March 1, 2022
MORRISTOWN, N.J- Valley National Bank will be moving their headquarters from Wayne to Morristown, announced SJP Properties, in partnership with Scotto Properties. Valley’s new base of operations is expected to bring more than 660 professionals to Morristown’s thriving downtown district.
The new headquarters will replace a string of vacant structures located on five lots along Speedwell Avenue. The new building will be situated directly across the street from the recently renovated Hyatt Hotel, Top Golf and 1776 On the Green restaurant.
Valley’s new headquarters will have approximately 120,000 square feet of office space and hallmarks that include floor-to-ceiling windows, abundant natural light, and skyline views. Other features include operable glass walls open to three outdoor terraces, creating an indoor-outdoor environment that makes Morristown’s pastoral landscape part of the workplace. The ground floor features a dramatic lobby entrance with soaring ceilings, along with 14,500 square feet of available retail space, a portion of which is planned to house a new Valley retail banking branch.
Demolition is currently underway at the future site and is expected to be completed in March 2023.
Valley’s headquarters is a modern interpretation of the masonry tradition of historic Morristown, featuring a careful balance of glass, metal and warm brick tones that embraces the character of the neighborhood.
“As Valley continues to evolve into a forward-thinking financial institution, we view Morristown as the ideal location for our immediate and long-term future,” remarked Valley CEO Ira Robbins. “Having partnered with and supported many Morristown organizations and nonprofits over the years, we are excited to establish a permanent home within this vibrant community. SJP Properties has a proven track record of creating and operating exceptional workplaces that propel the success of the businesses that occupy them — making them the perfect partner to envision and build our new base of operations.”
“Valley’s relocation to Morristown will serve as a major force to further invigorate our dynamic downtown ecosystem,” said Morristown Mayor Timothy Dougherty. “By bringing Valley’s growing workforce to Speedwell Avenue, within walking distance of a plethora of retail and dining options, the development will have an enormous impact on the local economy. We look forward to welcoming Valley — a company that has supported our community for decades — to its new home.”
Valley’s new headquarters is situated near public transit options, including the Midtown Direct NJ Transit service to New York Penn Station, creating a suburban office building that confers the benefits of a premier downtown location, making it accessible to Valley associates throughout the region.