The New Jersey chapter of NAIOP has announced the finalists for its Deal of the Year awards, with the winners to be announced May 11 at the organization’s Commercial Real Estate Awards Gala.
The New Jersey chapter of NAIOP has announced the finalists for its Deal of the Year awards, with the winners to be announced May 11 at the organization’s Commercial Real Estate Awards Gala.
At the gala, Arthur Greenbaum of Greenbaum Rowe Smith & Davis LLP will receive a lifetime achievement award.
Deal of the Year nominees include:
Industrial
- Blue Apron inked a 495,000-square-foot lease at Legacy Commerce Center in Linden back in 2016, which was facilitated by CBRE, becoming the largest tenant in the industrial park. Duke Realty owns the development.
- An unnamed e-commerce giant leased 1.24 million square feet at Cranbury Station Park, Cranbury, from Rockefeller Group and Alfieri LLC. Cushman & Wakefield was also involved in the transaction.
Office
- In 2016, Cushman & Wakefield, Normandy Real Estate Partners, Unilever and OVG Real Estate redeveloped 700 and 800 Sylvan Ave. in Englewood Cliffs. The redevelopment followed a series of transactions, which included Project Unify’s corporate facility.
- Daiichi Sankyo relocated to 211 Mount Airy Road, Basking Ridge. In merely 60 days, the company consolidated its operations into one U.S. headquarters, allowing previous tenant Avaya a suitable relocation. Onyx Equities, Rubenstein Partners, Newmark Grubb Knight Frank, Cresa and Cushman & Wakefield were all part of the transaction.
- Summit Medical Group closed a built-to-suit lease in Florham Park for 130,000 square feet. The site, which is owned by the Rockefeller Group, will house the Summit Medical Group MD Anderson Cancer Center. Rockefeller Group, Summit Health Management, Cushman & Wakefield, Riker Danzig Scherer Hyland & Perretti, Rotwein & Blake, Bohler Engineering, Vanderwell Engineering, O’Donnell & Naccarato, Nixon Peabody LLP, Stantac Consulting Services Inc., Cannon Design, Mitchell Planning and Gilbane Building Co. were all part of the transaction.
Mixed-use
- Prism Capital Partners and an investment manager based in Boston purchased the 116-acre Hoffmann-La Roche US headquarters and research and devleopment campus in Nutley and Clifton. JLL secured Hackensack Meridian Health and Seton Hall University to anchor the redevelopment. JLL, Prism Capital Partners, Gibbons P.C., Fox Rothschild LLP, Real Estate Strategies Group LLC, Franzini Consulting LLC, Hackensack University Medical Center, Cushman & Wakefield, Windels Marx Lane & Mittendorf, Connell Foley LLP and Inglesino, Webster, Wyciskala & Taylor LLC were part of the transaction.
- Garibaldi Group, CORFAC International and CBRE completed a lease of 350,000 square feet at Bell Works for iCIMS, making the company the anchor tenant in the 2 million-square-foot property. Somerset Development, Garibaldi and CBRE were involved in the transaction.
