolidate its New York City and New Jersey operations in one strategic location that offers direct access to Hoboken’s exceptional transportation network, as well as the city’s numerous shopping, dining and entertainment options.

“We are excited to have chosen this site as our new North American headquarters,” said Tom Dziersk, President of NICE Americas. “Over the years, NICE has made significant investments to grow its presence in the New Jersey/New York region. The company remains committed to future growth in the area, recognizing the opportunities available to grow our businesses and expand our NICE community.”

“Over the past few years, the Hudson River waterfront in New Jersey has seen an increasingly diverse mix of tenants that are attracted to the area’s high-quality transportation network and skilled workforce,” stated Steven J. Pozycki, Chairman and CEO of SJP Properties. “In particular, we’ve seen significant activity at Waterfront Corporate Center from companies in the technology sector, as this property offers quick access to New York City, while providing the high-performance, technologically advanced work environment these companies require.”

Colliers International Executive Director Richard Charkham and Executive Managing Director Richard Mirliss represented NICE Systems in the transaction, while SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

As the newest tenant of the Waterfront Corporate Center complex, NICE Systems will join a prestigious roster of leading-edge companies, including Marsh & McLennan, Thomson Reuters, RMS and Octapharma. Pearson Education occupies 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III. In addition, e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com –occupies 40,000 square feet at the building, as does collaborative workspace provider Regus.

Last month, Del Frisco’s Restaurant Group opened its popular Del Frisco’s Grille at Waterfront Corporate Center III.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Earlier this year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle and walkable amenities.

SJP is currently marketing Waterfront Corporate Center III’s available office space in the tower floors of the building.

Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants. Additionally, the building features an underground parking garage, providing tenants with covered parking access.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. 

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

About USAA Real Estate Company

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investment in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

SJP, Mitsui Fudosan to Build Upper West Side's Tallest Condo
October 16, 2015  |  The Real Deal  |  by Hiten Samtani

Patners planning luxe condos on property at 200 Amsterdam

SJP Properties, in partnership with Mitsui Fudosan America, just closed on the purchase of a large development site at 200 Amsterdam Avenue, according to sources familiar with the transaction. Zoning allows for a 600-foot-high residential tower of nearly 400,000 square feet, and the partners intend to build luxury condominiums on the site.

When reached by phone late Thursday, SJP president Allen Goldman confirmed the purchase. He declined to comment on the purchase price, but sources familiar with the deal said it closed for close to $750 per buildable square foot, or nearly $300 million.

The condo project between West 69th and West 70th streets, Goldman said, will cater to New Yorkers and families from the suburbs looking to downsize and move into the city. The design, he added, would be “highly contextual with the architecture of the Upper West Side,” and the property boasts protected views of Central Park.

The seller, according to property records, was American Continental Properties. Founded by Daniele Bodini, the firm has substantial holdings in the neighborhood, and was represented in the deal by CBRE’s Darcy Stacom, Bill Shanahan and Paul Leibowitz. In January, CBRE began marketing the property, the former home of the Lincoln Square Synagogue, asking north of $400 million.

The 55-story project is slated to be the tallest building on the Upper West Side, a neighborhood where new condo product fetched an average price of $1,898 per square foot during the third quarter of the year, according to Halstead Property Development Marketing.

Manhattan–based SJP, led by Steven Pozycki, has developed over 25 million square feet of office and residential space since 1981. It recently sold a noncontrolling interest in 11 Times Square to Norges Bank.

Mitsui Fudosan America, the U.S. investment arm of Japanese development firm Mitsui Fudosan, paid more than $250 million in December for a large stake in Related Cos. 55 Hudson Yards. The firm’s other holdings in the city include 1251 Sixth Avenue at Rockefeller Center and 160 Madison Avenue.

- See more at: http://therealdeal.com/blog/2015/10/16/sjp-mitsui-fudosan-make-big-uws-p...

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Kering Eyewear Establishes New Jersey Headquarters at SJP Properties’ Somerset Corporate Center II in Bridgewater
September 8, 2015  |  Press Release

High-End Apparel and Accessory Company Signs Lease for 8,000 SF at World-Class Business Center

Parsippany, N.J. – SJP Properties today announced that Kering Eyewear has signed a lease to establish its first New Jersey office at Somerset Corporate Center II, a Class A office building situated within SJP’s master-planned Somerset Corporate Center complex in Bridgewater, NJ.

Kering Eyewear, which designs, markets, produces and distributes luxury and high-end eyewear for such brands as Gucci, Sergio Rossi and Puma, will take 8,000 square feet at Somerset Corporate Center II for its New Jersey headquarters. The transaction comes on the heels of SJP’s announcement that Valeant Pharmaceuticals has signed a lease to double the size of its office space at Somerset Corporate Center – from 310,000 square feet to 620,000 square feet – in one of the largest office leases to have been completed in the past decade in New Jersey.

Cushman & Wakefield Executive Vice President Marc Trevisan and Director Slava Vaynberg represented Kering Eyewear in its lease, while SJP Properties was represented in-house by Senior Vice President Peter Bronsnick.

“In establishing a New Jersey headquarters, Kering Eyewear was seeking an office address that would provide a high-performance, world-class environment reflective of the company’s identity as a global luxury brand,” stated Steven J. Pozycki, Founder and CEO of SJP Properties. “As one of the state’s leading business centers, Somerset Corporate Center offers the state-of-the-art infrastructure needed to support Kering Eyewear’s local sales and administrative operations as the company continues to expand its presence.”

Located within one of the country’s strongest labor pools for the pharmaceutical and technology sectors, Somerset Corporate Center comprises five existing Class A buildings totaling 1.5 million square feet that are situated around a 15-acre landscaped central park. SJP Properties is currently marketing a development site within the center for a build-to-suit office building or mixed-use property.

A number of leading-edge global companies call Somerset Corporate Center home, including Valeant Pharmaceuticals, Qualcomm, Actavis, Cognizant Technologies, Aon Hewitt and Merrill Lynch.

One of SJP’s signature developments, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

Valeant Pharmaceuticals Signs 620,000-SF Lease to Double Office Space at SJP Properties’ Somerset Corporate Center in Bridgewater, NJ
August 24, 2015  |  Press Release

Global Pharmaceutical Company Significantly Expands Presence at Premier Business Center; Leases All of Somerset Corporate Center III and IV

SJP Properties today announced that Valeant Pharmaceuticals International, Inc. has doubled the size of its office space at Somerset Corporate Center in Bridgewater, NJ, having signed a long-term, 620,000-square-foot lease for the entirety of two buildings within the master-planned business center. The transaction is one of New Jersey’s largest office leases of the last decade.

Valeant Pharmaceuticals established its U.S. headquarters at Somerset Corporate Center in 2014 and currently leases all of Somerset Corporate Center IV. With this new lease, the multinational pharmaceutical company has both extended the term of its original lease at Somerset Corporate Center IV, and expanded by an additional 310,000 square feet to lease all of Somerset Corporate Center III. Valeant was represented in the transaction by GAF Realty Advisors and Cushman & Wakefield. SJP was represented in house by Executive Vice President Jeff Schotz and Senior Vice President Peter Bronsnick.

The two Class A office buildings leased by Valeant are part of SJP’s five-building Somerset Corporate Center campus, widely recognized as one of the premier business centers in the region.

“Somerset Corporate Center features flexible, highly efficient office space that will enable Valeant to seamlessly integrate multiple business units in one location,” commented Steven J. Pozycki, Founder and CEO of SJP Properties. “Additionally, the center is situated in one of the country’s strongest labor pools for the pharmaceutical and technology sectors, providing the company with a distinct competitive advantage in attracting and retaining top talent. We are extremely pleased to be able to accommodate Valeant's growing presence while supporting New Jersey’s continued leadership position in the pharmaceutical industry.”

Totaling 1.5 million square feet of Class A office space, Somerset Corporate Center’s five existing buildings are situated around a 15-acre landscaped central park. SJP Properties is currently marketing a development site within Somerset Corporate Center for a build-to-suit office building or mixed-use project.

In addition to Valeant, a number of high-caliber global companies call Somerset Corporate Center home, including Qualcomm, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch.

One of SJP’s signature developments, Somerset Corporate Center is in proximity to both Newark International Airport and New York City, and is situated directly across from the nearly one million-square-foot Bridgewater Commons Mall – the second largest mall in New Jersey. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Additionally, the center offers access to public transportation, including NJ TRANSIT service via a shuttle to the Somerville train station just four miles from the property, and features a state-of-the-art conference facility, as well as fitness centers and cafes in each of its buildings.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

SJP Properties Achieves LEED® Gold Certification at Waterfront Corporate Center III
July 7, 2015  |  Pres Release

Property is New Jersey’s Only Waterfront LEED Gold-Certified Office and Retail Building

Hoboken, N.J. – SJP Properties, one of the New York Metropolitan Area’s most active development companies, today announced that it has achieved the Leadership in Energy and Environmental Design (LEED) Gold certification from the U.S. Green Building Council (USGBC) at Waterfront Corporate Center III. The development is the third and final building within SJP’s premier, Class A mixed-use business complex in Hoboken, N.J.

A 14-story, 500,000-square-foot building, Waterfront Corporate Center III is New Jersey’s only waterfront LEED Gold-certified office and retail building. The tower, built by SJP Properties in partnership with USAA Real Estate Company, is home to leading learning company Pearson, which occupies 200,000 square feet as the lead tenant. Other premier tenants include e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com – and office suite provider Regus, which each occupy 40,000 square feet. In the building’s ground-floor retail space, Del Frisco’s Restaurant Group recently signed a lease to open its popular Del Frisco’s Grille.

“Throughout the development process, it was a priority for us to utilize the latest green technologies available to ensure that Waterfront Corporate Center III would meet the highest standards for world-class office and retail space for our tenants,” commented Steven J. Pozycki, Founder and CEO of SJP Properties. “This building is a continuation of our proud legacy delivering best-in-class, high-performance and energy-efficient buildings to the New York Metropolitan Area market.”

In order to achieve LEED certification –USGBC’s nationally accepted benchmark for the design, construction and operation of high-performance green buildings —SJP incorporated energy-efficiency and air quality control features throughout Waterfront Corporate Center III to provide a healthier and more sustainable work environment for tenants. In addition, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Earlier this year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space.

Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the buildings offers unobstructed views of New York City and the Hudson River. Adding to its comprehensive roster of amenities, the building will feature an underground parking garage, providing tenants with direct covered parking access.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. RealCo is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

Precise Leads, Inc. Signs Office Lease at SJP Properties’ 11 Times Square in Manhattan
May 26, 2015  |  Press Release

Insurance Lead Acquisition Company is Latest Tenant to Commit to State-of-the-Art Commercial Tower

NEW YORK CITY – SJP Properties today announced that Precise Leads, Inc., a customer acquisition company delivering insurance leads to agents and carriers nationwide, has signed an office lease to relocate to 11 Times Square, Midtown Manhattan’s most advanced commercial tower. SJP owns the state-of-the-art, 1.1 million-square-foot LEED-Gold-certified office and retail tower in partnership with Prudential Real Estate Investors. 

Precise Leads joins numerous world-class companies that call 11 Times Square home, including Proskauer, Microsoft, e-Marketer, ULLINK, Answers and many others. Precise Leads was represented in its lease by Transwestern Partner Lindsay Ornstein. SJP Properties was represented by Dan Turkewitz of JLL, 11 Times Square’s exclusive office leasing agent.

“This new lease reflects 11 Times Square’s appeal among companies in a wide variety of industries that appreciate the competitive edge afforded to their businesses by occupying high-performance commercial space with unrivaled access to mass transit,” commented Steven J. Pozycki, Founder and CEO of SJP Properties. “We’re very pleased with our recent leasing success, which has solidified 11 Times Square’s position at the forefront of the Midtown market.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square affords the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

The building’s location directly across from the Port Authority Bus Terminal, with direct access to numerous subway lines, places it squarely within the foremost transportation hub in Manhattan. The tower also offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that characterize Times Square as an iconic neighborhood.

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visit www.sjpproperties.com

SJP Properties Signs Lease with Del Frisco’s Restaurant Group at Waterfront Corporate Center III
April 20, 2015  |  Press Release

First-Rate Restaurant Group to Establish Popular Del Frisco’s Grille in Premier Hoboken Business Complex

HOBOKEN, N.J. – SJP Properties, one of the New York Metropolitan Area’s most active development companies, today announced that it has signed a lease with Del Frisco’s Restaurant Group to open its popular Del Frisco’s Grille, an upscale modern American bar and grill, in Hoboken, N.J.  Del Frisco’s Grille will occupy approximately 9,000 square feet of picturesque waterfront space along Sinatra Drive at Waterfront Corporate Center III, the third and final building within SJP’s premier, Class A mixed-use business complex. SJP is currently marketing Waterfront Corporate Center III’s available office space in the tower floors.

Del Frisco's Grille takes the classic American bar and grill concept to refreshing new heights, drawing inspiration from bold flavors and market-fresh ingredients. From the interior design and seating to the exciting food and signature cocktails, this new hot spot is built for creating incredible experiences. The Grille chefs dish up creative twists on American comfort classics and includes regional favorites using locally sourced ingredients and features the finest local flavors.  This location also offers a wraparound patio, open island style bar and private dining for 40 people to maximize the complex’s stunning views of New York City and the Hudson River.

Ted Speros of ATS Realty and Wayne Kasbar of Silbert Realty represented Del Frisco’s Restaurant Group in the transaction, while SJP was represented in-house by Senior Vice President Peter Bronsnick.

“The Del Frisco’s brand aptly represents the world-class commercial environment that we’ve created at Waterfront Corporate Center,” said Steven J. Pozycki, CEO of SJP Properties. “The restaurant promises to be one of Hoboken’s hot spots for lunch, dinner and Sunday brunch. We believe Del Frisco’s Grille will be a very attractive destination not only for the complex’s tenants, but also for the greater Hoboken community and regionally throughout northern New Jersey.”

Del Frisco’s Restaurant Group, which also operates Sullivan’s Steakhouse and Del Frisco’s Double Eagle Steakhouse, selected the site after a rigorous search for high-grade space in the New York Metropolitan Area. The opportunity to occupy newly constructed space within the last commercial development site along Hoboken’s waterfront, as well as the connectivity to multiple mass transit options and strong demographics afforded by the location, were key factors in the group’s decision to open a new location at Waterfront Corporate Center III.

“In Hoboken, where competition for waterfront retail and office space is fierce, it’s extremely rare to have the opportunity to occupy a brand new Class A ground floor retail space with such spectacular views,” added Pozycki.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Earlier this year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle and walkable amenities.

Waterfront Corporate Center III is a 14-story, 500,000-square-foot building designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail building. Leading learning company Pearson occupies 200,000 square feet as the lead tenant of the building, which was developed in partnership with USAA Real Estate Company. In addition, e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com – as well as office suite provider Regus have each leased 40,000 square feet of office space at the building.

Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants. Additionally, the building will feature an underground parking garage, providing tenants with direct covered parking access.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several new developments in New Jersey, including The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of downtown Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

 

About SJP Properties

SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. 

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 973-299-9117 or visit www.sjpproperties.com

 

About USAA Real Estate Company

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. RealCo is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

SJP Properties Signs 40,000-Square-Foot Office Lease with Regus at Waterfront Corporate Center III
March 31, 2015  |  Press Release

Leading Office Suite Provider to Establish First Location in Hoboken, N.J.

HOBOKEN, N.J. – SJP Properties today announced a new 40,000-square-foot office lease with Regus for the entire ninth floor of Waterfront Corporate Center III, the third and final building within SJP’s high-performance, mixed-use business complex in Hoboken, N.J. SJP recently completed construction on the 14-story, 500,000-square-foot building, designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail tower. 

As a leading provider of fully equipped office suites, Regus offers its dynamic co-working spaces to corporations – both large and small alike – across the country. The company’s lease at Waterfront Corporate Center III marks its first location in Hoboken, providing companies that are seeking to establish a presence in the thriving Hudson waterfront community with a prestigious office address, while maintaining the flexible and cost-efficient work style that Regus accommodates.

Derek DeMartino of JLL represented Regus in the transaction; Peter Bronsnick, Senior Vice President of SJP Properties, represented SJP in-house.

“As a renowned provider of state-of-the-art collaborative workspaces, Regus’ presence at Waterfront Corporate Center III will offer a diverse range of businesses – whether they be established corporations, start-ups or entrepreneurs – with a unique opportunity to occupy flexible space in Hoboken’s most advanced office complex,” said Steven J. Pozycki, CEO of SJP Properties. “This lease further demonstrates Waterfront Corporate Center’s enormous appeal within one of the most highly sought-after live-play-work communities in the region, amplified by the complex’s top-of-the-line amenities.”

As the newest tenant of the Waterfront Corporate Center complex. Regus joins a prestigious roster of leading-edge companies, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma. Learning company Pearson occupies 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, which was developed in partnership with USAA Real Estate Company. In addition, e-commerce start-up Jet.com – led by Marc Lore, former CEO and co-founder of Diapers.com – is moving into 40,000 square feet at the building.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The complex houses an on-site, state-of-the-art fitness center, Crunch Fitness, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Earlier this year, childcare learning center Kiddie Academy signed a lease to occupy a portion of the complex’s retail space. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options, as well as two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard, all of which contribute to Hoboken’s 24/7 lifestyle and walkable amenities.

Adding to the property’s extensive list of services, Regus itself will serve as an amenity for Waterfront Corporate Center’s tenants, which will be able to rent the company’s conference facilities on a per diem basis.

SJP is currently marketing Waterfront Corporate Center III’s available office space in the tower floors of the building.

Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants. Additionally, the building will feature an underground parking garage, providing tenants with direct covered parking access.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several new developments in New Jersey, including The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of downtown Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

 

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of Class A commercial and luxury residential developments in the New York Metropolitan region. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through development and property leasing and management. The company is also a recognized leader in the development of build-to-suit mixed-use developments on behalf of a long-list of leading corporations, including Prudential, Panasonic, BMW, Sanofi, Tiffany’s and Bayer. 

For more than 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget, while generating returns that exceed expectations for its investors. The company’s leadership has established trusted, longstanding relationships with many of the industry’s leading investors and financial institutions, which have invested repeatedly alongside SJP throughout its history. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

 

About USAA Real Estate Company

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investment in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

Prudential Real Estate Investors and SJP Properties sell minority interest
February 11, 2015  |  Press Release

Partnership capitalizes on leasing success at state-of-the-art tower,

NEW YORK, February 11, 2015 — Prudential Real Estate Investors and SJP Properties announced today the sale of a 45 percent interest in Eleven Times Square, the partnership’s state-of-the-art, 1.1 million-square-foot office and retail tower in Midtown Manhattan, to Norges Bank Investment Management based on a gross value of $1.4 billion.  PREI is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU).

As part of the transaction, the partnership will continue to own and control the building, while SJP Properties, as the operating partner, will continue to manage, lease and operate the building. SJP will also maintain its headquarters at the tower. The minority sale to Norges Bank Investment Management followed a marketing process led by CBRE, which attracted significant interest from a global roster of international organizations and sovereign wealth funds.  Other terms of the transaction were not disclosed. 

“The strength of the tenant roster and the state-of-the art features at Eleven Times Square, combined with its central location in the heart of New York City, allowed us to capitalize on the strong investor demand for core office properties in New York,” said Kevin R. Smith, a PREI senior managing director and head of the Americas business. “This transaction gives us the opportunity to retain control of this trophy asset with our long-term partner SJP while also allowing PREI to redeploy capital into other core investments that provide steady returns for our investors.”

“This transaction is reflective of Eleven Times Square’s position as a premier destination for leading global and local companies,” commented Jeff Schotz, executive vice president for SJP Properties. “Given the

success of our leasing program and robust demand for our remaining premium tower space, we believe that now is an appropriate time to recapitalize the building as we continue to look for opportunities to further expand our New York metropolitan area market presence.” 

Completed in 2010 and strategically located in a transportation hub at the intersection of Eighth Avenue and 42nd Street, the LEED-Gold-certified Eleven Times Square, inclusive of signed leases and current activity, will be approximately 90 percent leased. The property is anchored by Microsoft Corp. and global law firm Proskauer, along with a diverse roster of tenants across the finance, technology, legal, and media industries.

“SJP Properties operates this magnificent building with a level of integrity, professionalism and responsiveness that is truly unmatched,” said Ron Sernau, chairman of the Real Estate Department at Proskauer.

Eleven Times Square features precedent-setting LEED Platinum-level indoor air quality and a highly efficient glass curtain wall, along with innovative concrete core construction that supports the building’s infrastructure and provides enhanced safety. The building’s concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated between Bryant Park and Hudson Yards, Eleven Times Square offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues.  Additionally, the building’s location allows tenants and visitors to benefit from the presence of an on-site subway entrance connecting to 12 subway lines, the Port Authority bus terminal and commuter parking lot. Grand Central Terminal and Penn Station are just one subway stop away.

 

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of Class A commercial and luxury residential developments in the New York Metropolitan region. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through development and property leasing and management. The company is also a recognized leader in the development of build-to-suit mixed-use developments on behalf of a long-list of leading corporations, including Prudential, Panasonic, BMW, Sanofi, Tiffany’s,  and Bayer, amongst others. 

For 30 years, SJP has sustained an unblemished track record of success, having completed every project on time and within budget, while generating returns exceeding expectations for its investors. The company’s leadership has established trusted, longstanding relationships with many of the industry’s leading investors and financial institutions, who have invested repeatedly alongside SJP throughout its history. For more information, please call 212-335-2200 or visit www.sjpproperties.com.

 

About PREI

Prudential Real Estate Investors is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Investing in real estate on behalf of institutional clients since 1970, PREI today has more than 650 employees located in 19 cities around the world, and gross assets under management of $58.2 billion ($43.5 billion net) as of September 30, 2014.  PREI offers to its global client base a broad range of real estate investment vehicles across the risk-return spectrum and geographies, including core, core plus, value-add, opportunistic, debt, securities, and specialized investment strategies.  For more information, visit www.prei.com. 

Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of December 31, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.

SJP Properties Signs 40,000-Square-Foot Office Lease with Jet.com at Waterfront Corporate Center III
December 19, 2014  |  Press Release

E-Commerce Startup Establishes Headquarters in Class A Hoboken Business Complex

HOBOKEN, N.J. – SJP Properties today announced a new 40,000-square-foot office lease with Jet at Waterfront Corporate Center III, the third and final building within SJP’s high-performance, mixed-use business complex in Hoboken, N.J.  SJP recently completed construction on the 14-story, 500,000-square-foot building, designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail tower.  

Jet is the latest e-commerce venture led by Marc Lore, former CEO and co-founder of Diapers.com and parent company Quidsi. Jet, which promises to be the most brilliant way to shop online, is slated to launch in 2015. With headquarters at Waterfront Corporate Center III, the company will bring a significant number of new jobs to Hoboken.

Scott Peck, SIOR and Brian Wilson of Resource Realty represented Jet in the transaction; SJP was represented in-house. 

“To welcome such a dynamic, ambitious technology-based company to Waterfront Corporate Center III is truly exciting,” said Steven J. Pozycki, CEO of SJP Properties. “It is a testament to the world-class environment that we have created in one of America's great job centers, where companies can access the highest quality workspace within steps of transportation, entertainment and blossoming culture.”
 
“Hoboken was naturally the best location for our headquarters,” said Marc Lore, CEO of Jet. “The city’s growing tech scene and proximity to the amazing talent that the New York metro area offers makes this the prime location for our growing company. We’re very excited about not only our new office space, but also the opportunity to contribute to this community.”

Peck commented, “This space was a natural fit for Jet’s headquarters. Our team spent an extensive amount of time searching for a location that was a transit hub and could attract the talent needed for an e-commerce venture of this magnitude. The Waterfront Corporate Center in Hoboken quickly stood out as the perfect fit for Jet.”

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

Several high-caliber corporations call the Waterfront Corporate Center complex home, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma.

The complex houses an on-site, state-of-the-art fitness center, Crunch, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options.

Learning company Pearson will occupy 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company. 
 
SJP is currently marketing the building’s available office space, consisting of approximately 240,000 square feet. The building will also feature an underground parking garage to provide direct covered access parking, as well as prime ground-level retail space.
 
Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located features two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several developments under construction in New Jersey. In addition to Waterfront Corporate Center III, SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

SJP Properties Announces New Office Lease with Kent Beatty & Gordon at 11 Times Square
October 31, 2014  |  Press Release

Commercial Law Firm Joins Growing Roster of Diverse Tenants at LEED-Certified Class A Tower

NEW YORK CITY (October 31, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced it has signed a 6,964-square-foot lease with Kent Beatty & Gordon, LLP (KB&G) at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

KB&G, an AV® Preeminent™ law firm, specializes in commercial litigation, arbitration, general commercial counseling, transactional representation, corporate, hospitality, real estate, and entertainment law. The firm will relocate its New York offices from 425 Park Avenue, which is slated to be razed. Jesse Rubens, Partner, and Nick Gilman, Managing Director, of MHP Real Estate Services, represented KB&G in the lease. Vice Chairman Paul Glickman and Senior Vice President Dan Turkewitz of JLL, 11 Times Square’s exclusive office leasing agent, represented SJP.

“After almost two decades at 425 Park Avenue, we were dreading the whole relocation process,” said KB&G Partner Michael B. Kent. “Thankfully, dealing with ownership has been a refreshing experience, and we now are extremely excited about our move to 11 Times Square. We are sure our clients will greatly appreciate our new state-of-the-art offices.”

KB&G joins a world-class roster of companies at 11 Times Square that includes Microsoft, e-Marketer, and international law firm Proskauer. This year, SJP announced several new leases at the building, including digital media giant Answers Corporation and law firm Cohen Rabin Stine Schumann. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Señor Frog’s and Off the Wall Frozen Yogurt.

“We’re very pleased to welcome Kent Beatty & Gordon to 11 Times Square, as we continue to grow our roster of distinguished law firms,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers unrivaled access to the cultural heart of New York City, perfectly situated in one of Manhattan’s main transportation hubs. It’s clear that companies see real value in the ability to operate and grow their businesses in this prime location.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

The building’s location directly across from the Port Authority Bus Terminal, with direct access to numerous subway lines, places it squarely within the foremost transportation hub in Manhattan. The tower also offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that characterize Times Square as an iconic neighborhood.

SJP Properties Announces New Office Lease with Global Financial Technology Company Ullink at 11 Times Square
October 13, 2014  |  Press Release

Connectivity, Trading and Risk Management Systems Provider Selects High-Performance Class A Commercial Tower in Move from Nearby Midtown East Location

NEW YORK CITY (October 13, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced that global financial technology company Ullink has signed a 14,177-square-foot office lease at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

With 10 offices worldwide, Ullink is a global provider of market-leading, multi-asset trading technology and infrastructure for buy-side and sell-side market participants. The company will relocate its New York office to 11 Times Square from its current location on Third Avenue in Midtown East. The Newmark Grubb Knight Frank team of Directors Dan Hassett and Josh Gosin represented Ullink in its lease. JLL Vice Chairman Matt Astrachan and Senior Vice President Dan Turkewitz, who are part of the JLL team that serves as the exclusive office lease agent for 11 Times Square, represented SJP in the transaction.

Ullink represents the latest in a long string of technology companies that have relocated to 11 Times Square. In July, SJP announced a full-floor lease with digital media solutions leader Answers, owner of Answers.com. The building is also home to world-renowned technology giants Microsoft and e-Marketer. The tower, located at the intersection of Eighth Avenue and 42nd Street, immediately across from the Port Authority Bus Terminal, has become a destination for a wide variety of companies across the technology, legal and financial services sectors as it reaches 85-percent leased.

“Ullink’s decision to relocate to 11 Times Square is another example of a high-tech company choosing to position itself for continued growth by occupying high-performance, advanced commercial space,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers a rare combination of infrastructural sophistication and access to transportation and culture, all in arguably New York City’s most connected and vibrant location.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall, to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

In addition to its world-class roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 square feet at the tower. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Senor Frog’s and Off the Wall Frozen Yogurt.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

SJP Residential to Launch Pre-Leasing for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
September 15, 2014  |  Press Release

FORT LEE, N.J. (September 15, 2014) – The region’s renters will soon be able to experience first-hand the unparalleled lifestyle offered by New Jersey’s most exciting new luxury apartment community with the announcement that pre-leasing will commence later this month at The Modern.

Situated in the heart of the revitalized downtown district in Fort Lee, N.J., the striking 47-story glass tower has transformed the New Jersey skyline and is poised to set the standard for true luxury, offering breathtaking panoramic views of New York City, the Hudson River, George Washington Bridge and surrounding landscape. The Modern features lifestyle services that have never before been available in high-rise residential development, including an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities exclusively available for residents.

A commuter’s dream, The Modern is located just 100 yards from the George Washington Bridge. The community offers residents courtesy shuttle service direct to Manhattan’s express subway station, connecting riders to Midtown Manhattan in less than 10 minutes and without the hassle and cost of having to take the ferry. The Modern is also convenient by car to all of New York City’s outer boroughs, as well as Westchester County and all of Northern New Jersey.

Prospective residents interested in touring The Modern’s stunning, fully furnished designer model residences and exclusive amenities should sign up for the community’s Priority Registration by visiting RentTheModern.com, calling 201-461-2888 or emailing info@RentTheModern.com. The Marketing Directors is serving as The Modern’s exclusive leasing and marketing agent.

“No other apartment building offers the level of amenities, services and technology features that have been incorporated into every aspect of The Modern, which is already commanding considerable attention even before the completion of construction,” commented Allen Goldman, President of SJP Residential.

Comprising 450 exquisitely appointed luxury apartments, The Modern will feature a mix of studios, one-, two-, and three-bedroom rental residences, each boasting an open floor plan and high ceilings highlighted by floor-to-ceiling glass windows that maximize views and draw in an abundance of natural light. Luxury features in each residence include oak hardwood floors, walk-in closets, washers and dryers, and beautiful stone bathrooms. Open kitchens are designed with beauty and functionality in mind, and energy-efficient heating and cooling systems with remote thermostat controls come standard.

The tower’s remarkable amenities area will feature a spacious, state-of-the-art fitness center and a separate yoga and Pilates studio. A spa will feature a community sauna and offer massage services. Residents will be able to relax in the beautifully designed lounge area, which will be available for catered events. Additional indoor amenities include a luxurious screening room, a sophisticated golf simulation area, and a tween room (aka. “The Aquapella Lounge”) with a gaming station. An Internet lounge is also available, where residents can hook up their laptop computers to available WiFi and printers.

Outdoor amenities include a spectacular infinity pool surrounded by chaise lounges. Volleyball and basketball courts will be available, as will an expansive rolling lawn area that will feature outdoor movies during summer evenings. Individual and community barbecue stations will offer an opportunity for residents to enjoy a taste of outdoor cooking any time of the day. The Modern will have a covered dog walking area and pet spa. Separate indoor and outdoor children's play areas will be created for the community's youngest residents. A large indoor parking garage will be conveniently located with direct access to the building.

The Modern's grand, two-story lobby will feature 24/7 concierge and doorman service as well as package and dry cleaning reception and refrigerated storage availability. The tower is wired for free WiFi access and clear cellular phone service throughout.

The Modern, conveniently located at 800 Park Avenue, is part of a larger mixed-use redevelopment of a 16-acre site that will contain a public park and 165,000 square feet of retail in an adjoining development parcel.

The Closing with Steven Pozycki
September 1, 2014  |  The Real Deal  |  by E.B. Solomont

The SJP Properties’ CEO talks about living down the hall from Bruce Springsteen, lifeguarding at Jones Beach and forging his firm deeper into New York City

Steven Pozycki is founder and CEO of Parsippany, N.J.–based SJP Properties, which has developed over 25 million square feet of office space as well as residential condos and rentals since 1981. SJP made a bold move into the New York market several years ago, when it built 11 Times Square, a 40-story, 1.2-million-square-foot speculative glass office-and-retail tower. This year, SJP moved its corporate offices into the building, which hit the market in the midst of the recession but is now 85 percent leased. 

read the full article

SJP Announces New Office Lease with Answers Corporation at 11 Times Square
July 23, 2014  |  Press Release

Leading Digital Media and Marketing Technology Solutions Provider Is Latest Tech Company to Make Move to High-Performance Class A Commercial Tower

NEW YORK CITY (July 23, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced that the St. Louis-based tech powerhouse Answers Corporation has signed a new office lease to occupy the entire 11th floor at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

Answers is best known for its digital media property Answers.com, which boasts the largest Q&A community on the web. Answers also powers a leading-edge marketing technology platform that helps brands and organizations measure and improve the multichannel customer experience. The company will take a total of approximately 29,000 square feet at 11 Times Square, consolidating operations from multiple locations within New York City. The Cassidy Turley team of Nicola Heryet, Senior Managing Director and Principal, and Stephen Bellwood, Managing Director, represented Answers in its lease, while SJP was represented by Vice Chairmen Mitch Konsker and Paul Glickman of JLL, 11 Times Square’s exclusive office leasing agent.

Answers is the latest industry-leading technology company to make a move to 11 Times Square, which is also home to Microsoft and e-Marketer. The tower, located at the intersection of Eighth Avenue and 42nd Street, immediately across from the Port Authority Bus Terminal, has become a destination for a wide variety of companies across the technology, legal and financial services sectors.

“Answers needed a world-class, tech-forward space to support our high-performing New York operations and workforce, which has quadrupled since last year and continues to grow,” said David Karandish, CEO and Chairman of Answers Corporation. “The central location of 11 Times Square gives us tremendous proximity to key customers of our platform technologies--some of the world’s largest brands and advertising agencies, in industries such as retail, financial services and healthcare. It also strengthens our efforts to recruit Silicon Alley talent who can help us deliver leading-edge digital media experiences and marketing solutions to consumers and clients alike.”

Commented Steven J. Pozycki, CEO of SJP Properties, “This latest lease with Answers demonstrates the value that companies see in occupying high-grade, technologically advanced commercial space that provides direct access to unrivaled services, dining, entertainment and cultural venues, as well as the world’s best transportation network. We are extremely pleased to welcome Answers to 11 Times Square as the company positions itself strongly for additional future growth.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

In addition to its world-class roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 square feet at the tower. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, Global Food International, Senor Frog’s and Off the Wall Frozen Yogurt.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

SJP Properties moving exec team to 11 Times Square
July 15, 2014  |  The Real Deal  |  by Rich Bockmann

N.J.-based developer wants to to increase footprint in city

The New Jersey-based developer of 11 Times Square, the city’s largest speculative building when it broke ground in the summer of 2007, is moving its executive offices to the Crossroads of the World as it looks to expand its footprint in New York City.

SJP Properties, the family run business that has been headquartered in Parsippany, N.J. since its inception in 1981, is moving an executive team of about 10 to 12 people in September into 5,000 square feet the company has taken in the 40-story office tower it built in 2007.

“We want to really raise our focus on New York,” SJP Executive Vice President Jeffrey Schotz told The Real Deal. “We want to be in the middle of the action, as opposed to being perceived as a New Jersey developer.”

read the full article

SJP Residential Launches Priority Registration for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
July 8, 2014  |  Press Release

Leasing for Highly Anticipated 47-Story Iconic Tower Set to Commence in Fall 2014

FORT LEE, N.J. (July 08, 2014) – With construction progressing rapidly at The Modern, the iconic luxury apartment community situated in the heart of the revitalized downtown district in Fort Lee, N.J., SJP Residential has announced the launch of Priority Registration to provide prospective residents with exclusive notifications and information regarding leasing opportunities.

The striking 47-story glass tower has transformed the Bergen County skyline and is poised to set the standard for true luxury, offering breathtaking panoramic views of New York City, the Hudson River, George Washington Bridge and surrounding landscape. The community features lifestyle services that have never before been available in high-rise residential development, including an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities exclusively available for residents.

As interest in the community swells, prospective residents who sign up for The Modern’s Priority Registration will be among the first to be contacted about leasing opportunities in advance of a public grand opening. A state-of-the-art leasing office and several fully furnished model apartments are planned to open in early fall 2014. The Marketing Directors is serving as the building’s exclusive leasing and marketing agent.

“Reflective of this luxury apartment tower’s standout position in the market, as well as the demand that exists for thoughtfully designed, full-service rental communities that support a complete lifestyle experience, we anticipate extraordinary interest in The Modern throughout the region,” commented Allen Goldman, President of SJP Residential. “No other apartment building offers the level of amenities, services and technology features that have been incorporated into every aspect of this community, which is already commanding considerable attention even before the completion of construction.”

Comprising 450 exquisitely appointed luxury apartments, The Modern will feature a mix of studios, one-, two-, and three-bedroom rental residences, each boasting an open floor plan and high ceilings highlighted by floor-to-ceiling glass windows that maximize views and draw in an abundance of natural light. Luxury features in each residence include oak hardwood floors, walk-in closets, washers and dryers, and beautiful stone bathrooms. Open kitchens are designed with beauty and functionality in mind, and energy-efficient heating and cooling systems with remote thermostat controls come standard in every residence.

The tower’s amenities area will feature a spacious, state-of-the-art fitness center and a separate yoga and Pilates studio. A spa will feature a community sauna and offer massage services. Residents will be able to relax in the beautifully designed lounge area, which will offer breakfast and will also be available for catered events. Additional indoor amenities include a luxurious screening room, a sophisticated golf simulation area, and a tween room (aka. “The Aquapella Lounge”) with a gaming station. An Internet lounge with available snacks is also planned, where residents can hook up their laptop computers to available WiFi and printers.

Outdoor amenities include a spectacular infinity pool surrounded by chaise lounges. Volleyball and basketball courts will be available for games with friends and fellow residents. An expansive rolling lawn area will feature outdoor movies during summer evenings. Individual and community barbecue stations will offer an opportunity for residents to enjoy a taste of outdoor cooking any time of the day. The Modern will have a covered dog walking area and pet spa. Separate indoor and outdoor children's play areas will be created for the community's youngest residents. A large indoor parking garage will be conveniently located with direct access to the building.

The Modern's grand, two-story lobby will feature 24/7 concierge and doorman service as well as package and dry cleaning reception and refrigerated storage availability. The tower is also wired for free WiFi access and clear cellular phone service throughout.

In line with The Modern’s offering of a completely lifestyle experience, SJP will create a one and three-quarter-acre beautifully landscaped public park outside the tower that will include water features and walking paths reminiscent of Central Park in New York City. The park will also host a 7,000-square-foot restaurant with indoor and open-air dining, as well as a refreshment kiosk. Additionally, SJP will develop a 13,000-square-foot building to be donated to the Borough of Fort Lee, which will house a large public theater and a public museum.

The Modern is conveniently located at 800 Park Avenue, less than one hundred yards from the George Washington Bridge and minutes to the express Manhattan subway courtesy of the community’s dedicated shuttle service.

SJP is developing The Modern in partnership with Prudential Real Estate Investors and Northwestern Mutual Life Insurance Company. The tower is part of a larger mixed-use redevelopment of a 16-acre site that will contain 165,000 square feet of retail in an adjoining development parcel.

For more information on The Modern or to sign up for the community’s Priority Registration list, visit www.RentTheModern.com, call 201-461-2888 or email info@RentTheModern.com.

SJP Properties Signs 72,000-SF Lease Expansion with Thomson Reuters at Waterfront Corporate Center II
April 3, 2014  |  Press Release

Company to Relocate 450 Employees to Premier Hoboken Business Complex

HOBOKEN, N.J. (April 3, 2014) – SJP Properties today announced that it has signed a significant lease expansion with Thomson Reuters at Waterfront Corporate Center II, one of three Class A office and retail buildings within SJP’s high-performance, mixed-use business complex in Hoboken, N.J.

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has taken an additional 72,000 square feet of office space at Waterfront Corporate Center II, where it now leases a total of 93,000 square feet. The additional space will support the relocation of 450 of Thomson Reuters’ employees from New York City to Hoboken.

Joseph Cabrera and Tim Kuhn, formerly of Cushman & Wakefield, represented Thomson Reuters in the transaction. SJP was represented in-house by Senior Vice President Peter Bronsnick.

“The decision by Thomson Reuters to expand at Waterfront Corporate Center and relocate a large portion of its workforce to the complex can be attributed to Hoboken’s position as a premier transit hub that offers an unparalleled live-work-play environment,” commented Steven J. Pozycki, CEO of SJP Properties. “This expansion will provide a considerable boon to the local and state economies, with the New Jersey Economic Development Authority estimating a net benefit to the State of $123 million from this transaction.”

Leveraging its expertise in project and construction management, SJP will oversee the build-out of Thomson Reuters’ expansion space. The company is expected to take occupancy of its new space during the third quarter of the year.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The complex’s on-site amenities include a state-of-the-art fitness center for tenants. In addition to Thomson Reuters, several high-caliber corporations call Waterfront Corporate Center home, including Pearson, Marsh & McLennan and Octapharma.

SJP is currently constructing the third and final building within Waterfront Corporate Center, a 14-story, 550,000-square-foot Class A building designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail building. Learning company Pearson will serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company.

Pearson will occupy 200,000 square feet of Waterfront Corporate Center III. SJP is marketing the remaining 275,000 square feet on the tower floors seven through 14. In addition to the office space, the ground level of the building will have approximately 25,000 square feet available for retail use. SJP is also constructing a 200-car underground parking garage to provide direct covered access parking for the building.

Reflective of Waterfront Corporate Center’s position as one of the state’s preeminent business addresses, the complex features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the complex’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located is enhanced by the Port Authority’s investment of more than $80 million in infrastructure improvements along the river, evidenced by two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard. The five-acre park at Pier A includes an open lawn area, fountain, tree grove, pavilion and amphitheater space for tenant use. The two-and-a-half acre park at Pier C features a playground as well as a promenade at its eastern edge with lawn areas and a fishing pier.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several developments under construction in New Jersey. In addition to Waterfront Corporate Center III, SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

SJP Properties Founder Steven J. Pozycki to Receive NAIOP New Jersey Lifetime Achievement Award
April 23, 2013  |  Press Release

Leading Industry Executive Honored for Significant Contributions to Garden State’s Commercial Real Estate Landscape

PARSIPPANY, NJ (April 23, 2013) – Steven J. Pozycki, Founder, Chairman and CEO of leading real estate development company SJP Properties, will accept NAIOP New Jersey’s Lifetime Achievement Award during the organization’s 26th Annual Commercial Real Estate Gala on May 9. 

The award, NAIOP New Jersey’s highest honor, recognizes Pozycki for his distinguished and longstanding record of exemplary service to the commercial real estate industry and the greater community. Since founding Parsippany-based SJP Properties in 1981, Pozycki, a New Jersey native, has forged the company’s continued growth to become one of the preeminent developers of Class A commercial and premier residential properties throughout the New York Metropolitan Area.

“Known for his unwavering attention to detail and unparalleled work ethic, Steve is highly regarded for the consistent leadership he has demonstrated in bolstering New Jersey’s competitive edge through best-in-class development and furthering the state’s economic growth objectives,” said Michael McGuinness, CEO of NAIOP New Jersey. “A true icon of New Jersey real estate, Steve has played an integral role in making the Garden State a truly great place to live and work, and we are extremely pleased to recognize him with this prestigious honor.”

More than 30 years since the company’s founding, SJP continues to be one of the most active developers in New Jersey, with nearly a $1 billion of ground-up development currently under construction throughout the state.

One of the most high profile of these developments is the new, 340,000-square-foot Class A office building that SJP is developing in partnership with Matrix Development Group to serve as the new U.S. headquarters for Panasonic Corporation of North America. The 12-story, state-of-the-art building is the first new office development for Newark’s downtown in nearly two decades. Heralded by Newark Mayor Cory Booker as the “single greatest economic accomplishment” of his administration, the project is a prime example of SJP’s role in furthering the state’s master plan objective of smart growth development in urban centers near existing infrastructure.

In Hoboken, SJP is also under construction on a new Class A office and retail building that, much like the Panasonic project, will serve as a significant driver of economic growth in one of New Jersey’s premier urban hubs. Waterfront Corporate Center III, a 500,000-square-foot, build-to-suit office and retail building, will house up to 900 of learning company Pearson’s employees, and is the culmination of SJP’s pioneering efforts to transform a portion of the Hoboken waterfront into 1.5 million square feet of Class A commercial space. Designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver Certified office building, the property will significantly contribute to the state’s inventory of cutting-edge, transit-oriented office space.

In addition to the significant impact SJP has made on New Jersey’s commercial real estate landscape, the company is also currently developing The Modern, a $500 million development highlighted by two iconic 47-story, luxury residential towers at the foot of the George Washington Bridge in Fort Lee. Under construction on a prominent redevelopment site that had sat undeveloped for more than 40 years, The Modern is the latest example of SJP’s commitment to the creation of superior residential properties, and will provide in-demand, luxury rental housing to an underserved market of New Jersey.

“I am extremely honored to receive this prestigious award from NAIOP New Jersey. Since our company’s founding, we have remained focused on the New York Metropolitan Area, and New Jersey in particular, with a strong commitment to the development of high-quality properties that have a positive impact on the State and the individual communities in which we build and invest,” Pozycki said. “But beyond the quality of our portfolio, my proudest achievement is the creation of a world-class team of professionals at SJP Properties, who are just as dedicated as I am to continuing the track record of success we have been fortunate to experience throughout our history. It is due to the collective efforts of our entire team that SJP Properties continues to play an active part in the ongoing improvement of New Jersey’s real estate landscape.”

Prior to his founding SJP Properties, Pozycki had 10 years of institutional experience in the real estate finance field, first with Metropolitan Life Insurance Co., where he trained and worked on new business and loan workouts for the Northeast region. He then joined Equitable Life Assurance Society, where he worked on new business production for acquisitions, joint ventures and participating debt on all types of commercial real estate projects in the western half of the country.

Pozycki began his career in commercial real estate in 1981 when he opened a finance office for Lincoln Property Company in New York City that became Lincoln's in-house investment banking operation. Shortly thereafter, he acquired and began developing his first project, known as Morris Corporate Center, a 182-acre corporate park in Parsippany. Since that time, he and the SJP team have successfully developed nearly 25 million square feet of ground-up real estate in partnership with major public and private institutions.

SJP Properties Hires Enrique Alonso to Expand New York City Development and Investment Platform
April 10, 2013  |  Press Release

Alonso Joins Company as a Senior Vice President Focused on Business Development

NEW YORK, NY (April 10, 2013) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced the hiring of Enrique Alonso as Senior Vice President.

In this role, Alonso is responsible for business development, including sourcing and financing for commercial and residential real estate investment and development opportunities in the New York market. As a member of the company’s marketing and leasing team, Alonso is also active in the marketing of SJP’s existing New York assets, including 11 Times Square, a 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown Manhattan owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors. SJP has completed several significant lease transactions at the tower with high-caliber global companies, including Proskauer, Microsoft and eMarketer. Currently, 11 Times Square is more than 70 percent leased, including the entirety of the tower’s retail space.

“We are extremely pleased to welcome Enrique to our organization as we leverage our strong market position and integrated platform to execute on new investment and development opportunities, particularly with regard to our long-term core focus on high-quality build-to-suit development, as well as third-party construction management services,” stated Steven J. Pozycki, CEO of SJP Properties. ”Enrique brings to our organization unique market insight and experience in global business advisory that will significantly assist our team in building on the momentum we have established in the leasing and marketing of our current assets, and contribute to the growth of our New York City presence.”

Prior to joining SJP, Alonso was as an executive in CBRE’s Global Corporate Services group. In that capacity, he advised clients on their global real estate strategies, including leasing, divestitures and acquisitions. Alonso also previously served as a Management Consultant with Bain and Company, one of the world’s leading business consulting firms, where he advised clients throughout the world, as well as a Business Development Director with the National Basketball Association.

Alonso is a graduate of Amherst College, where he earned a Bachelor of Arts degree, and holds a Master of Business Administration from Stanford Graduate School of Business.    

“I saw this as a tremendous opportunity to join a world-class organization and work collaboratively to identify new opportunities that complement and enhance the company’s New York portfolio,” added Alonso. “SJP’s long-standing relationships with many of the industry’s leading financial institutions, along with its unparalleled track record in the development of best-in-class buildings, strongly position the company for continued growth, and I look forward to playing a key role in the future of the organization.”

In addition to SJP’s New York assets, the company is highly active with several developments that are currently under construction, including a new, 340,000-square-foot, Class A office building in Newark, N.J., that will serve as Panasonic Corporation of North America’s U.S. headquarters; a 500,000-square-foot, Class A office and retail tower in Hoboken, N.J., that will be anchored by Pearson; and The Modern, a $500 million development in Fort Lee, N.J., highlighted by two, 47-story glass residential towers.

SJP Properties Signs Headquarters Lease With eMarketer at 11 Times Square
February 26, 2013  |  Press Release

Leading Information Resource for Marketers Attracted to Tower’s Strategic Location and Techno-Advanced, LEED-Certified Office Space

NEW YORK, NY (February 26, 2013) – SJP Properties today announced that eMarketer, a leading global information resource on digital marketing, media and commerce, has signed a 53,000-square-foot lease at 11 Times Square, a new, state-of-the-art, 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

Relocating from Lower Manhattan, eMarketer was attracted to 11 Times Square’s location and state-of-the-art technology, security and energy-efficiency features, which combine to create an optimized work environment that supports enhanced employee productivity.

“We believe a world-class work facility is fundamental to our company culture and our ability to provide world-class information to clients,” said eMarketer CEO Terry Chabrowe. “Establishing a new headquarters at 11 Times Square will help us continue to expand our team and meet growing demand from businesses worldwide looking to better understand the digital marketplace.”

The company will occupy the entirety of floors 12 and 14 at the tower, establishing its headquarters within Manhattan’s foremost transit hub location. Situated directly across from the Port Authority’s bus terminal, 11 Times Square features direct subway access to all New York City destinations, and is only one subway stop from both Penn Station and Grand Central Terminal.

"This building continues to attract a diverse base of leading-edge global companies in search of a modern and strategically located business address that delivers the advanced technology infrastructure needed to assist them in maintaining their advantage in today’s competitive marketplace,” stated Steven J. Pozycki, CEO of SJP Properties. “In particular, eMarketer’s employees and clients will enjoy superior transportation access to and from the building, as well as a healthy and energy-efficient office environment due to 11 Times Square’s LEED-Platinum indoor air quality and sustainability features.”

CBRE Executive Vice President Timothy Dempsey, Senior Vice President Roger Griswold and Senior Associate Greg Maurer-Hollaender represented eMarketer in the transaction, while Jones Lang LaSalle Vice Chairmen Mitchell Konsker and Paul Glickman and Senior Vice President Diana Biasotti represented SJP Properties. Jones Lang LaSalle serves as the exclusive leasing agent for 11 Times Square. 

Designed as Midtown’s most advanced new commercial tower, 11 Times Square was developed using a precedent-setting concrete core construction model that ensures protection of the building’s critical infrastructure and overall enhanced safety for tenants. The tower features a highly efficient glass curtain wall that works to reduce heating and cooling costs throughout the building.

Located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square, led by many of the world’s leading law firms and global financial services companies.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces. 

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood. 

With eMarketer’s lease, 11 Times Square is more than 70-percent leased to a world-class roster of tenants that includes leading global law firm Proskauer, as well as Microsoft, which signed a long-term lease at the building earlier this year.

Microsoft Signs Lease at SJP Properties’ 11 Times Square
January 7, 2013  |  Press Release

Leading Global Software Company Attracted to Tower’s Premier Transit Hub Location and Superior Technology

NEW YORK, NY (January 07, 2013) – SJP Properties today announced that Microsoft, the world’s leading software company, has signed a long-term lease at 11 Times Square, the company’s new, state-of-the-art 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

The lease reflects Microsoft’s commitment to establishing its presence within Manhattan’s foremost transit hub location. Situated directly across from the Port Authority’s bus terminal, 11 Times Square features direct subway access to all New York City destinations, and is only one subway stop from both Penn Station and Grand Central Terminal, the city’s two major transportation hubs.

The lease also demonstrates Microsoft’s focus on providing its employees with a high-performance, technologically superior work environment. From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall, to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

"Microsoft’s decision to lease space at 11 Times Square is another significant sign that this building is being targeted by top-tier global firms looking to maintain their competitive edge by locating within transit hubs that provide unparalleled access and convenience to their employees, clients and customers,” stated Steven J. Pozycki, CEO of SJP Properties. “Situated in one of the top transportation centers in Manhattan, 11 Times Square delivers numerous location advantages. When coupled with the tower’s superior technology, safety and robust energy-efficiency features, this tower promotes an enhanced quality of work life and employee productivity, and we are pleased to deliver on that promise for Microsoft.”

Jones Lang LaSalle Managing Director Lisa Kiell represented Microsoft in the transaction, while Jones Lang LaSalle Vice Chairmen Mitchell Konsker and Paul Glickman and Senior Vice President Diana Biasotti represented SJP Properties. Jones Lang LaSalle serves as the exclusive leasing agent for 11 Times Square.

“This is a highly strategic move by Microsoft to relocate to a first-rate, technologically advanced building with strong and responsive ownership,” stated Konsker. “This building is managed like a five-star hotel and is complementary to Microsoft’s identity as a global leader in the technology sector. The benefits to the company and its employees of occupying a building that offers the location and energy-efficiency advantages of 11 Times Square are significant and will have an immediate, positive impact on its business.”

Located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square, led by many of the world’s leading law firms and global financial services companies.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

Upon 11 Times Square’s completion in 2011, the global law firm of Proskauer relocated to more than 400,000 square feet at the building. In 2012, SJP completed seven additional leases at the building, including a long-term lease with Global Food International Corporation for approximately 25,000 square feet of the building’s retail space. With Microsoft’s lease, the building is now more than 70 percent leased.

Press Release  |  January 17, 2024
SJP Properties and Scotto Properties Celebrate Topping Out of M Station West, Sanofi’s New Morristown, N.J. Flagship Location
Sanofi To Relocate from Sprawling Suburban Campus to Seven-Story Class A Building in Walkable, Transit-Based Morristown
RE-NJ  |  December 12, 2023
Nokia to open new 360,000 sq. ft. facility in New Brunswick by 2028, eyeing ‘the next 100 years’ of its historic Bell Labs research arm
Plans for H-2, the second phase of the New Jersey Health + Life Science Exchange in downtown New Brunswick, will include 360,000 square feet of build-to-suit lab and office space at the mixed-use campus. It would rise alongside a first phase that’s now under construction and slated to include a facility known as the New Jersey Innovation HUB, a new home for the Rutgers Robert Wood Johnson Medical School and a center for what’s known as translational research.
Press Release  |  July 24, 2023
SJP Properties Signs Lease With Wonder for 3,700 Square Feet of Retail Space at Waterfront Corporate Center III in Hoboken, N.J.
Wonder’s “fast-fine” dining concept will bring the country’s best chefs and restaurants to the Hoboken waterfront through delivery, pick-up and dine-in options at its new brick-and-mortar location.
Press Release  |  July 18, 2023
SJP Properties Inks Lease With Sweetgreen for 2,646 Square Feet of Retail Space at M Station East in Morristown, N.J.
The popular fast-casual restaurant will serve healthy and convenient fare from the ground floor of the transformative mixed-use development located within Morristown’s thriving downtown
Press Release  |  June 21, 2023
SJP Properties and Scotto Properties Celebrate Groundbreaking for Second Phase of M Station in Morristown, N.J.
The 2nd phase of the transformative mixed-use development comprising two high-performance office and retail buildings in Downtown Morristown has broken ground.
Press Release  |  May 22, 2023
SJP Properties and DEVCO Announce Plans to Develop Phase II of HELIX in New Brunswick, New Jersey
The second phase of the highly anticipated innovation district will encompass up to 600,000 square feet of build-to-suit lab and office space
Press Release  |  April 19, 2023
SJP Project Solutions Completes Build-Out of Helsinn’s 25,000-SF Workspace at 200 Wood Avenue South in Iselin, N.J.
Global biopharmaceutical company relocates to the newly repositioned Metropark campus known for its infrastructure, modern amenities and ample outdoor space
Press Release  |  December 12, 2022
SJP Properties and PGIM Complete Repositioning of 470 Park Avenue South with Opening of New Outdoor Roof Terrace
The boutique office and retail building is one of the only fully-amenitized workspaces along Manhattan’s Park Avenue South corridor
Press Release  |  December 7, 2022
SJP Project Solutions Announces Completion of Eisai’s 300,000-SF Purpose-Built Headquarters in Nutley, NJ
Global pharma company’s U.S. workforce occupies entirety of 200 Metro Boulevard at ON3
Press Release  |  November 16, 2022
SJP Properties, Chesterfield, Manulife Investment Management and Atalaya Capital Management Celebrate Groundbreaking for First Phase of Georgia International Commerce Centre in Savannah
Developers to build state-of-the-art, 6.5 million-square-foot industrial facility on 800+ acres with vertical construction of the first of 12 buildings now underway
Press Release  |  October 19, 2022
SJP Properties and Scotto Properties Celebrate Topping Out of Valley National Bank’s New HQ in Morristown, N.J.
The financial institution’s modern headquarters on Speedwell Avenue reaches full height just four months after breaking ground
Press Release  |  September 12, 2022
Leading Biopharmaceutical Company Leases 20,000 SF at SJP Properties’ Somerset Corporate Center 1
Lexicon Pharmaceuticals to relocate its Basking Ridge, NJ office to strategically located Bridgewater campus
Press Release  |  June 14, 2022
SJP Properties Inks Lease with Siemens for 65,500 Square Feet of Office Space at 200 Wood Avenue South in Iselin, N.J.
Press Release  |  June 9, 2022
SJP Properties and Scotto Properties Break Ground on Valley National Bank’s New HQ in Morristown, N.J.
Prestigious financial institution selects next-generation office environment for base of operations in buzzing suburban downtown
Press Release  |  May 10, 2022
SJP Properties Signs New Office Leases with Anchorage Digital and Life Science REIT at 470 Park Avenue South
Crypto platform and RE trust to occupy strategically located, highly-amenitized boutique office building in Midtown South
Press Release  |  March 21, 2022
SJP Project Solutions Completes Initial Two Phases of 100,000-SF Restack at McCarter & English Office in Newark
SJP’s construction management division completes initial renovations to program Gateway Center office as high-performance workplace for leading Northeast law firm
Press Release  |  March 1, 2022
SJP Properties and Scotto Properties Announce New Headquarters for Valley National Bank in Morristown, N.J.
Demolition begins to make way for next-generation built-to-suit workplace within Morristown’s renowned transit-oriented downtown
Press Release  |  February 15, 2022
SJP Properties and Eagle Ventures File Application to Develop Residential Building That Will Bring New Housing Options to Downtown Greenwich
Press Release  |  January 26, 2022
SJP Properties and PGIM Unveil Transformation of 470 Park Avenue South with New Indoor-Outdoor Lifestyle Amenities
Upscale amenity suite features in-demand outdoor courtyard with firepit and boutique ground-floor lounge spaces to complement evolving workplace needs
Press Release  |  January 24, 2022
SJP Properties and David Werner Real Estate Investments Acquire Waterfront Corporate Center I in Hoboken
With buyback of premier office and retail building, SJP once again controls the entire three-building, 1.5M-SF Waterfront Corporate Center complex
Press Release  |  December 17, 2021
SJP Properties and Scotto Properties Complete Turnover of Office Floors at M Station East in Morristown
Joint venture unveils construction progress on first of two office buildings in advance of Deloitte’s forthcoming occupancy
Press Release  |  October 12, 2021
SJP Properties Signs a National Insurance Carrier for 21,010 SF at 200 Wood Avenue South
Insurance solutions provider inks lease for second office in newly-repositioned Metropark property
Press Release  |  June 29, 2021
SJP Properties Signs Office Lease Extension with Qualcomm for 95,579 SF at Somerset Corporate Center V
Technology provider renews lease at strategically located Bridgewater campus
Press Release  |  June 22, 2021
RMS Extends Office Lease with SJP Properties at Waterfront Corporate Center II
Decades-long risk management tenant extends commitment at premier Hoboken business address
Press Release  |  May 24, 2021
SJP Properties Completes Redevelopment of 200 Wood Avenue South with Build-Out of DSV’s U.S. Headquarters
Strategic repositioning program at next-gen Metropark office building capped by 97K-SF HQ lease and interior build-out with global transport company
Press Release  |  April 30, 2021
SJP Properties Announces Topping Out of M Station at Morristown
First of two buildings within next-gen office and retail development reaches full height
Press Release  |  April 19, 2021
SJP Properties Hires Alexander Erdos as SVP of Leasing & Marketing
Former CBRE exec will support leasing, expansion of SJP’s portfolio and third-party development services
Press Release  |  April 7, 2021
SJP Properties Announces New Leadership and Expansion of Property Management Platform
Barbara Quintana promoted to lead management teams across SJP’s office portfolio; Mary Tanzer hired as General Manager
Press Release  |  February 24, 2021
SJP Properties Hires Patrick Jennings as SVP of Acquisitions
Real estate investment professional with over 20 years of experience hired to support continued expansion of SJP’s portfolio
Press Release  |  January 19, 2021
Eisai Assembles World-Class Team, Led by SJP, to Manage Build-Out of New U.S. Headquarters
SJP Project Solutions to leverage construction management expertise for Japanese pharmaceutical company’s employee-focused HQ at high-tech N.J. campus
Press Release  |  November 13, 2020
SJP Properties and Scotto Properties Break Ground on M Station in Downtown Morristown
Next-Generation Office and Retail Development Poised to Invigorate One of New Jersey’s Most Sought-After Downtowns
Press Release  |  November 9, 2020
SJP Properties Reveals 64,000-SF Interior Build-out for TIAA at 194 Wood Avenue South in Metropark
Leading Fortune 100 company taps property’s original developer for collaborative workplace transformation
Press Release  |  September 21, 2020
SJP Project Solutions Completes Construction of New Life Time Work at Somerset Corporate Center
Completed 31,000-square-foot space in Bridgewater serves as Life Time’s first New Jersey coworking location
Press Release  |  September 14, 2020
SJP Properties Signs Crédit Agricole CIB to New Office Lease at 200 Wood Avenue South
International financial institution drawn to next-generation Metropark workplace by urban commuting trends and resilient infrastructure
Press Release  |  March 9, 2020
SJP Properties Deepens Leadership Team with Two Key Promotions
New Roles Position Company for Future Growth
Press Release  |  February 12, 2020
SJP Properties Acquires 200 Wood Avenue South in Woodbridge, NJ
SJP to apply vertically integrated asset, property, leasing and construction management expertise to reposition Metropark transit office location
Press Release  |  January 14, 2020
Deloitte Signs 110,000-SF Lease at Proposed M Station Mixed-Use Redevelopment in Downtown Morristown, N.J.
Deloitte Signs 110,000-SF Lease at Proposed M Station Mixed-Use Redevelopment in Downtown Morristown, N.J.
Press Release  |  January 13, 2020
SJP Properties Signs Creative Office Pavilion for Entire 7th Floor at 470 Park Avenue South
Workspace design company will relocate to take new prebuilt floor in booming Park Ave South submarket
Press Release  |  January 8, 2020
SJP Properties Announces 17,000-SF Lease with Oracle at Somerset Corporate Center
International cloud and software engineer to relocate Bridgewater field office to 1.2-million-SF mixed-use campus; SJP Project Solutions to manage office build-out
Press Release  |  January 7, 2020
Chiesa Shahinian & Giantomasi PC Upgrades to Larger Space in 11 Times Square
Regional law firm expands presence in NYC, taking 8,191 SF for growing team & operations
Press Release  |  December 12, 2019
SJP Properties Hires Christina Honthy as Director of Asset Management
Industry professional with over 25 years of experience hired to support growth of SJP’s third-party services
Press Release  |  November 20, 2019
Investment Bank Ducera Partners Takes 29,089 SF at 11 Times Square
Leading independent investment bank relocates for 10-year office lease
Press Release  |  October 15, 2019
Digital Reasoning Signs Office Lease to Relocate to 11 Times Square
The AI solutions and digital software company moves NYC office from E. 14th and Broadway
Press Release  |  August 9, 2019
SJP Properties Taps Cushman & Wakefield to Head Retail Leasing at 11 Times Square
Leasing team charged with bringing forward-thinking tenants to thrive in Times Square
Press Release  |  August 5, 2019
The Modern in Fort Lee Now Offering Poolside Service for Residents from Ventanas Restaurant & Lounge
Restaurant venture from iconic chef David Burke and local restaurateur Alexander Duran brings its fusion cuisine to The Modern’s pool deck with grilled favorites and kid-friendly dishes
Press Release  |  July 9, 2019
SJP Properties Unveils Plans for New, Gensler-Designed Tenant Amenities at 470 Park Avenue South
Purpose-built amenity spaces include private outdoor area with fire pits, social lounge area and cafe with a boutique communal aesthetic; Pre-built office space also announced
Press Release  |  May 29, 2019
Phase II of The Modern in Fort Lee Now More Than 60-Percent Leased
Combination of Views, Resort-Style Amenities and Location Drive Strong Leasing Activity at Premier Gold Coast Community
Press Release  |  December 19, 2018
SJP Properties and PGIM Real Estate Acquire 470 Park Avenue South in Midtown South
Joint venture partnership purchases Class A office and retail building in Park Avenue South submarket from Norges Bank Real Estate and TH Real Estate
Press Release  |  December 10, 2018
SJP Properties Rebrands 95 Greene Street in Jersey City as Liberty Innovation Centre; Taps JLL as Exclusive Leasing Agent
Firm to lease 350,000-square-foot building on Jersey City Waterfront; Class A commercial office building suited for life sciences, R&D, healthcare & technology office tenants
Press Release  |  November 20, 2018
SIR Capital Signs Office Lease to Relocate to SJP Properties’ 11 Times Square
Hedge fund taps SJP Project Solutions to manage build-out of new NYC office
Press Release  |  October 9, 2018
SJP Properties Hires Zachary Freeman as Senior Vice President of Leasing and Marketing in New York City
Strategic Hire to Expand Company’s Investment Footprint
Press Release  |  September 24, 2018
SJP Properties Announces Jet.com Expansion to 202,000 SF at Waterfront Corporate Center in Hoboken, N.J.
SJP Project Solutions to Oversee Build Out of Company’s New Expansion Space
Press Release  |  July 23, 2018
SJP Properties Launches SJP Project Solutions to Provide Third-Party Development and Construction Management Services
Company Extends Vertically Integrated In-House Capabilities to Other Owners, Developers and Tenants for All Project Types
Press Release  |  April 30, 2018
SJP Properties and Aetna Realty Unveil Plans for 2 Million-Square-Foot, Transit-Oriented Development Next to Broad Street Station in Downtown Newark
Redevelopment of Former Westinghouse Site Poised to Propel North Broad Street District’s Transformation into Tech and Business Corridor
Press Release  |  March 15, 2018
Kepos Capital LP Signs Office Lease at SJP Properties’ 11 Times Square
Leading Investment Adviser Relocates to High-Performance Commercial Tower
Press Release  |  September 26, 2017
SJP Properties Recapitalizes Somerset Corporate Center in Bridgewater, N.J. with P3RE
Rapidly Growing Company Partners with NJ’s Established Office Market Leader on Three Class-A Office Buildings within Central Jersey’s Premier Business Center
Press Release  |  May 18, 2017
SJP Properties Signs Retail Lease with Bluestone Lane Coffee Shop at Eleven | X
Rapidly expanding artisanal café and eatery to open newest outpost at 41st Street and Eighth Avenue this summer
Press Release  |  February 1, 2017
SJP Properties Achieves Full Occupancy at Somerset Corporate Center with Expansion of Qualcomm Lease to 156,294 SF
1.2 Million-SF, Best-in-Class Business Center Outperforms New Jersey Suburban Market with Accelerated Leasing Activity
Press Release  |  January 10, 2017
SJP Properties Signs Office Leases with E-Trade, Synechron at Eleven | X
International Stock Trading Platform to Move Headquarters to 31,234-Square Foot Space at State-of-the-Art NYC Tower
Press Release  |  December 7, 2016
SJP Properties and Matrix Development Announce Sale of Two Riverfront Plaza in Newark, N.J.
Trade of Panasonic Corporation of North America’s headquarters reflects transformation of Newark office market
Press Release  |  November 2, 2016
SJP Properties Signs CRC Insurance Services to 19,000-SF New Office Lease at Morris Corporate Center in Parsippany, N.J.
Company’s Decision to Relocate Corporate Offices to Class A Business Center Reflects Flight-to-Quality Trend
Press Release  |  October 3, 2016
SJP Properties Renews 125,472-SF Lease with Qualcomm Inc. at Somerset Corporate Center in Bridgewater, N.J.
Wireless Technologies Firm Recommits to Best-in-Class Business Center
Press Release  |  August 9, 2016
Marsh & McLennan Renews for 138,000 SF at SJP Properties’ Waterfront Corporate Center II in Hoboken, N.J.
Global Professional Services Firm Reaffirms Long-Term Commitment to Class A Business Center
Press Release  |  August 2, 2016
EY Signs 168,000-SF Office Lease at SJP Properties’ Waterfront Corporate Center II in Hoboken, N.J.
Global Accounting Firm Will Relocate Portion of New York City Operations to State-of-the-Art Business Center
Press Release  |  May 31, 2016
SJP Properties Signs Mazda North American Operations Regional Offices at Somerset Corporate Center II in Bridgewater, N.J.
Japanese Automaker Will Relocate Northeast Region Office to State-of-the-Art Business Center in Fall 2016
Press Release  |  March 15, 2016
Jet.com Doubles Headquarters to 80,000 SF at SJP Properties’ Waterfront Corporate Center III
E-Commerce Startup Expands Quickly at Class A Hoboken Business Complex
Press Release  |  February 11, 2016
SJP Properties Signs Linde Americas to 115,900-SF Headquarters Lease at Somerset Corporate Center II in Bridgewater
Global Industrial Gas Supplier Will Relocate to State-of-the-Art Business Center
Press Release  |  November 9, 2015
SJP Properties Signs 60,000-SF Office Lease with NICE Systems at Waterfront Corporate Center III
Global Enterprise Software Provider Moves U.S. Headquarters to Premier Hoboken Business Center
The Real Deal  |  October 16, 2015
SJP, Mitsui Fudosan to Build Upper West Side's Tallest Condo
Patners planning luxe condos on property at 200 Amsterdam
Press Release  |  September 8, 2015
Kering Eyewear Establishes New Jersey Headquarters at SJP Properties’ Somerset Corporate Center II in Bridgewater
High-End Apparel and Accessory Company Signs Lease for 8,000 SF at World-Class Business Center
Press Release  |  August 24, 2015
Valeant Pharmaceuticals Signs 620,000-SF Lease to Double Office Space at SJP Properties’ Somerset Corporate Center in Bridgewater, NJ
Global Pharmaceutical Company Significantly Expands Presence at Premier Business Center; Leases All of Somerset Corporate Center III and IV
Pres Release  |  July 7, 2015
SJP Properties Achieves LEED® Gold Certification at Waterfront Corporate Center III
Property is New Jersey’s Only Waterfront LEED Gold-Certified Office and Retail Building
Press Release  |  May 26, 2015
Precise Leads, Inc. Signs Office Lease at SJP Properties’ 11 Times Square in Manhattan
Insurance Lead Acquisition Company is Latest Tenant to Commit to State-of-the-Art Commercial Tower
Press Release  |  April 20, 2015
SJP Properties Signs Lease with Del Frisco’s Restaurant Group at Waterfront Corporate Center III
First-Rate Restaurant Group to Establish Popular Del Frisco’s Grille in Premier Hoboken Business Complex
Press Release  |  March 31, 2015
SJP Properties Signs 40,000-Square-Foot Office Lease with Regus at Waterfront Corporate Center III
Leading Office Suite Provider to Establish First Location in Hoboken, N.J.
Press Release  |  February 11, 2015
Prudential Real Estate Investors and SJP Properties sell minority interest
Partnership capitalizes on leasing success at state-of-the-art tower,
Press Release  |  December 19, 2014
SJP Properties Signs 40,000-Square-Foot Office Lease with Jet.com at Waterfront Corporate Center III
E-Commerce Startup Establishes Headquarters in Class A Hoboken Business Complex
Press Release  |  October 31, 2014
SJP Properties Announces New Office Lease with Kent Beatty & Gordon at 11 Times Square
Commercial Law Firm Joins Growing Roster of Diverse Tenants at LEED-Certified Class A Tower
Press Release  |  October 13, 2014
SJP Properties Announces New Office Lease with Global Financial Technology Company Ullink at 11 Times Square
Connectivity, Trading and Risk Management Systems Provider Selects High-Performance Class A Commercial Tower in Move from Nearby Midtown East Location
Press Release  |  September 15, 2014
SJP Residential to Launch Pre-Leasing for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
The Real Deal  |  September 1, 2014
The Closing with Steven Pozycki
The SJP Properties’ CEO talks about living down the hall from Bruce Springsteen, lifeguarding at Jones Beach and forging his firm deeper into New York City
Press Release  |  July 23, 2014
SJP Announces New Office Lease with Answers Corporation at 11 Times Square
Leading Digital Media and Marketing Technology Solutions Provider Is Latest Tech Company to Make Move to High-Performance Class A Commercial Tower
The Real Deal  |  July 15, 2014
SJP Properties moving exec team to 11 Times Square
N.J.-based developer wants to to increase footprint in city
Press Release  |  July 8, 2014
SJP Residential Launches Priority Registration for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
Leasing for Highly Anticipated 47-Story Iconic Tower Set to Commence in Fall 2014
Press Release  |  April 3, 2014
SJP Properties Signs 72,000-SF Lease Expansion with Thomson Reuters at Waterfront Corporate Center II
Company to Relocate 450 Employees to Premier Hoboken Business Complex
Press Release  |  April 23, 2013
SJP Properties Founder Steven J. Pozycki to Receive NAIOP New Jersey Lifetime Achievement Award
Leading Industry Executive Honored for Significant Contributions to Garden State’s Commercial Real Estate Landscape
Press Release  |  April 10, 2013
SJP Properties Hires Enrique Alonso to Expand New York City Development and Investment Platform
Alonso Joins Company as a Senior Vice President Focused on Business Development
Press Release  |  February 26, 2013
SJP Properties Signs Headquarters Lease With eMarketer at 11 Times Square
Leading Information Resource for Marketers Attracted to Tower’s Strategic Location and Techno-Advanced, LEED-Certified Office Space
Press Release  |  January 7, 2013
Microsoft Signs Lease at SJP Properties’ 11 Times Square
Leading Global Software Company Attracted to Tower’s Premier Transit Hub Location and Superior Technology

Contact

New York
Eleven Times Square
New York, NY 10036
212-335-2200
New Jersey
389 Interpace Parkway
Parsippany, NJ 07054
973-299-9117
Inquiries and Available Space
Use this form to inquire about leasing opportunities or send us an email at info@sjpproperties.com.