Page 18 - RE-NJ

16 JUNE 2025
Image by Connie Zhou © 2025 Gensler/Courtesy: Sanofi
Sa Sa Sa Sa a Sa Sa a Sa a Sa Sa Sa Sa S o o o do do do do o d d do do own wn wn wn wn wn w w at S S S S S S S S S S S SJP JP JP JP P P P JP P JP JP JP JP JP J pr pr p p j oj ojec ect t no no no no o o o o o o ofi fi fi fi fi fi fi fi fi fi fi fi’s ’s ’s ’s ’s s s s s s n n n n n n n n n n n n new ew ew ew ew ew ew ew ew ew ew ew w ew fl fl fl fl fl fl ag g gs gshi hi hi hi hi hi h h hi hi hi h p p p p p p p of of of o of f ffi fi fice c ce ce ce c c i in n n n n n n
to to to to to to to town wn wn wn wn w w M M Mor o or or o o orri ri i ri ris st st st st s st s ow w wn n n n n ha ha ha a ha ha a ha a has s s s s s s op op op op op op op op op p pen en en en en en ened ed ed d d ed ed e e ed d
P P P P P P P P P P P Pro ro ro ro ro ro ro ro ro rope pe pe pe pe pe pe pe pe pert rt rt rt rt rt rtie i ie ie ie ie ie ies’ ’ s’ s’ s’ s s s s M M M M M M M M S S S S S S S S Sta ta ta ta ta ta t tati ti ti i tion on on W W W W Wes es est t t
on on M M Mor or or o orri ri ri ris s s s s St St St St St Stre re re re reet et t et et t. . .
ON THE RADAR
Morristown, home of Sanofi ’s new fl agship offi ce,
remains front and center as companies vie for talent
by transforming their real estate
W ith the opening of Sanofi ’s
new fl agship offi ce,
Morristown has welcomed
its third blue-chip corporation in a
new ground-up offi ce building in less
than three years.
The common thread isn’t just SJP
Properties, the esteemed developer
behind each project, but the crucial
workplace trends that seem all but
indisputable in today’s environment.
“I think any companies that really
care about their employees and
about productivity — and want to
see their companies advance — they
have to get people excited about
coming back
to work …
excited about
learning and
excited about
recruiting,” said
Steve Pozycki,
SJP Properties’
founder and
Steve Pozycki
CEO. “If you
can do all those things, there’s no
company that’s going to compete
with you. And if you don’t do those
kinds of things, you’re going to be
left behind.”
By Joshua Burd
Sanofi is the latest and clearest
example of that. The Paris-based
health care giant opened its new
$130 million, 260,000-square-foot
offi ce on Morris Street in late March,
occupying the west building in SJP’s
mixed-use M Station complex. Nearly
2,000 employees are now set to
occupy the vibrant, resort-like space
that has everything from an on-site
primary care clinic to a 17,000-square-
foot landscaped rooftop and perks
such as fully subsidized mass transit
— all steps from the Morristown train
station and in one of the state’s most
coveted downtowns.
“Sanofi is in the process of increasing
its in-offi ce presence, and I would tell
you that this offi ce has seen above-
anticipated levels of participation,”
said Ashley Gross, the company’s vice
president of global real estate. “And
we’re roughly 60 days in now and it’s
continuing in that way. So we think
that’s a good fi rst indicator for us
here.”
“People want to be here,” Meaghan
Hollywood, associate director for
North America real estate operations
with Sanofi , added in late May during
a tour of the Gensler-designed space.