SJP puts BMW in the driving seat at 130,000 s/f site.

SJP Properties has acquired Ingersoll Rand Corporation's 130,000 s/f former headquarters facility and 40 acres of land on behalf of BMW North America, LLC.

BMW plans to significantly expand its North American headquarters on the site, as well as on an additional 40 acres that BMW currently owns and occupies adjacent to the Ingersoll Rand location.

SJP Properties has previously worked with BMW North America on its existing site, addressing the leading company's space needs.

SJP Properties assisted BMW in the acquisition of the former Ingersoll Rand site and will also serve as Development Consultant, master planning both sites, for this new BMW North America headquarters campus. SJP Properties' role will include planning, designing, constructing and retrofitting the existing facility.

Additionally, the site, which now spans 80 acres, allows for future development potential and will feature approximately 1,000 parking spaces.

BMW has called the Montvale/Woodcliff Lake area home since 1975 and will be consolidating from its two other area locations into this state-of-the-art campus.

"With the assistance of SJP Properties, the acquisition of this property will enable BMW to support our growth and create an 85-acre campus to serve as our U.S. headquarters," said Tom Purves, chairman and CEO of BMW (U.S.) Holding Corp.

"SJP Properties has built an impressive track record creating the finest office facilities in the region and we look forward to the completion of this world-class project for BMW."

Steven J. Pozycki, Chairman and CEO, SJP Properties, said, "This is great news that one of the world's leading multi-national corporations is continuously growing in New Jersey and is planning a significant new investment to expand its operations.

"SJP Properties has a long and successful track record of serving Corporate America's complex facility requirements and this development is destined to be another signature corporate campus."