6C — July 2023 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Sanofi selects Morristown mixed-use development as its flagship New Jersey location SJP Properties and Scotto Properties celebrate groundbreaking for 2nd Phase of M Station
M ORRISTOWN, NJ — SJP Properties , in partnership with Scotto Properties broke ground on M Station West, the second phase of M Station — the transformative mixed-use development comprising two high-performance office and re - tail buildings in Downtown Mor- ristown. M Station West will serve as the new flagship New Jersey 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 ground- breaking represents a land- mark achievement for our company — one that further cements Morristown's reputa- tion as a revitalized suburban hub and destination for lead- ing 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 retail- ers, who are the lifeblood of the town’s economy.” SJP employed global archi- tecture 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 of- fice 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 phas- es. 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, im- proving the area’s walkability, particularly between the nearby NJ TRANSIT station and The Morristown Green. “We are thrilled to welcome Sanofi’s forthcoming New Jer - sey flagship to Morristown," said Mayor Dougherty. “This strategic relocation will bring nearly 2,000 talented profes- sionals to our celebrated down- town, continuing the positive economic ripple effect created by the arrivals of Deloitte and Valley Bank. As our new neigh- bors settle into M Station, they will undoubtedly become ac- tive members of this vibrant, transit-oriented community." The completed first phase of the project, M Station East, rises six stories and totals 120,000 s/f. 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 Morris- town’s most significant com- mercial development in over 30 years and is poised to invigorate the downtown area, attracting high-quality commercial ten- ants that will support neighbor- hood retailers and restaurants, while delivering new retail op- tions and critical infrastructure improvements. MAREJ
M Station West
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