MORRIS PLAINS — JCP&L has secured a new regional headquarters with a 58,000-square-foot lease at 115 Tabor Road, marking the latest major addition to a former Honeywell International campus.
According to FirstEnergy Corp., JCP&L’s parent company, the new office will house approximately 150 employees. The lease, signed late last year, will allow JCP&L to transition to the Morris Plains location once renovations are completed.
The move adds another major tenant to the 465,133-square-foot property, which Argent Ventures LLC acquired in 2020 following Honeywell’s departure in 2018. JCP&L’s relocation comes after the company confirmed plans to sell its existing regional headquarters at 300 Madison Avenue, in Morris Township, a 210,000-square-foot facility, as part of a broader facility optimization plan.
“As part of our ongoing facility optimization plan, we are working to sell our Morristown General Office at 300 Madison Ave. and have submitted a filing with the New Jersey Board of Public Utilities for approval of the contemplated sale,” said Christopher Hoenig, a spokesman for FirstEnergy Corp. “JCP&L maintains headquarters in both our northern and central regions.”
The Tabor Road campus has a rich history. It served as Honeywell’s headquarters beginning in 2015 when the company opted to remain in New Jersey rather than relocate to Pennsylvania. Former Governor Chris Christie played a key role in retaining the company, securing a $40 million tax credit. However, by late 2018, Honeywell announced its move to Charlotte, North Carolina, while pledging to maintain 800 employees in Morris Plains.
Argent Ventures acquired the property in a sale-leaseback deal and rebranded the campus as The Crossing at Tabor Road. The site has since attracted key tenants, including Cigna Corp., which in 2021 leased a significant portion of 115 Tabor Road to house Evernorth Health Services, its healthcare division.
JCP&L also maintains an office at Holmdel’s Bell Works campus.
With its new lease in Morris Plains, JCP&L will join a growing hub of businesses at The Crossing at Tabor Road, reinforcing the site’s reputation as a premier corporate destination.
