SJP Properties announced the formation of SJP Project Solutions, a division of SJP that extends the full breadth of the company’s in-house development and construction management capabilities to projects outside of the SJP investment portfolio.
Leveraging SJP’s more than 30 years of experience as a preeminent developer of Class A commercial and luxury residential properties, SJP Project Solutions will bring a highly experienced owner’s perspective to executing a full range of project types on behalf of other owners, developers and corporate tenants. Target projects include build-to-suit and master-planned office properties; interior office fit-outs; luxury residential high-rises; mixed-use developments; and turnkey lab and R&D facilities.
“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,” stated Steven J. Pozycki, CEO of SJP Properties. “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. We keep the needs of our clients squarely in focus, and foster a transparent process that affords them full control.”
The SJP Project Solutions team is overseen by Executive Vice President Peter Bronsnick and Senior Vice President Andrew Natale. Bronsnick, who has over 15 years experience in commercial real estate, joined SJP in 2012 and is responsible for managing the company’s relationships with the brokerage, corporate tenant and project stakeholder communities, as well as coordinating in-house teams and third-party professionals. Natale brings more than 15 years of construction and development experience to his role, having completed more than two million square feet of construction projects for a prestigious list of global corporations since joining SJP in 2014.
“Our experience as an owner means that we view our clients’ real estate as an asset, with a proven track record of effectively value engineering projects without sacrificing exceptional design and quality,” stated Bronsnick. “That perspective only comes from having spent years fine-tuning our approach to achieve excellence, regardless of the challenges inherent to completing complex projects.”
Due to SJP’s unique vertically integrated structure, the company’s team is able to execute at every stage of a project’s lifecycle, from scheduling and budgeting, assembling design professionals, managing the design and pre-construction phases, quarterbacking specialty bidding and awards, and serving as construction manager. The team’s end-to-end approach encompasses master planning, pre-development, design development, site development, and core and shell construction.
SJP has been responsible for the development of more than 25 million square feet of properties. Third-party assignments in SJP’s portfolio include the 750,000-square-foot global headquarters for Prudential Investment in Newark, the 337,000-square-foot, LEED-Gold-Certified North American headquarters for Panasonic, also in Newark; and the two-million-square-foot repositioning of Mack-Cali Realty Corp.’s Harborside Plaza 1, 2 and 3 in Jersey City.
With an unparalleled understanding of the needs of today’s corporate tenants, the SJP team has also overseen millions of square feet of modern corporate interior fit-out projects on behalf of a prestigious list of global companies. Projects include serving as the construction manager for Jet.com’s headquarters office and EY’s state-of-the-art office and learning center, both in Hoboken, and managing the build out of E*Trade’s offices at SJP’s flagship Manhattan commercial tower, 11 Times Square.Related Articles: