Stephen J. Garchik

Managing Partner, SJM Partners

Stephen Garchik has been a real estate developer and owner for 37 years. In that time, he and his partners at The Evans Company of McLean, Virginia, and subsequently at SJM Partners Inc. of Delray Beach, Florida, have developed approximately 4,000,000 square feet of office space, 2,000,000 square feet of residential properties, 5,000,000 square feet of self-storage projects, 1,200,000 square feet of retail space and 500,000 square feet of an industrial product.  

Many of these projects were headquarters for tenants such as the Army Corps of Engineers in Baltimore (330,000 rentable square feet), National Science Foundation (550,000 rentable square feet), Booz Allen Hamilton (750,000 rentable square feet), ICF (200,000 rentable square feet) and the United States Postal Service (400,000 rentable square feet).  

In addition, Stephen has been involved in the development of regional campuses for Mobil Oil (250,000 square feet), SAIC (600,000 square feet), and Sprint (120,000 square feet). Retail projects include developing stores for K-mart, Costco, Builders Square, drugstores, and four grocery-anchored and shopping-anchored centers. Further, Stephen is a principal in the GW Bridge redevelopment project in Manhattan that includes approximately 120,000 square feet of new retail development.  

Stephen Garchik’s residential experience includes 4.5 million square feet of master-planned, developed or constructed mixed-use and standalone residential projects. The development value of these projects is in excess of $1.2 billion and includes projects in Florida, Washington DC, New York, and Baltimore. Residential developments include high-rise luxury rental projects in Washington, DC, and Baltimore and student housing for 2,500 students at the University of Maryland.

Self-storage projects developed include 22 properties in the northern New Jersey and New York City metropolitan area, 12 properties in South Florida, and 18 properties in the Washington, DC market. Key partners on these various projects include Northwestern Mutual Life Company, Walton Street Capital, JMB Corporation, Lehman Brothers, the Marriott family, the Goelet family (of New York City), and Clark Construction Company.