Real Estate
M Station Morristown Redevelopment Is One Step Closer To Completion
The first of two buildings has been completely enclosed, readying the office space to be fully occupied by the third quarter of 2022.
MORRISTOWN, NJ — The developers of M Station — a major Morristown redevelopment project — marked a milestone last week. The first of two buildings has been completely enclosed with its core and shell complete, readying the office space to be fully occupied by the third quarter of 2022.
SJP Properties and Scotto Properties broke ground on the building — M Station East — in November 2020. Professional services firm Deloitte signed a lease to occupy all five floors and will relocate from Parsippany next year.
M Station will replace the Midtown Shopping Center strip mall and parking lot by the Morristown Train Station. The property will feature two buildings, a 1,000-car parking garage and retail.
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“M Station East is the first piece of this puzzle and it's already having a transformative effect on the area," said Alexander Erdos, SJP's senior vice president of leasing and marketing. "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 will be six stories high and will total 120,000 square feet, including 10,000 square feet of first-floor retail space, a lobby and building services area. The development's second building — M Station West — will total 253,000 square feet of office and retail space across seven stories.
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SJP is currently marketing available office and retail leasing opportunities for M Station in partnership with Cushman & Wakefield, the development’s exclusive office leasing agent, and with Newmark Group, which is serving as the retail leasing agent.
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