SJP Properties Moving Exec Team to 11 Times Square
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.”
