SJP Properties Hires Enrique Alonso to Expand New York City Development and Investment Platform

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.