The state’s commercial real estate sector renewed its support of the United Way of Northern New Jersey, raising more than $250,000 in a program that showcased plans to transform Newark’s flagship office complex, while recognizing a top broker with JLL.
The first phase of a new high-end office and retail development in downtown Morristown is on track to open later this year after recently reaching a construction milestone.
SJP Properties and Scotto Properties have broken ground on the first of two office and retail buildings in Morristown, the future home of Deloitte LLP, in a project that will transform another piece of the town’s bustling central business district.
A development that will transform a stretch of downtown Morristown — bringing 340,000 square feet of high-end office space and new public plazas — is set to break ground in the coming months after securing final approvals from the municipality.
New Jersey’s office market saw two major leases and a pair of blockbuster sales in the first quarter, headlining an active start to the year before the onset of the coronavirus crisis.
Morristown has become one of New Jersey’s premier transit-oriented areas situated within a unique urban/suburban setting. Morristown’s 24/7 vibrant downtown is defined by its walkable and rapidly growing retail and residential developments. The heart of the commercial corridor surrounds the Morristown Green, a two-and-a-half-acre park that is bordered by upscale housing, office towers along with many restaurants and shopping options, attracting a high concentration of millennials.