info@sjpproperties.com 212-335-2200
Your Real Estate Partners in the New York Metro Area
Our deep market knowledge and
long-term relationships are a result of our
local focus
and commitment to the New York Metro area.
We are entrepreneurial and
responsive
to the changing demands of our tenants’
and clients’ businesses.
Our fully-integrated team of seasoned
and creative professionals have a shared
passion
for the entire development process.
We refine every
detail
to achieve the highest quality in our buildings
and make the best use of each site.
We are obsessively
client
driven
and manage the quality of experience from
pre-construction through property management.
We continually explore
innovative
technologies to provide healthy, efficient and
sustainable places to live and work.
After 30 years in business, we still have a perfect
track record
creating long-standing relationships with highly satisfied investors, clients, tenants and communities.

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of Class A commercial and luxury residential developments in the New York Metropolitan region.

$5
billion
of Equity Invested
$1.3
billion
in Development
25
million
Square Feet Developed
4
LEED-Certified
Green Buildings
20
Buildings
Under Management
30+
Years
Serving the New York Metro Area

At SJP Properties, our mission is to employ a deep understanding of the development process and capital markets to create dynamic commercial, residential and mixed-use environments of the absolute highest quality. In our more than 30-year history, we have learned that this can only be accomplished through intense and sustained collaboration with project partners and stakeholders.

To be sure, we view every project stakeholder – from municipal officials and the local communities in which we develop, to our institutional investors, contractors and ultimately our tenants and residents – as our partners. It is because of this approach that we have been rewarded with continued growth and a reputation for excellence.

As we work to foster the next generation of professionals within our organization, we will continue to instill a philosophy that truly great places can only be built with a thoughtful eye for the greater impact they have today, and into the future.

Steven J. Pozycki
Founder, Chairman and CEO

The following is a partial list of financial partners, build-to-suit clients, tenants and municipalities we have worked with.

Financial partners
Build-to-suit Clients
Tenants
Municipalities
New York City, NY
Hoboken, NJ
Jersey City, NJ
Newark, NJ
Bridgewater, NJ
Parsippany, NJ
Woodbridge, NJ
Princeton, NJ
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Eleven Times Square
New York, NY
  • 1,100,000 sq. ft.
  • Commercial Office
  • Completed 2010

As Midtown Manhattan’s most advanced commercial building, Eleven Times Square incorporates state-of-the-art technology and building systems to create an optimal work environment in one of the world’s leading transit hub locations. The LEED Gold-certified office and retail building is located on Eighth Avenue directly across from the Port Authority Bus Terminal. A minimum of 9'6" floor-to-ceiling glass provides unobstructed views of the Hudson River, Times Square and Midtown Manhattan. The sophisticated design allows for prominent exterior building signage and extensive roof terracing on several floors. Eleven Times Square was developed in partnership with Prudential Real Estate Investors and has attracted a diverse base of world-class tenants, including Proskauer, Microsoft, e-Marketer, Bank of America, Ulink and Answers.com.

eleventimessquare.com

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The Modern
Fort Lee, NJ
  • 900 units
  • Residential
  • 47 stories
  • Completed 2014

As the centerpiece of the enhanced downtown district in Fort Lee, The Modern will be comprised of two identical glass towers, the first of which began leasing in September of 2014, each containing 450 luxury rental residences and offering breathtaking views of the George Washington Bridge, Manhattan and the Hudson River. Each tower has an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities, with features and services never before available. Designed by the highly acclaimed architecture firm, Elkus Manfredi Architects, the towers overlook a nearly two-acre park created by SJP. Funded in partnership with Prudential Real Estate Investors and Northwestern Mutual Life Insurance Company, The Modern has since become the catalyst for the revitalization of the borough’s downtown.

rentthemodern.com

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Prudential Investment
Newark, NJ
  • 750,000 sq. ft.
  • Build-to-suit
  • Under Construction

Situated in downtown Newark, Prudential Investment’s new headquarters is a continuation of SJP’s track record in the construction of high-performance, build-to-suit commercial properties. The project’s first phase encompasses a 750,000-square-foot Class A office building that is currently under construction and is designed to achieve LEED certification. SJP is serving as the build-to-suit developer and project manager on behalf of Prudential, overseeing all aspects of the project from approvals through move-in. A second office tower is also approved, with total potential development on the site of up to 1.5 million square feet.

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Two Riverfront Plaza
Newark, NJ
  • 337,000 sq. ft.
  • Build-to-suit
  • Completed 2013

The first new office building to be constructed in Newark’s downtown in more than 20 years, Two Riverfront Plaza serves as the headquarters for Panasonic Corporation of North America. The Class A tower is situated one block from Newark Penn Station, which features Amtrak and NJ TRANSIT rail service, and has achieved LEED Gold certification for new construction and LEED Platinum certification for commercial interiors. Panasonic occupies 10 of the tower’s 12 stories, with floors three and four currently available in their entirety, consisting of approximately 29,000 square feet each. The tower features a two-story glass lobby, a full-service cafeteria, access to a parking garage below the building and 24/7 manned security.

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Waterfront Corporate Center III
Hoboken, NJ
  • 520,000 sq. ft.
  • Commercial Office
  • Completed 2014

Waterfront Corporate Center III is the third and final building within SJP’s 1.5 million-square-foot, mixed-use waterfront complex. A partnership with USAA Real Estate Company, the Class A office and retail tower was designed to achieve LEED Silver certification and features floor-to-ceiling glass windows with unobstructed New York City and Hudson River views. Pearson will occupy more than 200,000 square feet as the building’s lead tenant. Currently 275,000 square feet on floors 7 – 14 are available, as well as 25,000 square feet of ground-level retail space. Waterfront Corporate Center is surrounded by Hoboken’s acclaimed restaurants and shops, adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

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Platinum
New York, NY
  • 220 units
  • Luxury Condo
  • 43 stories
  • Completed 2008

Platinum is a striking 43-story glass tower containing 220 luxury residences, ground-level retail and a 103-car subsurface parking garage. The building’s unique exterior and interior design – highlighted by a 26-foot-long lobby fireplace, floor-to-ceiling windows and exotic finishes – has been highly praised by residents and critics alike. Located at Eighth Avenue and 46th Street, Platinum was the first development project in New York City to employ floating air rights within the theatre district of Manhattan.

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45 Park Avenue
New York, NY
  • 106 units
  • Luxury Condo
  • 22 stories
  • Completed 2007

A ground-up residential building situated in the Murray Hill section of Manhattan, 45 Park Avenue comprises 105 distinctive, luxury condominium residences. The contextual design of the building earned a host of awards, including recognition as “The Best Residential Building in New York” by McGraw-Hill Publications. The building’s unique design combines the elegance of Juliet balconies with brick, limestone and glass to offer condominium purchasers the finest residences in the area, and resulting in the achievement of prices that exceeded nearby new residential product by more than 30 percent. The building was 100 percent sold out prior to completion, and was one of Prudential Real Estate Investors’ most successful real estate investments.

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Somerset Corporate Center
Bridgewater, NJ
  • 1.25M sq. ft.
  • Build-to-suit
  • Completed 2001

Somerset Corporate Center is a master-planned, Class A office center located within one of the country’s strongest labor pools for the pharmaceutical and technology sectors. The center comprises five existing buildings totaling 1.5 million square feet that are situated around a 15-acre central park. The center is also approved for a to-be-developed, 250,000-square-foot, build-to-suit office building. The property’s unique configuration affords access in all directions via Routes 202/206 and 22, as well as Interstates 287 and 78. Tenants include Valeant Pharmaceuticals, Merrill Lynch, Actavis, Cognizant Technologies, Aon Hewitt and Qualcomm. Featured amenities include shuttle service to the NJ TRANSIT train station, proximity to Bridgewater Commons, state-of-the-art conference facility, fitness centers and cafes.

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95 Greene Street
Jersey City, NJ
  • 300,000 sq. ft.
  • Commercial Office
  • Redeveloped 2000

A former Colgate-Palmolive toothpaste factory, 95 Greene Street was acquired by SJP in partnership with Prudential Real Estate Investors and was subsequently transformed into a Class A office and retail building in just 10 months. Stripping the building down to its concrete structure, SJP repositioned the property’s core; installed new mechanical, electrical and fire protection systems; and converted the basement into parking for more than 130 cars. The building is a standout in an area of downtown Jersey City dubbed “Wall Street West” for its concentration of high-caliber financial firms. Merrill Lynch is the property’s anchor tenant.

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Metropark Corporate Center
Iselin, NJ
  • 300,000 sq. ft.
  • Proposed Office

Located in the prestigious Metropark office campus – consistently, one of the most desirable corporate office destinations in Northern New Jersey – the fully approved Metropark Corporate Center is planned as a LEED Silver-certified, 10-story, 300,000-square-foot office development, featuring a five-level parking garage. The property is situated at the intersection of Wood Avenue South and Middlesex-Essex Turnpike, directly across from the Metropark train station, which provides Amtrak and NJ TRANSIT rail service. Directly accessed by Exits 131, 131A and 131B of the Garden State Parkway, the site is 15 miles from Newark International Airport. The project’s corporate neighbors include The Prudential Insurance Company, Siemens Corporation, Ernst & Young and Cisco Systems, among others.

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Waterfront Corporate Center I & II
Hoboken, NJ
  • 1,100,000 sq. ft.
  • Completed 2003

Offering spectacular views of the Manhattan skyline, Waterfront Corporate Center I & II comprise 934,000 square feet of world-class office space and ground-level retail along Hoboken’s master-planned, mixed-use waterfront. The project was developed as part of a public/private joint venture among the Port Authority of New York and New Jersey, the City of Hoboken and SJP Properties. Located in the heart of the city’s vibrant, 24-hour downtown, the complex affords tenants access to a number of amenities, as well as the Hoboken Terminal, the largest intermodal transit facility in New Jersey. Several high-caliber corporations call the complex home, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma.

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Morris Corporate Center I & II
Parsippany, NJ
  • 560,000 sq. ft.
  • Office
  • Completed 1986

The first two Class A office buildings within SJP’s signature Morris Corporate Center development were completed in 1986. As a testament to the speculative project’s success in the marketplace, SJP secured tenant commitments for 98 percent of the development’s initial 560,000 square feet within 12 months of shell completion. The property is strategically situated at a four-way interchange off I-80 in Parsippany – less than a mile from the intersection of I-287 and Routes 46 and 202. Current tenants include Anheuser-Busch, BP/Amoco, Oracle Corporation, Mutual of America, Towers Perrin and SAP America, Inc., among numerous other leading corporations such as Farmers Insurance, Zurich NA, Icap, IPSOS, PHP Pharmaceuticals.

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Morris Corporate Center III
Parsippany, NJ
  • 580,000 sq. ft.
  • Office

Morris Corporate Center III – the third phase of SJP’s master-planned office park – totals 580,000 square feet within four, 4-story buildings of similar size. A four-story atrium connects two of the buildings, creating more than 300,000 square feet of contiguous space. The property is highlighted by a dynamic architectural design with richly appointed interior finishes, polished granite and a reflective glass exterior. Numerous restaurants, hotels, services and recreational and entertainment opportunities are located in the area, which is regarded as one of the region’s foremost business destinations. Major tenants include Mercedes-Benz North America, Actavis, and Sybase.

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Morris Corporate Center IV
Parsippany, NJ
  • 700,000 sq. ft.
  • Office
  • Completed 1999

SJP completed Phase One of Morris Corporate Center IV in 1999, within 12 months of beginning construction. The 350,000-square-foot, headquarters-quality office building was then fully leased to Aventis Pharma. In 2000, SJP completed Phase Two, an adjoining 350,000-square-foot building. Prior to completion of Phase Two, Degussa-Huls pre-leased 135,000 square feet for its new North American headquarters, which was followed by a 113,000-square-foot lease by Pfizer at the facility in November 2003. Morris Corporate Center IV features the highest quality materials and finishes and flexible and efficient floors, as well as structured and surface parking.

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Prudential Insurance Company
Iselin, NJ
  • 427,000 sq. ft.
  • Build-to-suit
  • Completed 1999

For The Prudential Insurance Company, SJP developed a build-to-suit office building in addition to a five-level, 2,500-car parking garage, working directly with both Prudential’s Corporate Real Estate Department and user groups to design a building for the company’s specialized uses. Amenities include an auditorium, full-service kitchen, conference center, data center and electronics labs. SJP directed the design and engineering teams to expedite drawings and documents through a complex site plan approval and building permit process. SJP also coordinated the traffic and off-site improvement processes with the Department of Transportation, the Highway Authority and Woodbridge Township. Construction began in the fall of 1998 and the facility was completed in November 1999.

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Tiffany Customer Fulfillment Center
Hanover Township, NJ
  • 266,000 sq. ft.
  • Build-to-suit
  • 39.7 acres

On a 39.7-acre site in Hanover Township, SJP Properties built one of the most sophisticated customer fulfillment centers in the world for Tiffany & Co. The building contains telephone and internet capabilities for 24-hour customer service, as well as a robotic storage and retrieval system manufactured in Europe that is used for immediate responses to customer needs. SJP provided comprehensive development services to Tiffany & Co., including site selection, pre-development consulting, pre-construction advising, project management during construction and acting as owner representative throughout the process.

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Morris Corporate Center V & VI
Parsippany, NJ
  • 650,000 sq. ft.
  • Four buildings

Located within the master-planned Morris Corporate Center office campus, this 47-acre site is fully approved for approximately 650,000 square feet of future development in total. Morris Corporate Center V and VI will make available 300,000 square feet and 350,000 square feet of Class A office space, respectively, achieving standards consistent with SJP's award-winning portfolio of best-in-class commercial development. The buildings will feature the highest-quality building materials and services, as well as elevations that afford views extending as far as New York City. The project, with an environmentally friendly design, will seek LEED Silver Certification.

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Morris Corporate Center VII
Parsippany, NJ
  • 140,000 sq. ft.

Situated within the master-planned Morris Corporate Center office campus, Morris Corporate Center VII is fully approved for approximately 140,000 square feet of future commercial development. The building will comprise the highest-quality Class A office space, reflective of SJP’s hallmark for high-performance commercial development. As with all of SJP’s signature developments, the building has been designed for energy efficiency, with plans to seek LEED Silver Certification.

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Mountain View Corporate Center
Bernards Township, NJ
  • 345,000 sq. ft.
  • Two buildings

SJP Properties and JP Morgan Asset Management have established a partnership in the planning and construction of two headquarters-quality office buildings totaling 345,000 square feet in the Mountain View Corporate Center. Situated in the heart of scenic Somerset County on 169 acres of lush woodlands, the campus sets a new standard for excellence in master-planned office environments for the 21st century. The buildings will provide state-of-the-art telecommunications infrastructure, a wide range of amenities and executive offices within a five-building campus discreetly nestled within the Watchung Mountains and directly accessible from exit 33 on Interstate 78.

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Peapack Residential
Peapack, NJ
  • 68 single-family homes

Peapack Residential is a to-be-built, luxury single-family residential community located on approximately 82 acres in the picturesque Borough of Peapack. Once developed, the community will comprise 68 new homes ranging from 3,750 to more than 4,000 square feet, featuring distinctive architecture consistent with the character and quality of the surrounding area. The community is designed to appeal to discerning buyers who are interested in moving out of their large estate homes into a maintenance-free lifestyle without compromising on space and quality. Every home will feature expansive dining rooms, large eat-in kitchens, elevators, spacious family rooms, master bedroom suites and two-car garages. Additionally, the homes will provide access to outdoor living space and patios from the lower level and upper-level walkout verandas, as well as elegantly landscaped surrounding space.

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Somerset Corporate Center VI
Bridgewater, NJ
  • 252,000 sq. ft.
  • Eight stories

SJP has secured all required state and local approvals for the sixth and final building within the company’s master-planned Somerset Corporate Center office park. The building will total 252,000 square feet of Class A office space within an 8-story structure, incorporating modern finishes and high-performance features consistent with the best-in-class standards set by the campuses’ existing buildings. The development, with an environmentally friendly design, will seek LEED Silver Certification.

Eleven Times Square
New York, New York
[   details   ]
Prudential Investment
Newark, New Jersey
[   details   ]
Two Riverfront Plaza
Newark, New Jersey
[   details   ]
Waterfront Corporate Center III
Hoboken, New Jersey
[   details   ]
The Modern
Fort Lee, New Jersey
[   details   ]
Platinum
New York, New York
[   details   ]
45 Park Avenue
New York, New York
[   details   ]
Somerset Corporate Center
Bridgewater, New Jersey
[   details   ]
95 Greene Street
Jersey City, New Jersey
[   details   ]
Metropark Corporate Center
Iselin, New Jersey
[   details   ]
Waterfront Corporate Center I & II
Hoboken, New Jersey
[   details   ]
Morris Corporate Center I & II
Parsippany, New Jersey
[   details   ]
Morris Corporate Center III
Parsippany, New Jersey
[   details   ]
Morris Corporate Center IV
Parsippany, New Jersey
[   details   ]
Prudential Insurance Company
Iselin, New Jersey
[   details   ]
Tiffany Customer Fulfillment Center
Hanover Township, New Jersey
[   details   ]

Residential

Commercial

101 Mettlers Road
Somerset, NJ
140 Allen Road
Liberty Corner, NJ
211 & 219 Mt. Airy Road
Basking Ridge, NJ
Bayer AG Consumer Health Products
Morristown, NJ
BMW at Woodcliff Lake
Woodcliff Lake, NJ
Crossroads Business Center
Bedminster, NJ
Deluxe Check Printers
Mountain Lakes, NJ
EBI Medical Systems
Parsippany, NJ
Englehard World Headquarters
Woodbridge, NJ
Ingersoll Rand Company
Annandale, NJ
Liberty Corner Corporate Center
Bernards Township, NJ
Montgomery Corporate Center
Upper Dublin, PA
Somerset Corporate Center I
Bridgewater, NJ
Somerset Corporate Center II
Bridgewater, NJ
The Commons
West Windsor, NJ
Tiffany Customer Service Center
Parsippany, NJ
Warren Corporate Center
Warren Township, NJ

Future Development

SJP has led the development of more than 25 million square feet of best-in-class commercial properties and thousands of luxury residential units. The company is highly experienced in managing all aspects of the development process, from site selection and entitlements, through coordination of tenant move-in for projects of all sizes.

“Steve Pozycki and the entire SJP Properties team are true visionaries that are not only able to see the maximum potential of each development opportunity, but have the experience, strength and market savvy to pull it off every time.”

Stephen B. Siegel
Chairman – Global Brokerage, CBRE

SJP’s 30-year history as the region’s preeminent build-to-suit developer is unrivaled. Reflecting the organization’s core competencies and start-to-finish execution capability, SJP has served as a single-source solution for some of the world’s leading corporations – including numerous Fortune 500 companies – to develop real estate strategies for ownership structure, site identification, design, scheduling, financing, construction and fit-out.

“A lot went into our decision to relocate our corporate headquarters to Newark, and the comfort of knowing that we had a world-class team in SJP Properties to deliver a technologically advanced building that would meet our needs now and into the future was certainly a key factor.”

Joseph M. Taylor
Chairman and Chief Executive Officer,
Panasonic Corporation of North America

SJP has earned a sterling reputation in the investment community, as reflected by the company’s strong relationships with some of the world’s leading global institutional investors and private partners. The company’s disciplined, market-responsive approach has solidified SJP as one of the most successful and financially stable development companies in the New York Metropolitan area.

“A developer’s track record is one of the most critical aspects of our decision to partner on a project, and SJP Properties’ continued ability to execute and outperform the market gives us the confidence we need to invest alongside them.”

Matt Ascher
Northwest Mutual Life

SJP extends the full breadth of its in-house capabilities to provide outside construction services, partnering with other owners, developers, corporations and institutions, to guide their projects from the drawing board through completion. Leveraging the strength of its experienced team, SJP has emerged as a first-class project management firm for third-party development projects.

“Our company’s relationship with the SJP Properties organization goes back decades, with co-investment on development projects well into the billions of dollars. So when it came time to choose a development partner to construct our own headquarters location, there really was no question that SJP would deliver.”

Rich Hummers
Prudential Financial

SJP’s renowned management style is predicated on one central principle: Premier tenant experience. The company has differentiated itself by offering more than high-performance buildings. SJP’s best-in-class amenities and ultra-responsive management professionals evoke a genuine sense of hotel-style service.

“Throughout every step of the process – from lease negotiations, through move-in and ongoing, daily management of our commercial space needs – SJP Properties has operated with a level of integrity, professionalism and responsiveness that is truly unmatched.”

Ron Sernau
Chairman of the Real Estate Department, Proskauer
Development
Build-to-Suit
Investment
Construction
Service Lines
Steven J. Pozycki
Founder, Chairman and CEO

Steven J. Pozycki is the founder, Chairman and CEO of SJP Properties. Mr. Pozycki personally assembled SJP and has since spearheaded the organization’s continued growth to become one of the most active and well-regarded real estate development companies in the New York Metropolitan region.

Prior to his founding SJP, Mr. Pozycki had 10 years of institutional experience in the real estate finance field, first with Metropolitan Life Insurance Co. and then with Equitable Life Assurance Society. He also previously opened a finance office for Lincoln Property Company in New York City that became the firm’s in-house investment banking operation.

In 1981, Mr. Pozycki acquired and began developing his first real estate project under SJP Properties, a 182-acre corporate park in Parsippany, NJ, known as Morris Corporate Center. Since that time, he and the SJP Properties team have successfully developed more than 25 million square feet of ground-up real estate projects in partnership with major public and private institutions.

Mr. Pozycki is a member of the Board of Trustees of Monmouth University and a member of the Executive Advisory Board of Monmouth University's Real Estate Institute, which has also honored him with its prestigious "Leadership Excellence Award." He is very active in a number of civic and charitable organizations, including serving as a member of the Council of Trustees of The New Jersey Performing Arts Center and as Chairman of the Development Committee for the Center for Civic Responsibility.

David R. Welch
Chief Financial Officer

David Welch has served as the Chief Financial Officer for SJP Properties since the company’s founding in 1981. He is responsible for managing all financial, investment and partnership activities, and is involved in all aspects of the company’s operations.

Mr. Welch has arranged the debt for all of SJP’s real estate projects, in addition to establishing the company’s equity joint ventures and overseeing the disposition of SJP’s commercial assets. Mr. Welch has also played an instrumental role in negotiations for major leases and tenant joint ventures throughout SJP’s portfolio.

Prior to joining SJP, Mr. Welch worked alongside SJP Properties’ Chairman and CEO Steven J. Pozycki at Equitable Life Insurance and Lincoln Property Company. He is a graduate of Indiana University with a B.A. in Business Administration with a concentration in real estate.

Allen F. Goldman
President, SJP Residential Properties

Allen Goldman is President and Principal of SJP Residential Properties. He has led the development of large scale, luxury residential rental and condominium projects in the New York Metropolitan area during the past twenty-five years. In partnership with major institutional investors, he has been responsible for the successful development of the 105 unit luxury condominiums at 45 Park Avenue and the 43 story Platinum condominium at 8th Avenue and 46th Street in Manhattan. In New Jersey, he has developed a number of major projects including Portside Towers in Jersey City, The Palisades in Fort Lee, The Shipyard in Hoboken and the redevelopment of Port Liberte in Jersey City. He is currently developing “The Modern” in Fort Lee – two 47 story luxury rental towers containing 900 units located adjacent to the George Washington Bridge, the first of which opened in the fall of 2014.

Allen is a graduate mechanical engineer from The City College of New York and holds an MBA from New York University. He is a member of The Board of Governors of The Real Estate Board of New York.

Jeffrey M. Schotz
Executive Vice President – Leasing and Marketing

Jeffrey Schotz joined SJP Properties in 2010 as Executive Vice President of Leasing and Marketing. In this role, Mr. Schotz is responsible for overseeing the leasing and marketing activities for SJP’s multi-million square-foot portfolio of Class A office buildings and build-to-suit properties in suburban New Jersey and New York City. Additionally, Mr. Schotz is responsible for all new business development and the coordination of all marketing activities for SJP's corporate brand, managing a team of in-house marketing and leasing professionals, as well as third-party public relations and advertising vendors.

During his distinguished 30-year career in commercial real estate, Mr. Schotz has held positions with some of the region's leading real estate firms, including The Mack Company (now Mack-Cali), where he was a partner in charge of leasing, and Alfred Sanzari Enterprises, where he began his career. Mr. Schotz has been involved in the leasing of more than 20 million square feet of transactions with a number of the world's premier corporations, including AT&T, CBS, D&B, Toys-R-Us, Allstate Insurance, Pepsi-Cola and Mutual of New York. In addition, Mr. Schotz has previously led two of New Jersey's leading commercial real estate brokerage firms: CBRE and Colliers International.

Mr. Schotz attended UCLA and is an active member of several of the real estate industry's foremost associations, including NAIOP, for which he sits on the Board of Directors and from who he was inducted into their Hall of Fame; the Commerce and Industry Association of New Jersey; and the Industrial Office Real Estate Brokers Association (IOREBA). Additionally, Mr. Schotz is involved in many philanthropic organizations, including the March of Dimes.

Doug Allen
Executive Vice President – Planning and Pre‑Construction

As Executive Vice President of Planning and Pre-Construction for SJP Properties, Doug Allen is responsible for all of the company’s pre-development and pre-construction programs across a multi-million-square-foot portfolio.

Mr. Allen joined SJP in 1986 with 12 years prior experience in construction management of commercial and healthcare facilities. His pre-development and pre-construction experience includes responsibility for supervising and coordinating the master planning, programming and design and approval of the process to ensure constructability, maximum value engineering and optimal layout efficiency.

Ed Marchese
Executive Vice President – Construction

Ed Marchese is the Executive Vice President of Construction for SJP Properties. In this role, Mr. Marchese oversees the construction procurement process, including bidding, purchasing and construction contracting, as well as overall construction management for SJP’s real estate developments, including $2-billion of active development projects.

Mr. Marchese has more than 25 years of experience specializing in both renovation and new tenant fit-out and base-building construction. He earned a B.S. in Architecture from the New York Institute of Technology and is responsible for the overall management of SJP’s Construction Department. His vast experience encompasses areas such as project management, from obtaining permits and certificates of occupancy, to budgeting and bidding, budget control, scheduling, construction coordination and quality control.

Loren Schonhaut
Corporate Controller / Asset Management

Loren Schonhaut joined SJP Properties in 1995 and is in charge of financial reporting, contract administration, compliance, tax and audit functions. He interfaces directly with lenders and investors. He oversees SJP’s accounting and financial reporting department. He is a Certified Public Accountant with over 25 years experience in both real estate and construction accounting. After graduating with honors from the State University of New York at Buffalo with an accounting degree, he went on to spend five years in public accounting, including two years with Laventhal & Horvath, CPA’s in New York City. He then joined a well-known New York Developer where he was responsible for the financial analysis and reporting requirements of a large portfolio of properties. At SJP, Loren oversees the accounting, cost reporting and financial analysis for our Property Management and Construction/ Engineering departments as well as the insurance program and supervises the financial reporting.

Enrique Alonso
Senior Vice President

Enrique Alonso is Senior Vice President with SJP Properties, and is responsible for business development, including sourcing and financing of investment and development opportunities in the New York City residential and commercial real estate markets. Mr. Alonso is also a member of SJP’s Marketing and Leasing team, which oversees SJP’s New York commercial portfolio, including 11 Times Square in Midtown Manhattan.

Prior to joining SJP, Mr. Alonso worked for CBRE in New York City, serving as an executive in the firm’s Global Corporate Services group. In that capacity, he advised clients on their global real estate strategies, including leasing, divestitures and acquisitions. Prior to launching his career in commercial real estate, Mr. Alonso was a management consultant with Bain and Company, where he advised clients across the world, as well as having served as a business development director with the National Basketball Association.

Mr. Alonso holds a Master of Business Administration from Stanford Graduate School of Business and a Bachelor of Arts degree from Amherst College.

Peter J. Bronsnick
Senior Vice President

As Senior Vice President at SJP Properties, Peter Bronsnick is responsible for new business development, acquisitions, leasing and marketing for SJP’s multi-million-square-foot New Jersey commercial portfolio. Mr. Bronsnick joined SJP in 2012 and has since completed in excess of 500,000 square feet of leases on behalf of the company. His responsibilities also include directing SJP’s property and construction management teams on tenant-related projects, preparing feasibility studies for prospective commercial and residential acquisitions, and overseeing the reporting process and operating budgets for SJP’s partners and asset managers.

Prior to joining SJP, Mr. Bronsnick served as Vice President with RXR Realty Corp. where he handled leasing and acquisitions for the company’s New Jersey portfolio. He also previously served as Leasing Director for Mack-Cali Realty Corp., where he managed leasing for the company’s 11 million-square-foot portfolio in New Jersey’s Bergen and Hudson counties. During his career, Mr. Bronsnick has completed transactions with many premier corporations, including Valeant Pharmaceuticals, BNY Mellon, Wells Fargo, Merrill Lynch, Sprint Mobile, Dish Network and Turner Construction.

Mr. Bronsnick holds a Bachelor's degree in Marketing from Michigan State University and a Master of Science in Real Estate from New York University.

Tony Tirri
Director of Property Managment

Tony joined SJP Properties in 2000 and has been overseeing the SJP Properties portfolio of over 10 million square feet. He is responsible for all property management staff for both commercial and residential properties. He has made substantial improvements to energy efficiency and waste stream reduction. He has overseen all system upgrades and capital improvements.

Prior to joining SJP Properties, he was Director of Facilities for Magnavox, where he managed approximately 2.5 million square feet of office and R&D/Production real estate. In this capacity, Tony oversaw the construction, budgeting, and maintenance throughout New Jersey. In addition, he had full responsibility for the day-to-day property management functions for all locations in New Jersey.

He holds a New Jersey State Real Estate License. He is also a member of BOMA (Building Owners and Managers Association).

He attended the University of Arizona and has more than thirty (30) years of management experience.

Grant Eula
Vice President – Design

Grant Eula is involved in the comprehensive review of a project’s construction design. In addition, he tracks shop drawings, bid packages, and contractors’ requests for information during the construction process.

A graduate of Pratt Institute with a degree in architecture, Grant has more then 30 years experience in architecture and construction. Prior to joining SJP, Grant was director of Major Projects for Western Electric, AT&T and Lucent Technologies where he managed the design and construction of over 20 million square feet of large scale new construction and renovation projects in the U.S., Europe and Asia. His experience includes the design and construction management of both investment grade and build-to-suit facilities including corporate headquarters, Class “A” office buildings, residential buildings, hotels, and high-tech R&D facilities. Grant’s expertise includes site evaluation, due diligence, zoning approvals, master planning, architectural programming, conceptual and detailed estimating, design and consultant coordination, subcontractor scope development, scheduling and procurement as well as construction project management.

Victor Cividini
Vice President – Construction

As a project manager, Victor has been cross-trained to perform all aspects of development including planning, coordination, budgeting, value engineering, constructability, scheduling, procurement, city permitting, administration, construction control, and marketing. He has 15 years of construction experience during which he demonstrated the integrity, experience, commitment to details, and leadership attributes necessary to ensure successful projects. He holds a BS in Civil Engineering from the University of Delaware. During his first 11 years at a NJ based contractor he developed a diverse project portfolio ranging from pharmaceutical labs, senior living facilities, commercial office buildings, to big box retail. In 2005 Victor joined SJP Residential Properties and immediately assisted in the management of the Staybridge Suites Hotel construction in Parsippany, NJ. Concurrently during this time he managed the on site development of 2 residential towers in Manhattan: 45 Park Avenue a 22 story, 105 unit luxury condominium residence building, and Platinum, a 43 story, 220 unit luxury condominium residence building on the west side of Manhattan. The combined project’s development cost managed by Victor was nearly $400 million.

Katherine Pozycki-Alonso
Vice President

As Vice President of SJP Residential, Katherine Pozycki’s responsibilities include developing neighborhood analysis and marketing data for SJP’s residential portfolio, as well as identifying development opportunities in the New York Metropolitan Area. Katherine is a licensed New York real estate broker and serves on several New York City condominium buildings’ boards, including Platinum, 45 Park and 325 West 13th Street. She is also an active member of the Association of Real Estate Women (AREW) and Professional Women in Construction.

Prior to joining SJP in 2008, Katherine served as an educator, teaching middle school math, science and special education at a Hoboken, New Jersey charter school.

Katherine holds a master’s of real estate development from the prestigious New York University and a dual master's in science of education and special education from Pace University.

Matthew R. Breeden
Senior Development Associate

Matthew Breeden is a Senior Development Associate with SJP Properties, and is responsible for business development, including sourcing residential and commercial development opportunities throughout New York City. Mr. Breeden is a part of SJP’s Finance and Acquisition team, and also oversees residential and commercial market trends around the Tri-State region.

Before he joined SJP in 2013, Mr. Breeden worked for Blesso Properties, where he oversaw the firm’s response to New York City’s request for proposal to develop a building of micro-unit apartments in Manhattan. He previously worked in accounting and property management for Breeden Homes in Eugene, Oregon.

Mr. Breeden holds a Master of Science in Real Estate Development from New York University’s Schack Institute of Real Estate and a Bachelor of Science in Business and Economics from Saint Mary’s College of California.

Executive Management

Leasing

Sheri Dietz
Executive Administrative Assistant
Pam MacDonald
Executive Associate

Construction

John Nolan
Vice President – Construction
James Danner
Senior Project Manager
Brian Wedlick
Project Manager
Michael Sorensen
Project Manager
Chris Pastore
Project Manager
Andrew Natale
Project Manager
Cindy Schottanes
Project Engineer
Edyta Espasa
Special Projects Consultant
Karen Fernandez
Executive Administrative Assistant
Linda Stevens
Executive Administrative Assistant
Ellen vanAmstel-Oates
Executive Administrative Assistant

Finance and Acquisitions

Arriann Weiss
Executive Administrative Assistant

Property Management

Ted Sienicki
Manager of Real Estate Services
Gary Oravsky
Regional Property Manager
Chris Heintz
Property Manager
Matt Heintz
Property Manager
Cliff Raison
General Manager, Eleven Times Square
Maria Morillo
Assistant General Manager, Eleven Times Square
Jerry Rosado
Property Manager
Phil Picazio
Property Manager
Reece Bigger
Property Manager
Laura Noel
Assistant to Property Management
Sustainability

SJP is highly regarded as one of the foremost developers of green buildings in the New York Metropolitan region. In 2007, the Company committed to seeking LEED certification from the U.S. Green Building Council for all of its future commercial development projects. To date, Eleven Times Square in Manhattan and Two Riverfront Plaza in Newark have both received a LEED Gold designation, while several other buildings have been designed to achieve a minimum of a LEED Silver certification.

Additionally, SJP has recently instituted new programs to reduce waste and increase efficiency, including a company-wide waste management program, and an energy upgrade and monitoring initiative that has helped to reduce overall energy consumption across its portfolio by nearly 36%.

Monmouth University’s Pozycki Hall
To foster the next generation of great business and real estate leaders, SJP is currently developing a 20,000-square-foot addition to Monmouth University’s Bey Hall, which will support the growing needs of the university’s Leon Hess Business School and Kislak Real Estate Institute. Pozycki Hall, which is being donated to the university by SJP Properties’ founder and Monmouth University Board of Trustees member Steven J. Pozycki, will offer state-of-the-art facilities, including four general-purpose classrooms, a 170-seat auditorium, eight faculty offices and a student lounge.

Philanthropic Support

SJP contributes to numerous philanthropic, non-profit and civic organizations that provide important services to those who need it most. The company is proud to support a wide variety of worthwhile causes that work tirelessly to sustain and enhance the communities where SJP’s employees work and live.

SJP Properties Signs 40,000-Square-Foot Office Lease with Jet.com at Waterfront Corporate Center III
December 19, 2014  |  Press Release

E-Commerce Startup Establishes Headquarters in Class A Hoboken Business Complex

HOBOKEN, N.J. – SJP Properties today announced a new 40,000-square-foot office lease with Jet at Waterfront Corporate Center III, the third and final building within SJP’s high-performance, mixed-use business complex in Hoboken, N.J.  SJP recently completed construction on the 14-story, 500,000-square-foot building, designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail tower.  

Jet is the latest e-commerce venture led by Marc Lore, former CEO and co-founder of Diapers.com and parent company Quidsi. Jet, which promises to be the most brilliant way to shop online, is slated to launch in 2015. With headquarters at Waterfront Corporate Center III, the company will bring a significant number of new jobs to Hoboken.

Scott Peck, SIOR and Brian Wilson of Resource Realty represented Jet in the transaction; SJP was represented in-house. 

“To welcome such a dynamic, ambitious technology-based company to Waterfront Corporate Center III is truly exciting,” said Steven J. Pozycki, CEO of SJP Properties. “It is a testament to the world-class environment that we have created in one of America's great job centers, where companies can access the highest quality workspace within steps of transportation, entertainment and blossoming culture.”
 
“Hoboken was naturally the best location for our headquarters,” said Marc Lore, CEO of Jet. “The city’s growing tech scene and proximity to the amazing talent that the New York metro area offers makes this the prime location for our growing company. We’re very excited about not only our new office space, but also the opportunity to contribute to this community.”

Peck commented, “This space was a natural fit for Jet’s headquarters. Our team spent an extensive amount of time searching for a location that was a transit hub and could attract the talent needed for an e-commerce venture of this magnitude. The Waterfront Corporate Center in Hoboken quickly stood out as the perfect fit for Jet.”

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

Several high-caliber corporations call the Waterfront Corporate Center complex home, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma.

The complex houses an on-site, state-of-the-art fitness center, Crunch, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options.

Learning company Pearson will occupy 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company. 
 
SJP is currently marketing the building’s available office space, consisting of approximately 240,000 square feet. The building will also feature an underground parking garage to provide direct covered access parking, as well as prime ground-level retail space.
 
Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located features two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several developments under construction in New Jersey. In addition to Waterfront Corporate Center III, SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

SJP Properties Announces New Office Lease with Kent Beatty & Gordon at 11 Times Square
October 31, 2014  |  Press Release

Commercial Law Firm Joins Growing Roster of Diverse Tenants at LEED-Certified Class A Tower

NEW YORK CITY (October 31, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced it has signed a 6,964-square-foot lease with Kent Beatty & Gordon, LLP (KB&G) at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

KB&G, an AV® Preeminent™ law firm, specializes in commercial litigation, arbitration, general commercial counseling, transactional representation, corporate, hospitality, real estate, and entertainment law. The firm will relocate its New York offices from 425 Park Avenue, which is slated to be razed. Jesse Rubens, Partner, and Nick Gilman, Managing Director, of MHP Real Estate Services, represented KB&G in the lease. Vice Chairman Paul Glickman and Senior Vice President Dan Turkewitz of JLL, 11 Times Square’s exclusive office leasing agent, represented SJP.

“After almost two decades at 425 Park Avenue, we were dreading the whole relocation process,” said KB&G Partner Michael B. Kent. “Thankfully, dealing with ownership has been a refreshing experience, and we now are extremely excited about our move to 11 Times Square. We are sure our clients will greatly appreciate our new state-of-the-art offices.”

KB&G joins a world-class roster of companies at 11 Times Square that includes Microsoft, e-Marketer, and international law firm Proskauer. This year, SJP announced several new leases at the building, including digital media giant Answers Corporation and law firm Cohen Rabin Stine Schumann. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Señor Frog’s and Off the Wall Frozen Yogurt.

“We’re very pleased to welcome Kent Beatty & Gordon to 11 Times Square, as we continue to grow our roster of distinguished law firms,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers unrivaled access to the cultural heart of New York City, perfectly situated in one of Manhattan’s main transportation hubs. It’s clear that companies see real value in the ability to operate and grow their businesses in this prime location.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

The building’s location directly across from the Port Authority Bus Terminal, with direct access to numerous subway lines, places it squarely within the foremost transportation hub in Manhattan. The tower also offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that characterize Times Square as an iconic neighborhood.

SJP Properties Announces New Office Lease with Global Financial Technology Company Ullink at 11 Times Square
October 13, 2014  |  Press Release

Connectivity, Trading and Risk Management Systems Provider Selects High-Performance Class A Commercial Tower in Move from Nearby Midtown East Location

NEW YORK CITY (October 13, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced that global financial technology company Ullink has signed a 14,177-square-foot office lease at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

With 10 offices worldwide, Ullink is a global provider of market-leading, multi-asset trading technology and infrastructure for buy-side and sell-side market participants. The company will relocate its New York office to 11 Times Square from its current location on Third Avenue in Midtown East. The Newmark Grubb Knight Frank team of Directors Dan Hassett and Josh Gosin represented Ullink in its lease. JLL Vice Chairman Matt Astrachan and Senior Vice President Dan Turkewitz, who are part of the JLL team that serves as the exclusive office lease agent for 11 Times Square, represented SJP in the transaction.

Ullink represents the latest in a long string of technology companies that have relocated to 11 Times Square. In July, SJP announced a full-floor lease with digital media solutions leader Answers, owner of Answers.com. The building is also home to world-renowned technology giants Microsoft and e-Marketer. The tower, located at the intersection of Eighth Avenue and 42nd Street, immediately across from the Port Authority Bus Terminal, has become a destination for a wide variety of companies across the technology, legal and financial services sectors as it reaches 85-percent leased.

“Ullink’s decision to relocate to 11 Times Square is another example of a high-tech company choosing to position itself for continued growth by occupying high-performance, advanced commercial space,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers a rare combination of infrastructural sophistication and access to transportation and culture, all in arguably New York City’s most connected and vibrant location.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall, to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

In addition to its world-class roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 square feet at the tower. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Senor Frog’s and Off the Wall Frozen Yogurt.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

SJP Residential to Launch Pre-Leasing for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
September 15, 2014  |  Press Release

FORT LEE, N.J. (September 15, 2014) – The region’s renters will soon be able to experience first-hand the unparalleled lifestyle offered by New Jersey’s most exciting new luxury apartment community with the announcement that pre-leasing will commence later this month at The Modern.

Situated in the heart of the revitalized downtown district in Fort Lee, N.J., the striking 47-story glass tower has transformed the New Jersey skyline and is poised to set the standard for true luxury, offering breathtaking panoramic views of New York City, the Hudson River, George Washington Bridge and surrounding landscape. The Modern features lifestyle services that have never before been available in high-rise residential development, including an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities exclusively available for residents.

A commuter’s dream, The Modern is located just 100 yards from the George Washington Bridge. The community offers residents courtesy shuttle service direct to Manhattan’s express subway station, connecting riders to Midtown Manhattan in less than 10 minutes and without the hassle and cost of having to take the ferry. The Modern is also convenient by car to all of New York City’s outer boroughs, as well as Westchester County and all of Northern New Jersey.

Prospective residents interested in touring The Modern’s stunning, fully furnished designer model residences and exclusive amenities should sign up for the community’s Priority Registration by visiting RentTheModern.com, calling 201-461-2888 or emailing info@RentTheModern.com. The Marketing Directors is serving as The Modern’s exclusive leasing and marketing agent.

“No other apartment building offers the level of amenities, services and technology features that have been incorporated into every aspect of The Modern, which is already commanding considerable attention even before the completion of construction,” commented Allen Goldman, President of SJP Residential.

Comprising 450 exquisitely appointed luxury apartments, The Modern will feature a mix of studios, one-, two-, and three-bedroom rental residences, each boasting an open floor plan and high ceilings highlighted by floor-to-ceiling glass windows that maximize views and draw in an abundance of natural light. Luxury features in each residence include oak hardwood floors, walk-in closets, washers and dryers, and beautiful stone bathrooms. Open kitchens are designed with beauty and functionality in mind, and energy-efficient heating and cooling systems with remote thermostat controls come standard.

The tower’s remarkable amenities area will feature a spacious, state-of-the-art fitness center and a separate yoga and Pilates studio. A spa will feature a community sauna and offer massage services. Residents will be able to relax in the beautifully designed lounge area, which will be available for catered events. Additional indoor amenities include a luxurious screening room, a sophisticated golf simulation area, and a tween room (aka. “The Aquapella Lounge”) with a gaming station. An Internet lounge is also available, where residents can hook up their laptop computers to available WiFi and printers.

Outdoor amenities include a spectacular infinity pool surrounded by chaise lounges. Volleyball and basketball courts will be available, as will an expansive rolling lawn area that will feature outdoor movies during summer evenings. Individual and community barbecue stations will offer an opportunity for residents to enjoy a taste of outdoor cooking any time of the day. The Modern will have a covered dog walking area and pet spa. Separate indoor and outdoor children's play areas will be created for the community's youngest residents. A large indoor parking garage will be conveniently located with direct access to the building.

The Modern's grand, two-story lobby will feature 24/7 concierge and doorman service as well as package and dry cleaning reception and refrigerated storage availability. The tower is wired for free WiFi access and clear cellular phone service throughout.

The Modern, conveniently located at 800 Park Avenue, is part of a larger mixed-use redevelopment of a 16-acre site that will contain a public park and 165,000 square feet of retail in an adjoining development parcel.

The Closing with Steven Pozycki
September 1, 2014  |  The Real Deal  |  by E.B. Solomont

The SJP Properties’ CEO talks about living down the hall from Bruce Springsteen, lifeguarding at Jones Beach and forging his firm deeper into New York City

Steven Pozycki is founder and CEO of Parsippany, N.J.–based SJP Properties, which has developed over 25 million square feet of office space as well as residential condos and rentals since 1981. SJP made a bold move into the New York market several years ago, when it built 11 Times Square, a 40-story, 1.2-million-square-foot speculative glass office-and-retail tower. This year, SJP moved its corporate offices into the building, which hit the market in the midst of the recession but is now 85 percent leased. 

read the full article

SJP Announces New Office Lease with Answers Corporation at 11 Times Square
July 23, 2014  |  Press Release

Leading Digital Media and Marketing Technology Solutions Provider Is Latest Tech Company to Make Move to High-Performance Class A Commercial Tower

NEW YORK CITY (July 23, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced that the St. Louis-based tech powerhouse Answers Corporation has signed a new office lease to occupy the entire 11th floor at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

Answers is best known for its digital media property Answers.com, which boasts the largest Q&A community on the web. Answers also powers a leading-edge marketing technology platform that helps brands and organizations measure and improve the multichannel customer experience. The company will take a total of approximately 29,000 square feet at 11 Times Square, consolidating operations from multiple locations within New York City. The Cassidy Turley team of Nicola Heryet, Senior Managing Director and Principal, and Stephen Bellwood, Managing Director, represented Answers in its lease, while SJP was represented by Vice Chairmen Mitch Konsker and Paul Glickman of JLL, 11 Times Square’s exclusive office leasing agent.

Answers is the latest industry-leading technology company to make a move to 11 Times Square, which is also home to Microsoft and e-Marketer. The tower, located at the intersection of Eighth Avenue and 42nd Street, immediately across from the Port Authority Bus Terminal, has become a destination for a wide variety of companies across the technology, legal and financial services sectors.

“Answers needed a world-class, tech-forward space to support our high-performing New York operations and workforce, which has quadrupled since last year and continues to grow,” said David Karandish, CEO and Chairman of Answers Corporation. “The central location of 11 Times Square gives us tremendous proximity to key customers of our platform technologies--some of the world’s largest brands and advertising agencies, in industries such as retail, financial services and healthcare. It also strengthens our efforts to recruit Silicon Alley talent who can help us deliver leading-edge digital media experiences and marketing solutions to consumers and clients alike.”

Commented Steven J. Pozycki, CEO of SJP Properties, “This latest lease with Answers demonstrates the value that companies see in occupying high-grade, technologically advanced commercial space that provides direct access to unrivaled services, dining, entertainment and cultural venues, as well as the world’s best transportation network. We are extremely pleased to welcome Answers to 11 Times Square as the company positions itself strongly for additional future growth.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

In addition to its world-class roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 square feet at the tower. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, Global Food International, Senor Frog’s and Off the Wall Frozen Yogurt.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

SJP Properties moving exec team to 11 Times Square
July 15, 2014  |  The Real Deal  |  by Rich Bockmann

N.J.-based developer wants to to increase footprint in city

The New Jersey-based developer of 11 Times Square, the city’s largest speculative building when it broke ground in the summer of 2007, is moving its executive offices to the Crossroads of the World as it looks to expand its footprint in New York City.

SJP Properties, the family run business that has been headquartered in Parsippany, N.J. since its inception in 1981, is moving an executive team of about 10 to 12 people in September into 5,000 square feet the company has taken in the 40-story office tower it built in 2007.

“We want to really raise our focus on New York,” SJP Executive Vice President Jeffrey Schotz told The Real Deal. “We want to be in the middle of the action, as opposed to being perceived as a New Jersey developer.”

read the full article

SJP Residential Launches Priority Registration for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
July 8, 2014  |  Press Release

Leasing for Highly Anticipated 47-Story Iconic Tower Set to Commence in Fall 2014

FORT LEE, N.J. (July 08, 2014) – With construction progressing rapidly at The Modern, the iconic luxury apartment community situated in the heart of the revitalized downtown district in Fort Lee, N.J., SJP Residential has announced the launch of Priority Registration to provide prospective residents with exclusive notifications and information regarding leasing opportunities.

The striking 47-story glass tower has transformed the Bergen County skyline and is poised to set the standard for true luxury, offering breathtaking panoramic views of New York City, the Hudson River, George Washington Bridge and surrounding landscape. The community features lifestyle services that have never before been available in high-rise residential development, including an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities exclusively available for residents.

As interest in the community swells, prospective residents who sign up for The Modern’s Priority Registration will be among the first to be contacted about leasing opportunities in advance of a public grand opening. A state-of-the-art leasing office and several fully furnished model apartments are planned to open in early fall 2014. The Marketing Directors is serving as the building’s exclusive leasing and marketing agent.

“Reflective of this luxury apartment tower’s standout position in the market, as well as the demand that exists for thoughtfully designed, full-service rental communities that support a complete lifestyle experience, we anticipate extraordinary interest in The Modern throughout the region,” commented Allen Goldman, President of SJP Residential. “No other apartment building offers the level of amenities, services and technology features that have been incorporated into every aspect of this community, which is already commanding considerable attention even before the completion of construction.”

Comprising 450 exquisitely appointed luxury apartments, The Modern will feature a mix of studios, one-, two-, and three-bedroom rental residences, each boasting an open floor plan and high ceilings highlighted by floor-to-ceiling glass windows that maximize views and draw in an abundance of natural light. Luxury features in each residence include oak hardwood floors, walk-in closets, washers and dryers, and beautiful stone bathrooms. Open kitchens are designed with beauty and functionality in mind, and energy-efficient heating and cooling systems with remote thermostat controls come standard in every residence.

The tower’s amenities area will feature a spacious, state-of-the-art fitness center and a separate yoga and Pilates studio. A spa will feature a community sauna and offer massage services. Residents will be able to relax in the beautifully designed lounge area, which will offer breakfast and will also be available for catered events. Additional indoor amenities include a luxurious screening room, a sophisticated golf simulation area, and a tween room (aka. “The Aquapella Lounge”) with a gaming station. An Internet lounge with available snacks is also planned, where residents can hook up their laptop computers to available WiFi and printers.

Outdoor amenities include a spectacular infinity pool surrounded by chaise lounges. Volleyball and basketball courts will be available for games with friends and fellow residents. An expansive rolling lawn area will feature outdoor movies during summer evenings. Individual and community barbecue stations will offer an opportunity for residents to enjoy a taste of outdoor cooking any time of the day. The Modern will have a covered dog walking area and pet spa. Separate indoor and outdoor children's play areas will be created for the community's youngest residents. A large indoor parking garage will be conveniently located with direct access to the building.

The Modern's grand, two-story lobby will feature 24/7 concierge and doorman service as well as package and dry cleaning reception and refrigerated storage availability. The tower is also wired for free WiFi access and clear cellular phone service throughout.

In line with The Modern’s offering of a completely lifestyle experience, SJP will create a one and three-quarter-acre beautifully landscaped public park outside the tower that will include water features and walking paths reminiscent of Central Park in New York City. The park will also host a 7,000-square-foot restaurant with indoor and open-air dining, as well as a refreshment kiosk. Additionally, SJP will develop a 13,000-square-foot building to be donated to the Borough of Fort Lee, which will house a large public theater and a public museum.

The Modern is conveniently located at 800 Park Avenue, less than one hundred yards from the George Washington Bridge and minutes to the express Manhattan subway courtesy of the community’s dedicated shuttle service.

SJP is developing The Modern in partnership with Prudential Real Estate Investors and Northwestern Mutual Life Insurance Company. The tower is part of a larger mixed-use redevelopment of a 16-acre site that will contain 165,000 square feet of retail in an adjoining development parcel.

For more information on The Modern or to sign up for the community’s Priority Registration list, visit www.RentTheModern.com, call 201-461-2888 or email info@RentTheModern.com.

SJP Properties Signs 72,000-SF Lease Expansion with Thomson Reuters at Waterfront Corporate Center II
April 3, 2014  |  Press Release

Company to Relocate 450 Employees to Premier Hoboken Business Complex

HOBOKEN, N.J. (April 3, 2014) – SJP Properties today announced that it has signed a significant lease expansion with Thomson Reuters at Waterfront Corporate Center II, one of three Class A office and retail buildings within SJP’s high-performance, mixed-use business complex in Hoboken, N.J.

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has taken an additional 72,000 square feet of office space at Waterfront Corporate Center II, where it now leases a total of 93,000 square feet. The additional space will support the relocation of 450 of Thomson Reuters’ employees from New York City to Hoboken.

Joseph Cabrera and Tim Kuhn, formerly of Cushman & Wakefield, represented Thomson Reuters in the transaction. SJP was represented in-house by Senior Vice President Peter Bronsnick.

“The decision by Thomson Reuters to expand at Waterfront Corporate Center and relocate a large portion of its workforce to the complex can be attributed to Hoboken’s position as a premier transit hub that offers an unparalleled live-work-play environment,” commented Steven J. Pozycki, CEO of SJP Properties. “This expansion will provide a considerable boon to the local and state economies, with the New Jersey Economic Development Authority estimating a net benefit to the State of $123 million from this transaction.”

Leveraging its expertise in project and construction management, SJP will oversee the build-out of Thomson Reuters’ expansion space. The company is expected to take occupancy of its new space during the third quarter of the year.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The complex’s on-site amenities include a state-of-the-art fitness center for tenants. In addition to Thomson Reuters, several high-caliber corporations call Waterfront Corporate Center home, including Pearson, Marsh & McLennan and Octapharma.

SJP is currently constructing the third and final building within Waterfront Corporate Center, a 14-story, 550,000-square-foot Class A building designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail building. Learning company Pearson will serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company.

Pearson will occupy 200,000 square feet of Waterfront Corporate Center III. SJP is marketing the remaining 275,000 square feet on the tower floors seven through 14. In addition to the office space, the ground level of the building will have approximately 25,000 square feet available for retail use. SJP is also constructing a 200-car underground parking garage to provide direct covered access parking for the building.

Reflective of Waterfront Corporate Center’s position as one of the state’s preeminent business addresses, the complex features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the complex’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located is enhanced by the Port Authority’s investment of more than $80 million in infrastructure improvements along the river, evidenced by two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard. The five-acre park at Pier A includes an open lawn area, fountain, tree grove, pavilion and amphitheater space for tenant use. The two-and-a-half acre park at Pier C features a playground as well as a promenade at its eastern edge with lawn areas and a fishing pier.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several developments under construction in New Jersey. In addition to Waterfront Corporate Center III, SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

SJP Properties Founder Steven J. Pozycki to Receive NAIOP New Jersey Lifetime Achievement Award
April 23, 2013  |  Press Release

Leading Industry Executive Honored for Significant Contributions to Garden State’s Commercial Real Estate Landscape

PARSIPPANY, NJ (April 23, 2013) – Steven J. Pozycki, Founder, Chairman and CEO of leading real estate development company SJP Properties, will accept NAIOP New Jersey’s Lifetime Achievement Award during the organization’s 26th Annual Commercial Real Estate Gala on May 9. 

The award, NAIOP New Jersey’s highest honor, recognizes Pozycki for his distinguished and longstanding record of exemplary service to the commercial real estate industry and the greater community. Since founding Parsippany-based SJP Properties in 1981, Pozycki, a New Jersey native, has forged the company’s continued growth to become one of the preeminent developers of Class A commercial and premier residential properties throughout the New York Metropolitan Area.

“Known for his unwavering attention to detail and unparalleled work ethic, Steve is highly regarded for the consistent leadership he has demonstrated in bolstering New Jersey’s competitive edge through best-in-class development and furthering the state’s economic growth objectives,” said Michael McGuinness, CEO of NAIOP New Jersey. “A true icon of New Jersey real estate, Steve has played an integral role in making the Garden State a truly great place to live and work, and we are extremely pleased to recognize him with this prestigious honor.”

More than 30 years since the company’s founding, SJP continues to be one of the most active developers in New Jersey, with nearly a $1 billion of ground-up development currently under construction throughout the state.

One of the most high profile of these developments is the new, 340,000-square-foot Class A office building that SJP is developing in partnership with Matrix Development Group to serve as the new U.S. headquarters for Panasonic Corporation of North America. The 12-story, state-of-the-art building is the first new office development for Newark’s downtown in nearly two decades. Heralded by Newark Mayor Cory Booker as the “single greatest economic accomplishment” of his administration, the project is a prime example of SJP’s role in furthering the state’s master plan objective of smart growth development in urban centers near existing infrastructure.

In Hoboken, SJP is also under construction on a new Class A office and retail building that, much like the Panasonic project, will serve as a significant driver of economic growth in one of New Jersey’s premier urban hubs. Waterfront Corporate Center III, a 500,000-square-foot, build-to-suit office and retail building, will house up to 900 of learning company Pearson’s employees, and is the culmination of SJP’s pioneering efforts to transform a portion of the Hoboken waterfront into 1.5 million square feet of Class A commercial space. Designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver Certified office building, the property will significantly contribute to the state’s inventory of cutting-edge, transit-oriented office space.

In addition to the significant impact SJP has made on New Jersey’s commercial real estate landscape, the company is also currently developing The Modern, a $500 million development highlighted by two iconic 47-story, luxury residential towers at the foot of the George Washington Bridge in Fort Lee. Under construction on a prominent redevelopment site that had sat undeveloped for more than 40 years, The Modern is the latest example of SJP’s commitment to the creation of superior residential properties, and will provide in-demand, luxury rental housing to an underserved market of New Jersey.

“I am extremely honored to receive this prestigious award from NAIOP New Jersey. Since our company’s founding, we have remained focused on the New York Metropolitan Area, and New Jersey in particular, with a strong commitment to the development of high-quality properties that have a positive impact on the State and the individual communities in which we build and invest,” Pozycki said. “But beyond the quality of our portfolio, my proudest achievement is the creation of a world-class team of professionals at SJP Properties, who are just as dedicated as I am to continuing the track record of success we have been fortunate to experience throughout our history. It is due to the collective efforts of our entire team that SJP Properties continues to play an active part in the ongoing improvement of New Jersey’s real estate landscape.”

Prior to his founding SJP Properties, Pozycki had 10 years of institutional experience in the real estate finance field, first with Metropolitan Life Insurance Co., where he trained and worked on new business and loan workouts for the Northeast region. He then joined Equitable Life Assurance Society, where he worked on new business production for acquisitions, joint ventures and participating debt on all types of commercial real estate projects in the western half of the country.

Pozycki began his career in commercial real estate in 1981 when he opened a finance office for Lincoln Property Company in New York City that became Lincoln's in-house investment banking operation. Shortly thereafter, he acquired and began developing his first project, known as Morris Corporate Center, a 182-acre corporate park in Parsippany. Since that time, he and the SJP team have successfully developed nearly 25 million square feet of ground-up real estate in partnership with major public and private institutions.

SJP Properties Hires Enrique Alonso to Expand New York City Development and Investment Platform
April 10, 2013  |  Press Release

Alonso Joins Company as a Senior Vice President Focused on Business Development

NEW YORK, NY (April 10, 2013) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced the hiring of Enrique Alonso as Senior Vice President.

In this role, Alonso is responsible for business development, including sourcing and financing for commercial and residential real estate investment and development opportunities in the New York market. As a member of the company’s marketing and leasing team, Alonso is also active in the marketing of SJP’s existing New York assets, including 11 Times Square, a 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown Manhattan owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors. SJP has completed several significant lease transactions at the tower with high-caliber global companies, including Proskauer, Microsoft and eMarketer. Currently, 11 Times Square is more than 70 percent leased, including the entirety of the tower’s retail space.

“We are extremely pleased to welcome Enrique to our organization as we leverage our strong market position and integrated platform to execute on new investment and development opportunities, particularly with regard to our long-term core focus on high-quality build-to-suit development, as well as third-party construction management services,” stated Steven J. Pozycki, CEO of SJP Properties. ”Enrique brings to our organization unique market insight and experience in global business advisory that will significantly assist our team in building on the momentum we have established in the leasing and marketing of our current assets, and contribute to the growth of our New York City presence.”

Prior to joining SJP, Alonso was as an executive in CBRE’s Global Corporate Services group. In that capacity, he advised clients on their global real estate strategies, including leasing, divestitures and acquisitions. Alonso also previously served as a Management Consultant with Bain and Company, one of the world’s leading business consulting firms, where he advised clients throughout the world, as well as a Business Development Director with the National Basketball Association.

Alonso is a graduate of Amherst College, where he earned a Bachelor of Arts degree, and holds a Master of Business Administration from Stanford Graduate School of Business.    

“I saw this as a tremendous opportunity to join a world-class organization and work collaboratively to identify new opportunities that complement and enhance the company’s New York portfolio,” added Alonso. “SJP’s long-standing relationships with many of the industry’s leading financial institutions, along with its unparalleled track record in the development of best-in-class buildings, strongly position the company for continued growth, and I look forward to playing a key role in the future of the organization.”

In addition to SJP’s New York assets, the company is highly active with several developments that are currently under construction, including a new, 340,000-square-foot, Class A office building in Newark, N.J., that will serve as Panasonic Corporation of North America’s U.S. headquarters; a 500,000-square-foot, Class A office and retail tower in Hoboken, N.J., that will be anchored by Pearson; and The Modern, a $500 million development in Fort Lee, N.J., highlighted by two, 47-story glass residential towers.

SJP Properties Signs Headquarters Lease With eMarketer at 11 Times Square
February 26, 2013  |  Press Release

Leading Information Resource for Marketers Attracted to Tower’s Strategic Location and Techno-Advanced, LEED-Certified Office Space

NEW YORK, NY (February 26, 2013) – SJP Properties today announced that eMarketer, a leading global information resource on digital marketing, media and commerce, has signed a 53,000-square-foot lease at 11 Times Square, a new, state-of-the-art, 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

Relocating from Lower Manhattan, eMarketer was attracted to 11 Times Square’s location and state-of-the-art technology, security and energy-efficiency features, which combine to create an optimized work environment that supports enhanced employee productivity.

“We believe a world-class work facility is fundamental to our company culture and our ability to provide world-class information to clients,” said eMarketer CEO Terry Chabrowe. “Establishing a new headquarters at 11 Times Square will help us continue to expand our team and meet growing demand from businesses worldwide looking to better understand the digital marketplace.”

The company will occupy the entirety of floors 12 and 14 at the tower, establishing its headquarters within Manhattan’s foremost transit hub location. Situated directly across from the Port Authority’s bus terminal, 11 Times Square features direct subway access to all New York City destinations, and is only one subway stop from both Penn Station and Grand Central Terminal.

"This building continues to attract a diverse base of leading-edge global companies in search of a modern and strategically located business address that delivers the advanced technology infrastructure needed to assist them in maintaining their advantage in today’s competitive marketplace,” stated Steven J. Pozycki, CEO of SJP Properties. “In particular, eMarketer’s employees and clients will enjoy superior transportation access to and from the building, as well as a healthy and energy-efficient office environment due to 11 Times Square’s LEED-Platinum indoor air quality and sustainability features.”

CBRE Executive Vice President Timothy Dempsey, Senior Vice President Roger Griswold and Senior Associate Greg Maurer-Hollaender represented eMarketer in the transaction, while Jones Lang LaSalle Vice Chairmen Mitchell Konsker and Paul Glickman and Senior Vice President Diana Biasotti represented SJP Properties. Jones Lang LaSalle serves as the exclusive leasing agent for 11 Times Square. 

Designed as Midtown’s most advanced new commercial tower, 11 Times Square was developed using a precedent-setting concrete core construction model that ensures protection of the building’s critical infrastructure and overall enhanced safety for tenants. The tower features a highly efficient glass curtain wall that works to reduce heating and cooling costs throughout the building.

Located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square, led by many of the world’s leading law firms and global financial services companies.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces. 

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood. 

With eMarketer’s lease, 11 Times Square is more than 70-percent leased to a world-class roster of tenants that includes leading global law firm Proskauer, as well as Microsoft, which signed a long-term lease at the building earlier this year.

Microsoft Signs Lease at SJP Properties’ 11 Times Square
January 7, 2013  |  Press Release

Leading Global Software Company Attracted to Tower’s Premier Transit Hub Location and Superior Technology

NEW YORK, NY (January 07, 2013) – SJP Properties today announced that Microsoft, the world’s leading software company, has signed a long-term lease at 11 Times Square, the company’s new, state-of-the-art 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

The lease reflects Microsoft’s commitment to establishing its presence within Manhattan’s foremost transit hub location. Situated directly across from the Port Authority’s bus terminal, 11 Times Square features direct subway access to all New York City destinations, and is only one subway stop from both Penn Station and Grand Central Terminal, the city’s two major transportation hubs.

The lease also demonstrates Microsoft’s focus on providing its employees with a high-performance, technologically superior work environment. From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall, to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

"Microsoft’s decision to lease space at 11 Times Square is another significant sign that this building is being targeted by top-tier global firms looking to maintain their competitive edge by locating within transit hubs that provide unparalleled access and convenience to their employees, clients and customers,” stated Steven J. Pozycki, CEO of SJP Properties. “Situated in one of the top transportation centers in Manhattan, 11 Times Square delivers numerous location advantages. When coupled with the tower’s superior technology, safety and robust energy-efficiency features, this tower promotes an enhanced quality of work life and employee productivity, and we are pleased to deliver on that promise for Microsoft.”

Jones Lang LaSalle Managing Director Lisa Kiell represented Microsoft in the transaction, while Jones Lang LaSalle Vice Chairmen Mitchell Konsker and Paul Glickman and Senior Vice President Diana Biasotti represented SJP Properties. Jones Lang LaSalle serves as the exclusive leasing agent for 11 Times Square.

“This is a highly strategic move by Microsoft to relocate to a first-rate, technologically advanced building with strong and responsive ownership,” stated Konsker. “This building is managed like a five-star hotel and is complementary to Microsoft’s identity as a global leader in the technology sector. The benefits to the company and its employees of occupying a building that offers the location and energy-efficiency advantages of 11 Times Square are significant and will have an immediate, positive impact on its business.”

Located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square, led by many of the world’s leading law firms and global financial services companies.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

Upon 11 Times Square’s completion in 2011, the global law firm of Proskauer relocated to more than 400,000 square feet at the building. In 2012, SJP completed seven additional leases at the building, including a long-term lease with Global Food International Corporation for approximately 25,000 square feet of the building’s retail space. With Microsoft’s lease, the building is now more than 70 percent leased.

SJP Properties Signs 40,000-Square-Foot Office Lease with Jet.com at Waterfront Corporate Center III
December 19, 2014  |  Press Release

E-Commerce Startup Establishes Headquarters in Class A Hoboken Business Complex

HOBOKEN, N.J. – SJP Properties today announced a new 40,000-square-foot office lease with Jet at Waterfront Corporate Center III, the third and final building within SJP’s high-performance, mixed-use business complex in Hoboken, N.J.  SJP recently completed construction on the 14-story, 500,000-square-foot building, designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail tower.  

Jet is the latest e-commerce venture led by Marc Lore, former CEO and co-founder of Diapers.com and parent company Quidsi. Jet, which promises to be the most brilliant way to shop online, is slated to launch in 2015. With headquarters at Waterfront Corporate Center III, the company will bring a significant number of new jobs to Hoboken.

Scott Peck, SIOR and Brian Wilson of Resource Realty represented Jet in the transaction; SJP was represented in-house. 

“To welcome such a dynamic, ambitious technology-based company to Waterfront Corporate Center III is truly exciting,” said Steven J. Pozycki, CEO of SJP Properties. “It is a testament to the world-class environment that we have created in one of America's great job centers, where companies can access the highest quality workspace within steps of transportation, entertainment and blossoming culture.”
 
“Hoboken was naturally the best location for our headquarters,” said Marc Lore, CEO of Jet. “The city’s growing tech scene and proximity to the amazing talent that the New York metro area offers makes this the prime location for our growing company. We’re very excited about not only our new office space, but also the opportunity to contribute to this community.”

Peck commented, “This space was a natural fit for Jet’s headquarters. Our team spent an extensive amount of time searching for a location that was a transit hub and could attract the talent needed for an e-commerce venture of this magnitude. The Waterfront Corporate Center in Hoboken quickly stood out as the perfect fit for Jet.”

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

Several high-caliber corporations call the Waterfront Corporate Center complex home, including Thomson Reuters, RMS, Marsh & McLennan and Octapharma.

The complex houses an on-site, state-of-the-art fitness center, Crunch, as well as the Wicked Wolf restaurant, Jos A. Bank, FedEx and Chase Bank. Additionally, Waterfront Corporate Center benefits from proximity to downtown Hoboken’s renowned shopping, dining and entertainment options.

Learning company Pearson will occupy 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company. 
 
SJP is currently marketing the building’s available office space, consisting of approximately 240,000 square feet. The building will also feature an underground parking garage to provide direct covered access parking, as well as prime ground-level retail space.
 
Reflective of Waterfront Corporate Center III’s position as one of the state’s preeminent business addresses, the building features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the building’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located features two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several developments under construction in New Jersey. In addition to Waterfront Corporate Center III, SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

SJP Properties Announces New Office Lease with Kent Beatty & Gordon at 11 Times Square
October 31, 2014  |  Press Release

Commercial Law Firm Joins Growing Roster of Diverse Tenants at LEED-Certified Class A Tower

NEW YORK CITY (October 31, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced it has signed a 6,964-square-foot lease with Kent Beatty & Gordon, LLP (KB&G) at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

KB&G, an AV® Preeminent™ law firm, specializes in commercial litigation, arbitration, general commercial counseling, transactional representation, corporate, hospitality, real estate, and entertainment law. The firm will relocate its New York offices from 425 Park Avenue, which is slated to be razed. Jesse Rubens, Partner, and Nick Gilman, Managing Director, of MHP Real Estate Services, represented KB&G in the lease. Vice Chairman Paul Glickman and Senior Vice President Dan Turkewitz of JLL, 11 Times Square’s exclusive office leasing agent, represented SJP.

“After almost two decades at 425 Park Avenue, we were dreading the whole relocation process,” said KB&G Partner Michael B. Kent. “Thankfully, dealing with ownership has been a refreshing experience, and we now are extremely excited about our move to 11 Times Square. We are sure our clients will greatly appreciate our new state-of-the-art offices.”

KB&G joins a world-class roster of companies at 11 Times Square that includes Microsoft, e-Marketer, and international law firm Proskauer. This year, SJP announced several new leases at the building, including digital media giant Answers Corporation and law firm Cohen Rabin Stine Schumann. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Señor Frog’s and Off the Wall Frozen Yogurt.

“We’re very pleased to welcome Kent Beatty & Gordon to 11 Times Square, as we continue to grow our roster of distinguished law firms,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers unrivaled access to the cultural heart of New York City, perfectly situated in one of Manhattan’s main transportation hubs. It’s clear that companies see real value in the ability to operate and grow their businesses in this prime location.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

The building’s location directly across from the Port Authority Bus Terminal, with direct access to numerous subway lines, places it squarely within the foremost transportation hub in Manhattan. The tower also offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that characterize Times Square as an iconic neighborhood.

SJP Properties Announces New Office Lease with Global Financial Technology Company Ullink at 11 Times Square
October 13, 2014  |  Press Release

Connectivity, Trading and Risk Management Systems Provider Selects High-Performance Class A Commercial Tower in Move from Nearby Midtown East Location

NEW YORK CITY (October 13, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced that global financial technology company Ullink has signed a 14,177-square-foot office lease at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

With 10 offices worldwide, Ullink is a global provider of market-leading, multi-asset trading technology and infrastructure for buy-side and sell-side market participants. The company will relocate its New York office to 11 Times Square from its current location on Third Avenue in Midtown East. The Newmark Grubb Knight Frank team of Directors Dan Hassett and Josh Gosin represented Ullink in its lease. JLL Vice Chairman Matt Astrachan and Senior Vice President Dan Turkewitz, who are part of the JLL team that serves as the exclusive office lease agent for 11 Times Square, represented SJP in the transaction.

Ullink represents the latest in a long string of technology companies that have relocated to 11 Times Square. In July, SJP announced a full-floor lease with digital media solutions leader Answers, owner of Answers.com. The building is also home to world-renowned technology giants Microsoft and e-Marketer. The tower, located at the intersection of Eighth Avenue and 42nd Street, immediately across from the Port Authority Bus Terminal, has become a destination for a wide variety of companies across the technology, legal and financial services sectors as it reaches 85-percent leased.

“Ullink’s decision to relocate to 11 Times Square is another example of a high-tech company choosing to position itself for continued growth by occupying high-performance, advanced commercial space,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers a rare combination of infrastructural sophistication and access to transportation and culture, all in arguably New York City’s most connected and vibrant location.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall, to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

In addition to its world-class roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 square feet at the tower. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Senor Frog’s and Off the Wall Frozen Yogurt.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

SJP Residential to Launch Pre-Leasing for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
September 15, 2014  |  Press Release

FORT LEE, N.J. (September 15, 2014) – The region’s renters will soon be able to experience first-hand the unparalleled lifestyle offered by New Jersey’s most exciting new luxury apartment community with the announcement that pre-leasing will commence later this month at The Modern.

Situated in the heart of the revitalized downtown district in Fort Lee, N.J., the striking 47-story glass tower has transformed the New Jersey skyline and is poised to set the standard for true luxury, offering breathtaking panoramic views of New York City, the Hudson River, George Washington Bridge and surrounding landscape. The Modern features lifestyle services that have never before been available in high-rise residential development, including an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities exclusively available for residents.

A commuter’s dream, The Modern is located just 100 yards from the George Washington Bridge. The community offers residents courtesy shuttle service direct to Manhattan’s express subway station, connecting riders to Midtown Manhattan in less than 10 minutes and without the hassle and cost of having to take the ferry. The Modern is also convenient by car to all of New York City’s outer boroughs, as well as Westchester County and all of Northern New Jersey.

Prospective residents interested in touring The Modern’s stunning, fully furnished designer model residences and exclusive amenities should sign up for the community’s Priority Registration by visiting RentTheModern.com, calling 201-461-2888 or emailing info@RentTheModern.com. The Marketing Directors is serving as The Modern’s exclusive leasing and marketing agent.

“No other apartment building offers the level of amenities, services and technology features that have been incorporated into every aspect of The Modern, which is already commanding considerable attention even before the completion of construction,” commented Allen Goldman, President of SJP Residential.

Comprising 450 exquisitely appointed luxury apartments, The Modern will feature a mix of studios, one-, two-, and three-bedroom rental residences, each boasting an open floor plan and high ceilings highlighted by floor-to-ceiling glass windows that maximize views and draw in an abundance of natural light. Luxury features in each residence include oak hardwood floors, walk-in closets, washers and dryers, and beautiful stone bathrooms. Open kitchens are designed with beauty and functionality in mind, and energy-efficient heating and cooling systems with remote thermostat controls come standard.

The tower’s remarkable amenities area will feature a spacious, state-of-the-art fitness center and a separate yoga and Pilates studio. A spa will feature a community sauna and offer massage services. Residents will be able to relax in the beautifully designed lounge area, which will be available for catered events. Additional indoor amenities include a luxurious screening room, a sophisticated golf simulation area, and a tween room (aka. “The Aquapella Lounge”) with a gaming station. An Internet lounge is also available, where residents can hook up their laptop computers to available WiFi and printers.

Outdoor amenities include a spectacular infinity pool surrounded by chaise lounges. Volleyball and basketball courts will be available, as will an expansive rolling lawn area that will feature outdoor movies during summer evenings. Individual and community barbecue stations will offer an opportunity for residents to enjoy a taste of outdoor cooking any time of the day. The Modern will have a covered dog walking area and pet spa. Separate indoor and outdoor children's play areas will be created for the community's youngest residents. A large indoor parking garage will be conveniently located with direct access to the building.

The Modern's grand, two-story lobby will feature 24/7 concierge and doorman service as well as package and dry cleaning reception and refrigerated storage availability. The tower is wired for free WiFi access and clear cellular phone service throughout.

The Modern, conveniently located at 800 Park Avenue, is part of a larger mixed-use redevelopment of a 16-acre site that will contain a public park and 165,000 square feet of retail in an adjoining development parcel.

The Closing with Steven Pozycki
September 1, 2014  |  The Real Deal  |  by E.B. Solomont

The SJP Properties’ CEO talks about living down the hall from Bruce Springsteen, lifeguarding at Jones Beach and forging his firm deeper into New York City

Steven Pozycki is founder and CEO of Parsippany, N.J.–based SJP Properties, which has developed over 25 million square feet of office space as well as residential condos and rentals since 1981. SJP made a bold move into the New York market several years ago, when it built 11 Times Square, a 40-story, 1.2-million-square-foot speculative glass office-and-retail tower. This year, SJP moved its corporate offices into the building, which hit the market in the midst of the recession but is now 85 percent leased. 

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SJP Announces New Office Lease with Answers Corporation at 11 Times Square
July 23, 2014  |  Press Release

Leading Digital Media and Marketing Technology Solutions Provider Is Latest Tech Company to Make Move to High-Performance Class A Commercial Tower

NEW YORK CITY (July 23, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced that the St. Louis-based tech powerhouse Answers Corporation has signed a new office lease to occupy the entire 11th floor at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

Answers is best known for its digital media property Answers.com, which boasts the largest Q&A community on the web. Answers also powers a leading-edge marketing technology platform that helps brands and organizations measure and improve the multichannel customer experience. The company will take a total of approximately 29,000 square feet at 11 Times Square, consolidating operations from multiple locations within New York City. The Cassidy Turley team of Nicola Heryet, Senior Managing Director and Principal, and Stephen Bellwood, Managing Director, represented Answers in its lease, while SJP was represented by Vice Chairmen Mitch Konsker and Paul Glickman of JLL, 11 Times Square’s exclusive office leasing agent.

Answers is the latest industry-leading technology company to make a move to 11 Times Square, which is also home to Microsoft and e-Marketer. The tower, located at the intersection of Eighth Avenue and 42nd Street, immediately across from the Port Authority Bus Terminal, has become a destination for a wide variety of companies across the technology, legal and financial services sectors.

“Answers needed a world-class, tech-forward space to support our high-performing New York operations and workforce, which has quadrupled since last year and continues to grow,” said David Karandish, CEO and Chairman of Answers Corporation. “The central location of 11 Times Square gives us tremendous proximity to key customers of our platform technologies--some of the world’s largest brands and advertising agencies, in industries such as retail, financial services and healthcare. It also strengthens our efforts to recruit Silicon Alley talent who can help us deliver leading-edge digital media experiences and marketing solutions to consumers and clients alike.”

Commented Steven J. Pozycki, CEO of SJP Properties, “This latest lease with Answers demonstrates the value that companies see in occupying high-grade, technologically advanced commercial space that provides direct access to unrivaled services, dining, entertainment and cultural venues, as well as the world’s best transportation network. We are extremely pleased to welcome Answers to 11 Times Square as the company positions itself strongly for additional future growth.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

Situated immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square.

In addition to its world-class roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 square feet at the tower. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, Global Food International, Senor Frog’s and Off the Wall Frozen Yogurt.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

SJP Properties moving exec team to 11 Times Square
July 15, 2014  |  The Real Deal  |  by Rich Bockmann

N.J.-based developer wants to to increase footprint in city

The New Jersey-based developer of 11 Times Square, the city’s largest speculative building when it broke ground in the summer of 2007, is moving its executive offices to the Crossroads of the World as it looks to expand its footprint in New York City.

SJP Properties, the family run business that has been headquartered in Parsippany, N.J. since its inception in 1981, is moving an executive team of about 10 to 12 people in September into 5,000 square feet the company has taken in the 40-story office tower it built in 2007.

“We want to really raise our focus on New York,” SJP Executive Vice President Jeffrey Schotz told The Real Deal. “We want to be in the middle of the action, as opposed to being perceived as a New Jersey developer.”

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SJP Residential Launches Priority Registration for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
July 8, 2014  |  Press Release

Leasing for Highly Anticipated 47-Story Iconic Tower Set to Commence in Fall 2014

FORT LEE, N.J. (July 08, 2014) – With construction progressing rapidly at The Modern, the iconic luxury apartment community situated in the heart of the revitalized downtown district in Fort Lee, N.J., SJP Residential has announced the launch of Priority Registration to provide prospective residents with exclusive notifications and information regarding leasing opportunities.

The striking 47-story glass tower has transformed the Bergen County skyline and is poised to set the standard for true luxury, offering breathtaking panoramic views of New York City, the Hudson River, George Washington Bridge and surrounding landscape. The community features lifestyle services that have never before been available in high-rise residential development, including an unprecedented 75,000 square feet of indoor and outdoor resort-style amenities exclusively available for residents.

As interest in the community swells, prospective residents who sign up for The Modern’s Priority Registration will be among the first to be contacted about leasing opportunities in advance of a public grand opening. A state-of-the-art leasing office and several fully furnished model apartments are planned to open in early fall 2014. The Marketing Directors is serving as the building’s exclusive leasing and marketing agent.

“Reflective of this luxury apartment tower’s standout position in the market, as well as the demand that exists for thoughtfully designed, full-service rental communities that support a complete lifestyle experience, we anticipate extraordinary interest in The Modern throughout the region,” commented Allen Goldman, President of SJP Residential. “No other apartment building offers the level of amenities, services and technology features that have been incorporated into every aspect of this community, which is already commanding considerable attention even before the completion of construction.”

Comprising 450 exquisitely appointed luxury apartments, The Modern will feature a mix of studios, one-, two-, and three-bedroom rental residences, each boasting an open floor plan and high ceilings highlighted by floor-to-ceiling glass windows that maximize views and draw in an abundance of natural light. Luxury features in each residence include oak hardwood floors, walk-in closets, washers and dryers, and beautiful stone bathrooms. Open kitchens are designed with beauty and functionality in mind, and energy-efficient heating and cooling systems with remote thermostat controls come standard in every residence.

The tower’s amenities area will feature a spacious, state-of-the-art fitness center and a separate yoga and Pilates studio. A spa will feature a community sauna and offer massage services. Residents will be able to relax in the beautifully designed lounge area, which will offer breakfast and will also be available for catered events. Additional indoor amenities include a luxurious screening room, a sophisticated golf simulation area, and a tween room (aka. “The Aquapella Lounge”) with a gaming station. An Internet lounge with available snacks is also planned, where residents can hook up their laptop computers to available WiFi and printers.

Outdoor amenities include a spectacular infinity pool surrounded by chaise lounges. Volleyball and basketball courts will be available for games with friends and fellow residents. An expansive rolling lawn area will feature outdoor movies during summer evenings. Individual and community barbecue stations will offer an opportunity for residents to enjoy a taste of outdoor cooking any time of the day. The Modern will have a covered dog walking area and pet spa. Separate indoor and outdoor children's play areas will be created for the community's youngest residents. A large indoor parking garage will be conveniently located with direct access to the building.

The Modern's grand, two-story lobby will feature 24/7 concierge and doorman service as well as package and dry cleaning reception and refrigerated storage availability. The tower is also wired for free WiFi access and clear cellular phone service throughout.

In line with The Modern’s offering of a completely lifestyle experience, SJP will create a one and three-quarter-acre beautifully landscaped public park outside the tower that will include water features and walking paths reminiscent of Central Park in New York City. The park will also host a 7,000-square-foot restaurant with indoor and open-air dining, as well as a refreshment kiosk. Additionally, SJP will develop a 13,000-square-foot building to be donated to the Borough of Fort Lee, which will house a large public theater and a public museum.

The Modern is conveniently located at 800 Park Avenue, less than one hundred yards from the George Washington Bridge and minutes to the express Manhattan subway courtesy of the community’s dedicated shuttle service.

SJP is developing The Modern in partnership with Prudential Real Estate Investors and Northwestern Mutual Life Insurance Company. The tower is part of a larger mixed-use redevelopment of a 16-acre site that will contain 165,000 square feet of retail in an adjoining development parcel.

For more information on The Modern or to sign up for the community’s Priority Registration list, visit www.RentTheModern.com, call 201-461-2888 or email info@RentTheModern.com.

SJP Properties Signs 72,000-SF Lease Expansion with Thomson Reuters at Waterfront Corporate Center II
April 3, 2014  |  Press Release

Company to Relocate 450 Employees to Premier Hoboken Business Complex

HOBOKEN, N.J. (April 3, 2014) – SJP Properties today announced that it has signed a significant lease expansion with Thomson Reuters at Waterfront Corporate Center II, one of three Class A office and retail buildings within SJP’s high-performance, mixed-use business complex in Hoboken, N.J.

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has taken an additional 72,000 square feet of office space at Waterfront Corporate Center II, where it now leases a total of 93,000 square feet. The additional space will support the relocation of 450 of Thomson Reuters’ employees from New York City to Hoboken.

Joseph Cabrera and Tim Kuhn, formerly of Cushman & Wakefield, represented Thomson Reuters in the transaction. SJP was represented in-house by Senior Vice President Peter Bronsnick.

“The decision by Thomson Reuters to expand at Waterfront Corporate Center and relocate a large portion of its workforce to the complex can be attributed to Hoboken’s position as a premier transit hub that offers an unparalleled live-work-play environment,” commented Steven J. Pozycki, CEO of SJP Properties. “This expansion will provide a considerable boon to the local and state economies, with the New Jersey Economic Development Authority estimating a net benefit to the State of $123 million from this transaction.”

Leveraging its expertise in project and construction management, SJP will oversee the build-out of Thomson Reuters’ expansion space. The company is expected to take occupancy of its new space during the third quarter of the year.

Situated within the heart of Hoboken’s master-planned, pedestrian-friendly waterfront, Waterfront Corporate Center is the city’s most successful mixed-use development. The three-building complex comprises 1.5 million square feet of Class A commercial space adjacent to the W Hoboken Hotel and just steps from Hoboken Terminal’s NJ TRANSIT, PATH, NY Waterway Ferry and Light Rail connections.

The complex’s on-site amenities include a state-of-the-art fitness center for tenants. In addition to Thomson Reuters, several high-caliber corporations call Waterfront Corporate Center home, including Pearson, Marsh & McLennan and Octapharma.

SJP is currently constructing the third and final building within Waterfront Corporate Center, a 14-story, 550,000-square-foot Class A building designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver-certified office and retail building. Learning company Pearson will serve as the lead tenant of Waterfront Corporate Center III, being developed in partnership with USAA Real Estate Company.

Pearson will occupy 200,000 square feet of Waterfront Corporate Center III. SJP is marketing the remaining 275,000 square feet on the tower floors seven through 14. In addition to the office space, the ground level of the building will have approximately 25,000 square feet available for retail use. SJP is also constructing a 200-car underground parking garage to provide direct covered access parking for the building.

Reflective of Waterfront Corporate Center’s position as one of the state’s preeminent business addresses, the complex features highly efficient floor plates and floor-to-ceiling glass windows that permit natural light to penetrate deep into the floors and offer unobstructed New York City and Hudson River views. SJP has incorporated energy-efficiency and air quality control features throughout to provide a healthier and more sustainable work environment for the complex’s tenants.

The waterfront neighborhood where Waterfront Corporate Center is located is enhanced by the Port Authority’s investment of more than $80 million in infrastructure improvements along the river, evidenced by two piers that have been converted into beautiful, water-surrounded recreational parks and a tree-lined boulevard. The five-acre park at Pier A includes an open lawn area, fountain, tree grove, pavilion and amphitheater space for tenant use. The two-and-a-half acre park at Pier C features a playground as well as a promenade at its eastern edge with lawn areas and a fishing pier.

As one of the New York Metropolitan Area’s most active development companies, SJP Properties currently has several developments under construction in New Jersey. In addition to Waterfront Corporate Center III, SJP is developing The Modern, a $500-million luxury residential development highlighted by two 47-story iconic glass towers situated in the heart of the enhanced downtown district in Fort Lee, N.J. SJP is also the build-to-suit developer and project manager for Prudential Investment’s new headquarters along Broad Street in Newark, N.J., the first phase of which includes a 28-story, 750,000-square-foot Class A office building designed to achieve LEED certification.

SJP Properties Founder Steven J. Pozycki to Receive NAIOP New Jersey Lifetime Achievement Award
April 23, 2013  |  Press Release

Leading Industry Executive Honored for Significant Contributions to Garden State’s Commercial Real Estate Landscape

PARSIPPANY, NJ (April 23, 2013) – Steven J. Pozycki, Founder, Chairman and CEO of leading real estate development company SJP Properties, will accept NAIOP New Jersey’s Lifetime Achievement Award during the organization’s 26th Annual Commercial Real Estate Gala on May 9. 

The award, NAIOP New Jersey’s highest honor, recognizes Pozycki for his distinguished and longstanding record of exemplary service to the commercial real estate industry and the greater community. Since founding Parsippany-based SJP Properties in 1981, Pozycki, a New Jersey native, has forged the company’s continued growth to become one of the preeminent developers of Class A commercial and premier residential properties throughout the New York Metropolitan Area.

“Known for his unwavering attention to detail and unparalleled work ethic, Steve is highly regarded for the consistent leadership he has demonstrated in bolstering New Jersey’s competitive edge through best-in-class development and furthering the state’s economic growth objectives,” said Michael McGuinness, CEO of NAIOP New Jersey. “A true icon of New Jersey real estate, Steve has played an integral role in making the Garden State a truly great place to live and work, and we are extremely pleased to recognize him with this prestigious honor.”

More than 30 years since the company’s founding, SJP continues to be one of the most active developers in New Jersey, with nearly a $1 billion of ground-up development currently under construction throughout the state.

One of the most high profile of these developments is the new, 340,000-square-foot Class A office building that SJP is developing in partnership with Matrix Development Group to serve as the new U.S. headquarters for Panasonic Corporation of North America. The 12-story, state-of-the-art building is the first new office development for Newark’s downtown in nearly two decades. Heralded by Newark Mayor Cory Booker as the “single greatest economic accomplishment” of his administration, the project is a prime example of SJP’s role in furthering the state’s master plan objective of smart growth development in urban centers near existing infrastructure.

In Hoboken, SJP is also under construction on a new Class A office and retail building that, much like the Panasonic project, will serve as a significant driver of economic growth in one of New Jersey’s premier urban hubs. Waterfront Corporate Center III, a 500,000-square-foot, build-to-suit office and retail building, will house up to 900 of learning company Pearson’s employees, and is the culmination of SJP’s pioneering efforts to transform a portion of the Hoboken waterfront into 1.5 million square feet of Class A commercial space. Designed as New Jersey’s only waterfront Leadership in Energy and Environmental Design (LEED) Silver Certified office building, the property will significantly contribute to the state’s inventory of cutting-edge, transit-oriented office space.

In addition to the significant impact SJP has made on New Jersey’s commercial real estate landscape, the company is also currently developing The Modern, a $500 million development highlighted by two iconic 47-story, luxury residential towers at the foot of the George Washington Bridge in Fort Lee. Under construction on a prominent redevelopment site that had sat undeveloped for more than 40 years, The Modern is the latest example of SJP’s commitment to the creation of superior residential properties, and will provide in-demand, luxury rental housing to an underserved market of New Jersey.

“I am extremely honored to receive this prestigious award from NAIOP New Jersey. Since our company’s founding, we have remained focused on the New York Metropolitan Area, and New Jersey in particular, with a strong commitment to the development of high-quality properties that have a positive impact on the State and the individual communities in which we build and invest,” Pozycki said. “But beyond the quality of our portfolio, my proudest achievement is the creation of a world-class team of professionals at SJP Properties, who are just as dedicated as I am to continuing the track record of success we have been fortunate to experience throughout our history. It is due to the collective efforts of our entire team that SJP Properties continues to play an active part in the ongoing improvement of New Jersey’s real estate landscape.”

Prior to his founding SJP Properties, Pozycki had 10 years of institutional experience in the real estate finance field, first with Metropolitan Life Insurance Co., where he trained and worked on new business and loan workouts for the Northeast region. He then joined Equitable Life Assurance Society, where he worked on new business production for acquisitions, joint ventures and participating debt on all types of commercial real estate projects in the western half of the country.

Pozycki began his career in commercial real estate in 1981 when he opened a finance office for Lincoln Property Company in New York City that became Lincoln's in-house investment banking operation. Shortly thereafter, he acquired and began developing his first project, known as Morris Corporate Center, a 182-acre corporate park in Parsippany. Since that time, he and the SJP team have successfully developed nearly 25 million square feet of ground-up real estate in partnership with major public and private institutions.

SJP Properties Hires Enrique Alonso to Expand New York City Development and Investment Platform
April 10, 2013  |  Press Release

Alonso Joins Company as a Senior Vice President Focused on Business Development

NEW YORK, NY (April 10, 2013) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced the hiring of Enrique Alonso as Senior Vice President.

In this role, Alonso is responsible for business development, including sourcing and financing for commercial and residential real estate investment and development opportunities in the New York market. As a member of the company’s marketing and leasing team, Alonso is also active in the marketing of SJP’s existing New York assets, including 11 Times Square, a 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown Manhattan owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors. SJP has completed several significant lease transactions at the tower with high-caliber global companies, including Proskauer, Microsoft and eMarketer. Currently, 11 Times Square is more than 70 percent leased, including the entirety of the tower’s retail space.

“We are extremely pleased to welcome Enrique to our organization as we leverage our strong market position and integrated platform to execute on new investment and development opportunities, particularly with regard to our long-term core focus on high-quality build-to-suit development, as well as third-party construction management services,” stated Steven J. Pozycki, CEO of SJP Properties. ”Enrique brings to our organization unique market insight and experience in global business advisory that will significantly assist our team in building on the momentum we have established in the leasing and marketing of our current assets, and contribute to the growth of our New York City presence.”

Prior to joining SJP, Alonso was as an executive in CBRE’s Global Corporate Services group. In that capacity, he advised clients on their global real estate strategies, including leasing, divestitures and acquisitions. Alonso also previously served as a Management Consultant with Bain and Company, one of the world’s leading business consulting firms, where he advised clients throughout the world, as well as a Business Development Director with the National Basketball Association.

Alonso is a graduate of Amherst College, where he earned a Bachelor of Arts degree, and holds a Master of Business Administration from Stanford Graduate School of Business.    

“I saw this as a tremendous opportunity to join a world-class organization and work collaboratively to identify new opportunities that complement and enhance the company’s New York portfolio,” added Alonso. “SJP’s long-standing relationships with many of the industry’s leading financial institutions, along with its unparalleled track record in the development of best-in-class buildings, strongly position the company for continued growth, and I look forward to playing a key role in the future of the organization.”

In addition to SJP’s New York assets, the company is highly active with several developments that are currently under construction, including a new, 340,000-square-foot, Class A office building in Newark, N.J., that will serve as Panasonic Corporation of North America’s U.S. headquarters; a 500,000-square-foot, Class A office and retail tower in Hoboken, N.J., that will be anchored by Pearson; and The Modern, a $500 million development in Fort Lee, N.J., highlighted by two, 47-story glass residential towers.

SJP Properties Signs Headquarters Lease With eMarketer at 11 Times Square
February 26, 2013  |  Press Release

Leading Information Resource for Marketers Attracted to Tower’s Strategic Location and Techno-Advanced, LEED-Certified Office Space

NEW YORK, NY (February 26, 2013) – SJP Properties today announced that eMarketer, a leading global information resource on digital marketing, media and commerce, has signed a 53,000-square-foot lease at 11 Times Square, a new, state-of-the-art, 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

Relocating from Lower Manhattan, eMarketer was attracted to 11 Times Square’s location and state-of-the-art technology, security and energy-efficiency features, which combine to create an optimized work environment that supports enhanced employee productivity.

“We believe a world-class work facility is fundamental to our company culture and our ability to provide world-class information to clients,” said eMarketer CEO Terry Chabrowe. “Establishing a new headquarters at 11 Times Square will help us continue to expand our team and meet growing demand from businesses worldwide looking to better understand the digital marketplace.”

The company will occupy the entirety of floors 12 and 14 at the tower, establishing its headquarters within Manhattan’s foremost transit hub location. Situated directly across from the Port Authority’s bus terminal, 11 Times Square features direct subway access to all New York City destinations, and is only one subway stop from both Penn Station and Grand Central Terminal.

"This building continues to attract a diverse base of leading-edge global companies in search of a modern and strategically located business address that delivers the advanced technology infrastructure needed to assist them in maintaining their advantage in today’s competitive marketplace,” stated Steven J. Pozycki, CEO of SJP Properties. “In particular, eMarketer’s employees and clients will enjoy superior transportation access to and from the building, as well as a healthy and energy-efficient office environment due to 11 Times Square’s LEED-Platinum indoor air quality and sustainability features.”

CBRE Executive Vice President Timothy Dempsey, Senior Vice President Roger Griswold and Senior Associate Greg Maurer-Hollaender represented eMarketer in the transaction, while Jones Lang LaSalle Vice Chairmen Mitchell Konsker and Paul Glickman and Senior Vice President Diana Biasotti represented SJP Properties. Jones Lang LaSalle serves as the exclusive leasing agent for 11 Times Square. 

Designed as Midtown’s most advanced new commercial tower, 11 Times Square was developed using a precedent-setting concrete core construction model that ensures protection of the building’s critical infrastructure and overall enhanced safety for tenants. The tower features a highly efficient glass curtain wall that works to reduce heating and cooling costs throughout the building.

Located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square, led by many of the world’s leading law firms and global financial services companies.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces. 

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood. 

With eMarketer’s lease, 11 Times Square is more than 70-percent leased to a world-class roster of tenants that includes leading global law firm Proskauer, as well as Microsoft, which signed a long-term lease at the building earlier this year.

Microsoft Signs Lease at SJP Properties’ 11 Times Square
January 7, 2013  |  Press Release

Leading Global Software Company Attracted to Tower’s Premier Transit Hub Location and Superior Technology

NEW YORK, NY (January 07, 2013) – SJP Properties today announced that Microsoft, the world’s leading software company, has signed a long-term lease at 11 Times Square, the company’s new, state-of-the-art 1.1-million-square-foot, LEED-Gold-certified office and retail tower in Midtown. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

The lease reflects Microsoft’s commitment to establishing its presence within Manhattan’s foremost transit hub location. Situated directly across from the Port Authority’s bus terminal, 11 Times Square features direct subway access to all New York City destinations, and is only one subway stop from both Penn Station and Grand Central Terminal, the city’s two major transportation hubs.

The lease also demonstrates Microsoft’s focus on providing its employees with a high-performance, technologically superior work environment. From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall, to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

"Microsoft’s decision to lease space at 11 Times Square is another significant sign that this building is being targeted by top-tier global firms looking to maintain their competitive edge by locating within transit hubs that provide unparalleled access and convenience to their employees, clients and customers,” stated Steven J. Pozycki, CEO of SJP Properties. “Situated in one of the top transportation centers in Manhattan, 11 Times Square delivers numerous location advantages. When coupled with the tower’s superior technology, safety and robust energy-efficiency features, this tower promotes an enhanced quality of work life and employee productivity, and we are pleased to deliver on that promise for Microsoft.”

Jones Lang LaSalle Managing Director Lisa Kiell represented Microsoft in the transaction, while Jones Lang LaSalle Vice Chairmen Mitchell Konsker and Paul Glickman and Senior Vice President Diana Biasotti represented SJP Properties. Jones Lang LaSalle serves as the exclusive leasing agent for 11 Times Square.

“This is a highly strategic move by Microsoft to relocate to a first-rate, technologically advanced building with strong and responsive ownership,” stated Konsker. “This building is managed like a five-star hotel and is complementary to Microsoft’s identity as a global leader in the technology sector. The benefits to the company and its employees of occupying a building that offers the location and energy-efficiency advantages of 11 Times Square are significant and will have an immediate, positive impact on its business.”

Located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square helps to define the western gateway to the 42nd Street/Times Square business corridor. Since the mid-‘90s, the neighborhood has been the beneficiary of a significant migration in the tenant population in Midtown toward Times Square, led by many of the world’s leading law firms and global financial services companies.

The building’s premier concierge-level services include a high-tech, state-of-the-art elevator dispatch system that minimizes tenant wait and is integrated with the building's security system; an advanced visitor check-in system; a large, secured, fully-efficient loading dock; and a messenger/mail center and delivery area specifically designed to maximize ease of use by tenants. The building’s highly efficient office space features floor-to-ceiling windows and column-free corner offices, as well as multiple private terraces.

The tower offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that define Times Square as an iconic neighborhood.

Upon 11 Times Square’s completion in 2011, the global law firm of Proskauer relocated to more than 400,000 square feet at the building. In 2012, SJP completed seven additional leases at the building, including a long-term lease with Global Food International Corporation for approximately 25,000 square feet of the building’s retail space. With Microsoft’s lease, the building is now more than 70 percent leased.

News

SJP Properties Signs 40,000-Square-Foot Office Lease with Jet.com at Waterfront Corporate Center III
Press Release  |  December 19, 2014
SJP Properties Announces New Office Lease with Kent Beatty & Gordon at 11 Times Square
Press Release  |  October 31, 2014
SJP Properties Announces New Office Lease with Global Financial Technology Company Ullink at 11 Times Square
Press Release  |  October 13, 2014
SJP Residential to Launch Pre-Leasing for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
Press Release  |  September 15, 2014
The Closing with Steven Pozycki
The Real Deal  |  September 1, 2014
SJP Announces New Office Lease with Answers Corporation at 11 Times Square
Press Release  |  July 23, 2014
SJP Properties moving exec team to 11 Times Square
The Real Deal  |  July 15, 2014
SJP Residential Launches Priority Registration for The Modern – New Jersey’s Most Exciting New Luxury Apartment Community
Press Release  |  July 8, 2014
SJP Properties Signs 72,000-SF Lease Expansion with Thomson Reuters at Waterfront Corporate Center II
Press Release  |  April 3, 2014
SJP Properties Founder Steven J. Pozycki to Receive NAIOP New Jersey Lifetime Achievement Award
Press Release  |  April 23, 2013
SJP Properties Hires Enrique Alonso to Expand New York City Development and Investment Platform
Press Release  |  April 10, 2013
SJP Properties Signs Headquarters Lease With eMarketer at 11 Times Square
Press Release  |  February 26, 2013
Microsoft Signs Lease at SJP Properties’ 11 Times Square
Press Release  |  January 7, 2013

Contact

New York
Eleven Times Square
New York, NY 10036
212-335-2200
New Jersey
379 Interpace Parkway
Parsippany, NJ 07054
973-299-9117
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