Real estate developer SJP Properties is used to working on its own properties. Now, it wants to lend its expertise to others’ projects as well.
The company announced Monday that it has created the SJP Project Solutions division, offering third-party development and construction management services to property owners, developers and corporate tenants.
“What we’ve learned from our experience managing projects on behalf of others is that the traditional project management model of hiring an outside firm to oversee contractors is fraught with inefficiencies that contribute to project delays, cost overages and time being wasted,” Steven J. Pozycki, CEO of SJP Properties, said in a prepared statement. “SJP Project Solutions is designed to eliminate those headaches, with the full accountability of our in-house professionals who are experts in every discipline, allowing communication to be streamlined through a single, highly coordinated team.”
Projects that might call on the new business might include build-to-suit or master-planned offices, interior fit-outs, luxury high-rises, mixed-use developments or turnkey labs, SPJ said in a news release.
“We keep the needs of our clients squarely in focus, and foster a transparent process that affords them full control,” Pozycki said.
SJP Project Solutions will be led by Peter Bronsnick, executive vice president, and Andrew Natale, senior vice president. Bronsnick has more than 15 years of experience in commercial real estate, while Natale has more than 15 years of construction and development experience.
“Our experience as an owner means that we view our clients’ real estate as an asset, with a proven track record of effectively valuing engineering projects without sacrificing exceptional design and quality,” Bronsnick said in a statement. “That perspective only comes from having spent years fine-tuning our approach to achieve excellence, regardless of the challenges inherent to completing complex projects.”
Read more from ROI-NJ:
- Developers expect massive project next to Newark Broad Street Station will draw interest from variety of sectors