Congratulations to the Deal of the Year Finalists! The Winners will be revealed at the 33rd Annual Commercial Real Estate Awards Gala on September 9, 2020 (please note the new date). Details.
40 Beechwood: 40 Beechwood Road is a redevelopment project in the heart of downtown Summit. The previously vacant property was transformed into a boutique trophy office, and is now headquarters to a leading private equity firm who relocated to Summit. The redevelopment included state-of-the-art systems, features and finishes, and incorporated many energy efficiencies throughout the building. Partners in the deal: Saxum Real Estate, Mancini Duffy, and MRY Associates.
Presenting to the judges on February 28 were Kieran Flanigan, Caitie Kroeger, Matt Wassel and (not pictured) Anthony Rinaldi, all from Saxum Real Estate.
Bridge Point 78: Formerly a 365-acre Brownfield site which required extensive geotechnical and environmental remediation. Bridge redeveloped the former Ingersoll Rand manufacturing plant, in the townships of Phillipsburg and Lopatcong, into a Class A industrial warehouse campus that, once complete, will total 3.85 million square feet. Phase I, comprised of four warehouses totaling 2,177,554 square feet, is being sold as part of a $695 million national portfolio. Partners in the deal: Bridge Development Partners, CBRE, JLL, and Hartford Investment Management.
Presenting to the judges on February 28 were Brett Skapinetz of Dynamic Engineering Consultants PC, Jeff Milanaik, Jon Pozerycki and Connor Milanaik of Bridge Development Partners.
Crow Holdings Industrial Builds 925K SF: Crow Holdings at Veronica Ave is a true trendsetter. With determination and creativity, Crow Holdings Industrial has developed a near-1-MSF warehouse property in a location that caters to industrial employees, and signed LG as a tenant — reshaping how we view industrial, and establishing Franklin Township as a viable industrial market. Partners in the deal: Crow Holdings, 2020 Acquisitions, LG Electronics USA, Cushman & Wakefield, Maser Consulting, Peter Lanfrit, M+H Architects, Township of Franklin, Alston Construction, Riker Danzig Scherer Hyland & Perretti, LLP, Giordano, Halleran & Ciesla, and The Carlyle Group.
Presenting to the judges on February 28 were Vince Dominach of Franklin Township, Efrem Gerszberg of 2020 Acquisitions, Clark Machemer of Crow Holdings Industrial, and Jules Nissim of Cushman & Wakefield.
Everest HQ at Warren Corporate Center: Everest’s 315,086-SF long-term lease at Warren Corporate Center was New Jersey’s largest new office lease in 2019. Beyond its size, it demonstrates the emergence of a new breed of offices that lead with a hospitality-based experience, and an environmentally sensitive campus to create a workplace that drives creativity and increases tenant retention. Partners in the deal: Vision Real Estate Partners, Rubenstein Partners, CBRE, Cushman & Wakefield, Robert Derector Associates, Vision Real Estate Construction, HLW, Structure Tone, Bohler Engineering, Fox Rothschild, and Gibbons P.C.
Presenting to the judges on February 28 were Ross Chomik and Tina Triece, Vision real Estate Partners.
Lotus 315: Lotus 315 is a luxury mixed-use development by Newark-based firm Blackstone 360. The structure’s sleek, ship-like design is unlike anything of its kind, consisting of 180 luxury residential units and 33,000 square feet of ground-floor retail, ideally located along the bustling corridor of S. Harrison Street in East Orange. Partners in the deal: Blackstone 360, LLC, Amboy Bank, Avison Young, INOA – International Office of Architects, ADG, and Frank H. Lehr Associates.
Presenting to the judges on February 28 were George Gnad of Avison Young, Amira Hasan and Ibrahim Hasan of Blackstone 360 LLC, and Murat Mutlu of INOA - International Office of Architects.
M Station at Morristown: M Station is a transformative Class A mixed-use development in the heart of Morristown. This new ground-up project is the most significant commercial development planned for Morristown in almost 40 years. M Station’s site plan comprises two headquarters-quality, Class A office buildings with ground-floor retail space and a parking structure. Partners in the deal: SJP Properties, Cushman & Wakefield, Gensler, Riker Danzig, Scotto Properties, and Deloitte.
Presenting to the judges on February 28 were Roger Smith of Gensler, Cindy Schorranes of SJP Properties, Frank Vitolo of Riker Danzig, and (not pictured) Peter Bronsnick of SJP Properties.
Piscataway Logistics Center: Rockefeller Group’s redevelopment of a former brownfield site in Piscataway has opened a world of opportunities for companies seeking state-of-the-art warehouse and distribution facilities in a supply-constrained market, and introduced a concept that will potentially change the way developers and users approach industrial real estate. Partners in the deal: Rockefeller Group, PCCP, M+H Architects, Langan, Cushman & Wakefield, and Alston Construction.
Presenting to the judges on February 28 were Heath Abramsohn (Rockefeller Group), Richard Burrow (Langan Engineering and Environmental Services), Joshua Kuskin (Rockefeller Group), Marc Petrella (Cushman & Wakefield), and Mark Shearer (Rockefeller Group).
Steel Run Logistics Center Development & Home Depot Build to Suit: Land acquisition and development of the Steel Run Logistics Center in Perth Amboy, NJ, including a 20-year build-to-suit lease with Home Depot, totaling 1.25M SF across two state-of-the-art distribution facilities. Partners in the deal: Duke Realty, Cushman & Wakefield, CBRE & Home Depot.
Presenting to the judges on February 28 were Tom Tucci of Cushman & Wakefield, and Caitlin English and Ben Rosen of Duke Realty Corporation.
Vinty: Vinty is a transformational mixed-use project that will serve as a new town center in Elizabeth. The partnership between MAS and LeCesse Development, assisted by JLL Capital Markets, who secured construction financing and equity to capitalize construction of a progressive community located adjacent to the train station, within an opportunity zone. Partners in the Deal: MAS Development, LeCesse Development, and JLL.
Presenting to the judges on February 28 was Sal Garcia of MAS Development.