SJP Properties, Scotto Properties Complete Turnover of Office Floors in Morristown

Joint venture unveils construction progress on first of two office buildings in advance of Deloitte’s forthcoming occupancy

On Dec 17, 2021

SJP Properties, in partnership with Scotto Properties, announced the completion of the five floors of office space within M Station East — the first of two buildings that will comprise M Station, a transformative headquarters-quality office and retail development in downtown Morristown. M Station East topped out in April 2021 following its November 2020 groundbreaking, and is now completely enclosed with its core and shell complete.

SJP and Scotto hosted a party on Wednesday evening to celebrate the building’s progress and showcase it as the first completed phase of the project. Professional services firm Deloitte, which signed a lease for 110,000 square feet to occupy all of M Station East’s office space, will relocate its operations from Parsippany to Morristown in Q3 of 2022.

”Hosting this event at M Station East was pretty special since the project has been years in the making, and now the town and brokerage community finally have the opportunity to actually experience the asset firsthand,” said Alexander Erdos, senior vice president – Leasing & Marketing at SJP Properties. “M Station East is the first piece of this puzzle and it’s already having a transformative effect on the area – there is simply no comparable product in the New Jersey suburbs. With its floor-to-ceiling glass and impeccable finishes, this development is more akin to a headquarters space that you would find in Manhattan — but also features the added benefits of expansive usable outdoor space and the vibrancy of downtown Morristown.”

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 celebrated downtown. Currently under construction, M Station East 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. The development’s second building, M Station West, will total 253,000 square feet of office and retail space across seven stories. SJP is currently marketing available office and retail leasing opportunities for M Station in partnership with Cushman & Wakefield, the development’s exclusive office leasing agent, and with Newmark Group, which is serving as the retail leasing agent.

The long-anticipated 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 just steps from numerous dining, shopping, hotel, fitness, and arts and entertainment options that come together to create a seamless work-life experience and afford a multimodal commute.

M Station’s two buildings are designed to achieve LEED certification, and 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 a generous 45 feet from Morris Street 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.

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