SJP Properties, in partnership with Scotto Properties, broke ground on M Station West, the second phase of M Station — a development comprising two high-performance office buildings in downtown Morristown. M Station West will serve as the new flagship New Jersey location for Sanofi, the Paris-based global healthcare company. Sanofi is expected to bring more than 1,900 professionals to the area following its planned occupancy in Q1 2025.
“M Station West’s groundbreaking represents a landmark achievement for our company — one that further cements Morristown’s reputation as a revitalized suburban hub and destination for leading 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 retailers, who are the lifeblood of the town’s economy.”
SJP employed global architecture 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 office 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.
“We are thrilled to welcome Sanofi’s forthcoming New Jersey flagship to Morristown,” said Mayor Dougherty. “This strategic relocation will bring nearly 2,000 talented professionals to our celebrated downtown, continuing the positive economic ripple effect created by the arrivals of Deloitte and Valley Bank. As our new neighbors settle into M Station, they will undoubtedly become active members of this vibrant, transit-oriented community.”
The completed first phase of the project, M Station East, rises six stories and totals 120,000 square feet. 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 Morristown’s most significant commercial development in over 30 years and is poised to invigorate the downtown area, attracting high-quality commercial tenants that will support neighborhood retailers and restaurants.
In addition to M Station, SJP and Scotto broke ground last year on a new 120,000 square foot office building along Speedwell Avenue that will be home to Valley Bank’s new headquarters. The building is expected to be completed in mid-2023.
Article courtesy of NJ Business Magazine.