NAIOP New Jersey, the commercial real estate development association, has announced the finalists for its highly coveted Deal of the Year Awards.
Three winners, one each for Industrial Deal of the Year, Office/Mixed-Use Deal of the Year, and Creative Deal of the Year, will be revealed at the Twenty-seventh Annual Commercial Real Estate Awards Gala on Thursday, May 15, 2014 at The Palace at Somerset Park.
The finalists for Industrial Deal of the Year are:
• Home Depot at Federal Business Centers. As the largest lease to close in NJ during 4Q13, this transaction is a paramount example of increasing intermodal needs. Involved in the deal were: CBRE, Federal Business Centers and Home Depot, USA.
• NFI Park at Florence Crossings. Two build-to-suit projects for Subaru and Express Scripts Pharmacy, Inc. Involved in the deal were: NFI, Subaru of America Inc., Express Scripts Pharmacy, Inc., CBRE, Arco Design Build, Ware Malcomb, Taylor Wiseman & Taylor, Wells Fargo and Florence Township.
The finalists for Office/Mixed Use Deal of the Year are:
• Valeant Pharmaceuticals International, US Headquarters (Bridgewater). Cushman & Wakefield served as exclusive agent for Valeant Pharmaceuticals in its 310,000 s/f U.S. headquarters lease at SJP Properties’ Somerset Corporate Center in Bridgewater.
• GAF Headquarters (Parsippany). Normandy Partners is advising GAF, including acting as the project manager, on the upgrade of the new corporate headquarters. Involved in the deal were: GAF, CBRE and Normandy Real Estate Partners.
The finalists for Creative Deal of the Year are:
• The New Jersey Center of Excellence at Bridgewater (Bridgewater). A rebranding and repurposing of a major pharmaceutical research campus. Involved in the deal were: Jones Lang LaSalle, Advance Realty, Sanofi, JM Zell, Ashland Inc., CrossHarbor Capital Partners LLC, Amneal Pharmaceuticals LLC, Colliers International, Cresa NJ and Bridgewater Township.
• Bell Place (Holmdel): The sale of the two-million-square-foot, 472-acre former Bell Labs research facility. Involved in the deal were: Cushman & Wakefield, Somerset Development, Alcatel-Lucent, and Giordano, Halleran & Ciesla, P.C.
Lawrence Russo, Jr. of Russo Development will receive the Lifetime Achievement Award. The Impact Awards will be presented to Vision Real Estate Partners, and Robert Donnelly of Cushman & Wakefield. The Industry Service Award will be presented to Jorge H. Berkowitz of Langan Engineering.
