SJP Properties and Scotto Properties Celebrate Groundbreaking for Second Phase of M Station

MORRISTOWN, N.J. (June 21, 2023) – 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.
 
###
 
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.