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Transactions - JUNE 13, 2022

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SJP hosts groundbreaking for New Valley National Bank HQ in Morristown

by Released

SJP Properties, Scotto Properties, and The Donnelly Family Trust have broken ground on the headquarters for the Valley National Bank in downtown Morristown, N.J.

One of the only significant new office projects under construction in New Jersey, Valley’s new headquarters is expected to bring more than 660 professionals to Morristown’s downtown when it is scheduled to be completed in the spring of 2023.

“Breaking ground on this milestone commercial development — the second new headquarters building for Morristown in just the last two years — cements our town’s stature as an in-demand hub for corporations that want to offer their workforces more than just a great building, but an entire community rich with culture and connectivity,” said Morristown Mayor Timothy Dougherty. “We’re eager to welcome Valley into the fabric of our renowned community and enjoy the enriching symbiotic relationship that Valley’s corporate workforce presence will share with our

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