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

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.