A joint venture will set out to connect two pieces of the Morris Corporate Center property in Parsippany, creating what it says is a campus that can support a tenant requirement of more than 500,000 square feet.
With an in-house, full-service construction team — an asset that is increasingly rare among developers — SJP Properties is being both aggressive and creative in keeping its pipeline full in New Jersey. That means everything from third-party development work to joint ventures and acquisitions that could pave the way for new projects.
Commercial real estate firms in recent years have grappled with finding young talent to help fortify their ranks for years to come. But Steve Pozycki believes the long-term stability of SJP Properties has helped it attract the next generation of executives.
In addition to searching for new development opportunities, SJP Properties is focused on ensuring that its existing buildings stay at the top of the market.
Accounting and advisory giant Ernst & Young LLP has opened the doors to its new 170,000-square-foot office and learning center in Hoboken, where it is among the largest tenants at SJP Properties’ waterfront business campus.
SJP Properties and Life Time, the national fitness operator, have unveiled plans for what they say will be a first-of-its-kind health and entertainment complex at a Bridgewater office campus.
SJP Properties and Mack-Cali Realty Corp. have unveiled the new design for their planned 1.2 million-square-foot office tower in Jersey City, touting it as “a new archetype” for the modern workplace and what will be the state’s most technologically advanced commercial building.
SJP Properties has sold a parcel within its five-building office campus in Bridgewater, paving the way for the development of a new high-end Marriott hotel and Zinburger Wine & Burger Bar.