SJP Properties hit another milestone at M Station, the transformative office and retail development it is putting up by the Morristown train station.
On Thursday, it announced it has topped off the first of two buildings it is developing in partnership with Scotto Properties.
SJP CEO Steve Pozycki said he is thrilled the site is progressing quickly. The groundbreaking was Nov. 13.
”Each day, we are getting closer to delivering a future workplace that will attract leading-edge companies to Morristown’s downtown, invigorating area businesses and activating the streets during the daytime,” Pozycki said. “In just six months since breaking ground, we’ve reached the full height of M Station East and are tracking quickly toward additional milestones as our vision for this important development comes to fruition.”
Pozycki said he’s hopeful that Deloitte, which will be the anchor tenant of the building called M Station East, will move in before the end of the year.
“We’re making exceptional progress on our development plan, thanks to our talented team and the support of Morristown’s leadership,” Pozycki said. “We look forward to completing interior construction on M Station East and welcoming Deloitte to its new home later this year.”
Designed by global architecture firm Gensler in close collaboration with SJP Properties, M Station is a key linchpin connecting the Morristown Train Station to the center of Morristown’s downtown.
SJP feels the state-of-the-art development is strongly positioned to draw companies that are seeking to attract next-generation talent to energized work environments that offer access to the outdoors and are situated in amenity-rich locations. At M Station, tenants and their employees are steps from numerous dining, shopping, hotel, fitness, and arts and entertainment options that come together to create a seamless work-life experience.
M Station’s first building is six stories high and will total approximately 120,000 square feet, including 10,000 square feet of premier first-floor retail space, as well as the lobby and building services area.
It will be home to leading professional services firm Deloitte, which signed a lease for 110,000 square feet to occupy all of the building’s office space, with plans to relocate its operations from Parsippany to Morristown in the third quarter of this year.
The development’s second building, M Station West, will total 253,000 square feet of office and retail space across seven stories. Construction on M Station West will commence upon the signing of an anchor tenant to occupy at least one full floor within the building. SJP is currently marketing available office and retail leasing opportunities for M Station in partnership with Cushman & Wakefield, the development’s exclusive leasing agent.
Designed to achieve LEED certification, M Station’s two buildings will be bridged by a 1,000-car parking structure that will be constructed in two phases and include public parking for the development’s on-site retail. To enhance the pedestrian experience, the two buildings will be set back from Morris Street a generous 45 feet to create a landscaped pedestrian promenade and two public plazas with seating, improving the area’s walkability, particularly between the nearby New Jersey Transit station and the Morristown Green, making it safer for both drivers and pedestrians.
For more information about M Station, please click here.
