Deloitte Signs 110,000 SF Lease Deal at Downtown Morristown Project
The deal is contingent on New York City-based SJP Properties and Scotto Properties of Morristown securing full municipal approvals for the mixed-use project that will feature two headquarters Class A buildings.
MORRISTOWN, NJ—Deloitte has signed a lease for 110,000 square feet of space at the proposed M Station redevelopment project in Downtown Morristown.
The deal is contingent on New York City-based SJP Properties and Scotto Properties of Morristown securing full municipal approvals for the mixed-use project that will feature two headquarters Class A buildings.
Deloitte plans to relocate its operations in Parsippany to M Station, and will occupy all of the office space—floors two through six—of M Station East, which is planned to be six stories and approximately 120,000 square feet, including 10,000 square feet of first-floor retail space, as well as lobby and building services areas.
M Station West is planned to be seven stories and approximately 253,000 square feet, which will include more than 230,000 square feet of office space and 23,000 square feet of retail, plus lobby and building services areas.
Deloitte’s US headquarters is located in New York City.
Cushman & Wakefield brokered the lease transaction for both parties. David Stefancic, Lexis Livengood, Ben Brenner and Josh Cohen represented Deloitte, while Robert Donnelly, Robert Donnelly, Jr. and Brian Decillis represented SJP and Scotto.
“Our transition to M Station reflects Deloitte’s commitment to our people, to our clients and to New Jersey,” says Paul Krieger, New Jersey managing partner, Deloitte LLP. “This space will promote a collaborative, sustainable work environment that will help us serve clients with distinction, while anticipating the needs of today’s workforce.”
Designed by Gensler to achieve LEED certification, M Station’s two buildings will be bridged by a 1,000-car parking structure that will be constructed in two phases and include public parking for the development’s on-site retail.
The development team has also planned a roundabout for the intersection of Morris and Spring streets.
Cushman & Wakefield brokered the lease transaction for both parties. David Stefancic, Lexis Livengood, Ben Brenner and Josh Cohen represented Deloitte, while Robert Donnelly, Robert Donnelly, Jr. and Brian Decillis represented SJP and Scotto.