The Real Deal New York

SJP Properties is playing both sides of the Hudson

Developer continues massive building streak in NJ, despite a growing list of Manhattan projects
By Matthew Egan | June 10, 2016 11:00AM


SJP Properties executives: Steven Pozycki, the founder, seated. Standing, left to right: Allen Goldman, Jeffrey Schotz, David Welch and Enrique Alonso.

From the New Jersey Market Report: Steven Pozycki is Jersey to the core. So is the firm he founded, SJP Properties, long based in Parsippany, New Jersey. So it surprised some industry insiders when the executives moved a few years ago into 11 Times Square, a Manhattan office building they own.

Yet the shift wasn’t as dramatic as it sounds. Although the C-Suite moved to New York City to keep an eye on its expanding list of projects there, the vast majority of the employees remained in the Parsippany headquarters. And the development focus remains in the Garden State. “We certainly haven’t forgotten about New Jersey,” said Pozycki, SJP’s chairman and CEO. [more]