Representatives of SJP Properties, Scotto Properties, Cushman & Wakefield and others recently celebrated the completion of the core and shell and the turnover of five floors of office space at M Station East in Morristown, the future home of Deloitte LLP. — Courtesy: SJP
By Joshua Burd
SJP Properties and Scotto Properties have completed the core and shell of a new building in Morristown that will house 110,000 square feet of office space for Deloitte LLP.
Known as M Station East, the structure is the first piece of a new mixed-use complex along Morris Street between Lafayette Avenue and Spring Street in the acclaimed downtown. The accounting and professional services giant is set to move to the location from Parsippany as soon as the third quarter of 2022, which the developers highlighted last week as they unveiled the five floors of office space.
”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, SJP’s senior vice president for leasing and 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.”
M Station East is the first of two phases at the property, which occupies the former site of Scotto’s Midtown Shopping Center. After announcing the lease with Deloitte in early 2020, SJP and Scotto broke ground later that year and topped out the Gensler-designed building this past spring.
The development’s second building, M Station West, will total 253,000 square feet of office and retail space across seven stories that SJP is now marketing alongside Cushman & Wakefield and Newmark Group, which serve as the office and retail leasing agents, respectively. They hope to attract tenants seeking space in a downtown that is among the state’s most popular but has grappled with a lack high-end office product.
M Station’s two buildings will be bridged by a 1,000-car parking structure that will be erected in two phases and include public parking for the on-site retail section, according to a news release. To enhance the pedestrian experience, the two buildings will be set back 45 feet from Morris Street to create a landscaped pedestrian promenade and two public plazas with seating.
When complete, the development will connect the downtown to NJ Transit’s Morristown station. Occupants of the new building will be steps from a host of restaurants, shops and park spaces such as The Morristown Green.
SJP, Scotto top out first of two buildings at M Station project in Morristown