SJP Properties and Scotto Properties Break Ground on M Station in Downtown Morristown

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.