Congratulations to all of the Deal of the Year Finalists! The winners will be revealed at the 31st Annual Commercial Real Estate Awards Gala on May 10 at The Palace at Somerset Park. Event Details.

NAIOP NJ thanks our esteemed judges Anne Strauss-Wieder (North Jersey Transportation Planning Authority), Dr. James Hughes, (Rutgers University), Gretchen Wilcox (G.S. Wilcox & Co.), Michael Seeve (Mountain Development Corp.), Peter Reinhart (Monmouth University), and Michael Kerwin (Somerset Business Partnership). Not pictured: NAIOP Chairman Jim Neyer, AI. Neyer.

Office Deal of the Year Finalists

Billtrust HQ Lease at Princeton Pike, Lawrenceville:  Billtrust's 89,000-square-foot headquarters lease represented the largest new office lease in the Princeton submarket in 2017, and the fourth largest statewide. Beyond its scope, it signals the emergence of a new generation of office space users, one that will play a vital role in New Jersey's future economic health. Involved in the deal: Colliers International, Billtrust,  Vision Real Estate Partners, JFR Global Investors, Newmark Knight Frank, and Sills Cummis & Gross. Pictured below: Representing the deal before the judges were Brad Fenlon (Colliers International), Tina Swierad and Ross Chomik (Vision Real Estate Partners), and John Obeid, Colliers International.


The Crossings Sale to Barclays Capital, Whippany:  The Crossings at Jefferson Park's sale from Vision Real Estate Partners and Rubenstein Partners to Barclays Capital marked the completion of a 525,000-square-foot benchmark suburban office campus transformation, yielding an experiential environment combining work, play, well-being and sustainability. The new owner/occupier will maintain more than 3,000 jobs in New Jersey. Involved in the deal: Vision Real Estate Partners, Rubenstein Partners, Barclays Capital, Cushman & Wakefield, JLL and Gensler. Pictured below: Tina Swierad and Ross Chomik of Vision Real Estate Partners presented to the Judges on February 23.

Industrial Deal of the Year Finalists

Turner Logistics Center, Piscataway:  F. Greek Development and its partners took an obsolete R&D facility and redeveloped it into a 451,800-square-foot modern manufacturing center for its Cascades, revitalizing the area, creating hundreds of jobs and creating a strong financial asset for its partners. Involved in the deal: F. Greek Development; JLL; Maser Consulting PA; Wilentz Goldman & Spitzer; Zipp Tannenbaum & Caccavelli, LLC; LaSalle Investment Management; Cascades; and the Township of Piscataway. Pictured below: Presenting to the DOY judges on February 23 were Steve Tripp (Wilentz Goldman & Spitzer), Matt Schlindwein (F. Greek Development), Julia Algeo (Maser Consulting PA), and Brian Golden (JLL).


Prologis Allied Beverage Build to Suit, Elizabeth:  Prologis Ports Elizabeth is a redevelopment which is now being developed into a state-of-the-art wine and spirits distribution center, as well as the new corporate headquarters for Allied Beverage. The building site, which is located at 700 Kapkowski Road in Elizabeth, will be 540,000 square feet when completed. Involved in the deal: Prologis; JLL; Allied Beverage; RC Andersen; EWMA; Menlo Engineering Associates; and KSS Architects.  Pictured below: Presenting to the judges on February 23 were Craig Davenport (RC Andersen), Korinne Soha (Prologis), Al Moffit (EWMA), Frank Ryan (Prologis), and Brian Golden (JLL).


BridgePort 1 Logistics Center, Perth Amboy:  A 103-acre Brownfield site that required extensive environmental and geotechnical remediation, BridgePort 1 Logistics Center has been redeveloped into New Jersey's premier industrial distribution campus. Containing 1.3 million square feet of modern distribution buildings and home to Target Corporation, BridgePort 1 Logistics Center offers modern Class A amenities to meet the demands of today's most sophisticated end-users. Involved in the deal: Bridge Development Partners, CBRE, Banner Oak Capital Partners, City of Perth Amboy, Excel Environmental Resources, Heitman Capital Management, Lane Miller Esq., Melick-Tully a division of GZA, Menlo Engineering Associates, Premier Design Build Group, SESI Consulting Engineers, Teachers Retirement System of Texas, Wanda Monahan Esq., and Wells Fargo. Pictured below: Presenting to the judges on February 23 were Jon Pozerycki, Jeff Milanaik and Deven Schmitt of Bridge Development Partners.


LogistiCenter at Logan 2651 Oldmans Creek Road, Logan Township:  The long-term lease of the largest industrial build to suit transaction in the history of Southern New Jersey resulted in the creation of over 800 new jobs and an investment in excess of $100 million in public and private improvements. Involved in the deal: Dermody Properties; Langan Engineering and Environmental Services; Ford & Associates Architects; Archer & Greiner; Gray Construction; Washington Capital Management; Colliers; and Cushman & Wakefield. Pictured below: Presenting to the judges on February 23 were Richard Burrow (Langan Engineering & Environmental Services), Gene Preston and Jeff Zygler (Dermody Properties).

Mixed-Use Deal of the Year Finalists

New Brunswick Performing Arts Center Redevelopment, New Brunswick: The $171.8 million, 450,000-square-foot, 23-story New Brunswick Performing Arts Center Redevelopment initiative represents a complex public-private partnership of 19 major partners. With world-class performance venues, 207 apartments, office space and a parking garage, it will transform the city's cultural district. Involved in the deal: New Brunswick Development Corporation (DEVCO), Pennrose Properties, City of New Brunswick, County of Middlesex, Rutgers University, New Brunswick Performing Arts Center, NJ EDA, New Brunswick Parking Authority, AJD Construction, Elkus Architects, Investors Bank, AEGON, CITI, and TD Bank. Pictured below: Chris Paladino, Merissa Buczny (DEVCO), and Timothy Henkel (Pennrose) presented the deal before the judges on February 23.


Cushman & Wakefield Site Assemblage at Valley Health System, Paramus: The Cushman & Wakefield team assembled a 20+ acre site for Valley Health System's new $735 million hospital in Paramus. It involved the purchase of two sites comprising 500,000 square feet of office space and a one-acre car wash. As part of the transaction, an additional 200,000-square-foot office building was constructed. Involved in the deal: Cushman & Wakefield, Valley Health Systems, Cole Shotz PC, and Welsh Chester Galiney Matone Inc. Pictured below: Presenting to the judges on February 23 were Rustav Nazirbaev (Cushman & Wakefield), Christopher Caslin (Cole Schotz), Robin Goldfischer (Valley Health System), Robert Rudin and Jan Randall (Cushman & Wakefield).

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