NAIOP New Jersey will roll out the red carpet this week to celebrate its 38th Annual Commercial Real Estate Awards Gala May 15.

In addition to the 2025 Commercial Real Estate Awards, the event will also reveal this year’s Deal of the Year winners. See below for a closer look at all of this year’s honorees.

Dan Kennedy, chief executive officer at NAIOP NJ, highlighted the importance of the marquee gala. “The proceeds from this event serve as a large revenue driver to fund chapter operations and advancing our strategic plan,” he explained. “Our advocacy program is fighting every day to push back on proposed legislation and other policies that are seeking to deflate CRE opportunities.

“This year, more than ever, support for the Gala is needed so we can increase the defense of our interests and get ready for a new Governor in 2026.”

This year, NAIOP NJ will distribute the following Commercial Real Estate Awards:

Charles Klatskin Lifetime Achievement Award – pays tribute to an individual who has had a distinguished record in service to the industry and the community

Jeffrey Milanaik, Northeast region partner, Bridge Industrial LLC and former NAIOP NJ chapter President and corporate chair

Carin S. Franzini Public Partner Award – honors champions of economic development that inspire and transform communities

Assembly Speaker Craig Coughlin

Impact Award – recognizing firms that have significantly affected New Jersey’s commercial and industrial real estate development industry

J.G. Petrucci Co. Inc.

PS&S

Industry Service Award – recognizing the firm’s considerable contributions in support of the industry’s goals

Cole Schotz PC

Deal of the Year finalists

NAIOP NJ will also reveal the Deal of the Year winners, recognizing the most impactful commercial real estate transactions in the state across mixed use, industrial, office and – new for this year – emerging markets (such as Government Restricted Municipalities, Energy, Healthcare, Film and Cannabis). Take a closer look at this year’s finalists:

Mixed Use Deal of the Year

Hoboken Connect, Hoboken
Involved in the deal: NJ Transit, City of Hoboken and LCOR

Monmouth Square, Eatontown
Involved in the deal: Kushner, Rithm Capital Corp., GreenBarn Investment Group and Fortress Investment Group

Vintage City, Elizabeth
Involved in the deal: MAS Development Group LLC and LeCesse Development Corp.

Industrial Deal of the Year

Bridge Point Perth Amboy, Perth Amboy
Involved in the deal: Bridge Industrial, Colliers, Menlo Engineering Associates, Excel Environmental, Nelson Worldwide, Bob Smith & Associates and the Law Offices of Wanda Chin Monahan

Kingsland Meadowlands Russo Forsgate TJX, Lyndhurst
Involved in the deal: Forsgate Industrial Partners and Russo Development

907 Pleasant Valley, Mount Laurel Township
Involved in the deal: Greek Design|Build, RLCold and BGO

Office Deal of the Year

Sanofi Flagship at M Station West, Morristown
Involved in the deal: SJP Properties, Sanofi, Scotto Properties, Cushman & Wakefield and Gensler

Unilever Headquarters Restructuring, Englewood
Involved in the deal: CBRE, SJP Properties, Savills, JLL and UNLMTD Team

Emerging Markets Deal of the Year

1888 Studios, Bayonne City
Involved in the deal: Togus Urban Renewal LLC, Sills Cummis & Gross PC, Gensler, Turner Construction, Pizzutillo Public Affairs LLC, US Title Solutions, Bayonne City Municipality, New Jersey Economic Development Authority, Biggins Lacy Shapiro & Co. LLC, Benecke Economics, Langan, PS&S, SESI Consulting Engineers and Elysian Consulting Group LLC

MLB Network/Crow Holdings – 25 Market St., Elmwood Park
Involved in the deal: Crow Holdings Development, Atlas Holdings, JLL, CBRE and MLB Network

To purchase tickets and for more information, visit NAIOP’s event page.