Morristown Lands KPMG, Officials Confirm At Reorganization Meeting

MORRISTOWN, NJ — Morristown is adding another high-profile name to its roster in the new year. This fall, Big Four accounting firm KPMG will relocate its New Jersey office from Short Hills to Morristown.

The news was confirmed by Mayor Tim Dougherty at the town's annual reorganization meeting, which was held on Tuesday.

In the coming year, approximately 1,000 KPMG employees will relocate to Morristown. The accounting and consulting giant is set to occupy the top four floors of the West Tower at Headquarters Plaza, with plans to move its New Jersey headquarters from Short Hills in 2026.

"That means two of the big four…There are international accounting firms that will now call home Morristown. All over the world, two of the biggest out of the four are now in Downtown Morristown. That really says something about our community," Dougherty said.

A KPMG spokesperson told NJBIZ that the move is aimed at better accommodating employees in the area. The relocation will represent a 20% expansion in space and provide direct connectivity to New York Penn Station, as well as to KPMG’s new headquarters at Two Manhattan West, set to open in about a year.

HQ Plaza is owned in partnership by The Olnick Organization and Fisher Development Associates. The space currently offers a range of amenities, including underground parking, onsite daycare, a 10-screen AMC theater, a café, a fitness center with an indoor pool, and access to meeting rooms, two ballrooms and videoconferencing at the Hyatt.

In recent years, Morristown has attracted a number of high-profile corporate tenants.

Valley National Bank built a new, ground-up headquarters along Speedwell Avenue, while SJP Properties’ M Station developments have successfully attracted companies like Sanofi and Deloitte.

"All of this investment is a testament to the hard work done over the last several years to restore health to our business district and reflects the continued attractiveness of our humble town, employees and residents alike," Dougherty added.