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SJP Properties Signs CRC Insurance Services to 19,000 square feet

CRC Insurance Services signs lease for 19,000 square feet at Morris Corporate Center; Company’s Decision to Relocate Corporate Offices to Class A Business Center; Reflects Flight-to-Quality Trend

PARSIPPANY — SJP Properties announced that CRC Insurance Services has signed a new office lease for 19,000 square feet at Morris Corporate Center IV – 389 Interpace Parkway. 

 The premier headquarters location in Morris County, Morris Corporate Center offers tenants a strategic location just one-half mile from the four-way interchange of Interstates 80 and 287 and Routes 202 and 46, providing exceptional access to the area’s strong labor market. Additionally, SJP Properties – which maintains its own New Jersey offices at 389 Interpace Parkway – has created a high-quality amenity package for the building’s tenants that includes a newly renovated cafeteria, conference facilities, and a brand new state-of-the art fitness center. 

CRC Insurance, which will locate its executive offices at its new space in Morris Corporate Center, was represented in the transaction by Steve Andrews, Senior Vice President at Fischer & Company. SJP Properties was represented in-house by Senior Vice President Peter Bronsnick. 

“CRC Insurance recognized Morris Corporate Center as an ideal location for its executive offices as the complex provides a rare combination of quality, accessibility, and upgraded amenities to effectively support the company’s operations,” commented Steven J. Pozycki, CEO of SJP Properties. “Transactions such as this reflect a continued flight to quality among tenants in the market, in which companies increasingly appreciate the impact that locating in a high-quality office environment has on workplace efficiency and productivity.”

Morris Corporate Center features an open-air courtyard complete with a granite water fountain and park-like seating. Across the courtyard is a four-level parking garage for ease in commuting. Surface parking and circular driveways for visitors provide easy, direct access to the building. 

In addition to its on-site amenities, the complex is near to the Denville and Mountain Lakes train stations, restaurants, retail establishments, a 150-room extended stay Staybridge Suites hotel within the Morris Corporate Center, conference centers, daycare facilities and schools. Newark Liberty Airport is only 17 miles to the east of the campus, and Morristown Airport, used heavily by corporate executives, is just seven miles to the south.

As part of its commitment to green building practices, SJP Properties has achieved the U.S. Environmental Protection Agency’s (EPA) prestigious Energy Star recognition for 389 Interpace Parkway. The recognition signifies that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency and meet strict energy efficiency performance levels set by the EPA. Commercial buildings that earn Energy Star certification use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere.

About SJP Properties
SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. The company is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital.

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Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, President of Kiwanis Club of Tri-Town and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
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