16B — January 17 - 30, 2014 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
P eople on the M ove
First NJ broker to earn title C & W names Donnelly executive vice chairman
Transportation infrastructure drives economic growth NAIOP NJ hosts “Life After the Super Bowl ”
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him on this well-earned pro- motion and thank him for his innumerable contributions to our company.” Over the past three de- cades, Donnelly has negoti- ated sales involving more than 3,000 acres of land that resulted in 20 million s/f of office construction. He has completed transactions involving dozens of compa- nies, including oversight responsibility for leases and sales totaling more than 100 million s/f. “I have had the pleasure of meeting and working with more great people than I ever imagined I would by being part of this company,” Don- nelly said. “I especially thank my partners Marc Rosenberg and Rob Donnelly, Jr., for their support and dedica- tion. Cushman &Wakefield’s incredible talent and deep resources provide us with an unmatched platform for helping us meet our clients’ real estate needs.” n
ORRISTOWN, NJ — Cushman & Wakefield ’s Robert
SECAUCUS, NJ — More than 800 children from under- served communities through- out North Jersey attended the 16th Annual Holiday party hosted by the New Jersey Apartment Association Charitable Fund (“Chari- table Fund”) . The event took place on Dec. 17, 2013, at the Meadowlands Exposition Cen- ter in Secaucus. Staff from the New Jersey Apartment Association were joined by more than 500 volun- teers from member organiza- tions and local high schools to create a Winter Wonderland. Santa greeted all the young- sters, and the event included dancing with a DJ, a special performance by the Little Club Heads, holiday treats, face painting, balloon animals, and hugs with characters including Elmo, SpongeBob SquarePants and Hello Kitty. “Many of NJAA’s members ELIZABETH, NJ —The NAIOP New Jersey event was titled “Life After the Su- per Bowl: Transportation & Logistics Update,” and the implication was that while the upcoming Super Bowl will tax the region’s infrastructure, long-term remedies are needed for the region to remain com- petitive. Public and private sector leaders agreed that the transportation infrastructure drives economic growth, and while the region’s infrastruc- ture, particularly port/rail, is “outstanding,” continued investment is crucial even as public sector bodies deal with financial strictures. “The real problem, for capital projects, is that we face un- precedented cash shortages,” David Samson , chairman of the Port Authority of New York/New Jersey , told at- tendees at the NYSA Training Center in Port Elizabeth. The response? “Increased operat- ing efficiency, toll and fare increases, and P3s,” he said, the latter a reference to public- private partnerships. Similarly addressing the question of finances, “the ‘small stuff ’ really matters when it comes to costs,” said commis- sioner James Simpson of the New Jersey DOT. The bottom line for DOT, Simpson said, is “getting back
J. Donnel- ly of Morris County, has been named Ex e c u t i v e vice chair- man,making him the first New Jersey broker and
Robert Donnelly
the eighth employee with the commercial real estate services firm worldwide to hold this distinguished title. A 34-year company veteran, Donnelly specializes inmajor corporate advisory, and ten- ant and landlord representa- tion assignments. “Bob has consistently been one of Cushman & Wake- field’s top performing office brokers globally,” said Jim Underhill , CEO, Ameri- cas, Cushman & Wakefield. “Above all, he has built his career and success on putting clients first. We congratulate EAST RUTHERFORD, NJ — Jones Lang LaSalle announced that it will relocate its New Jersey headquarters office to Metropolitan Center, One Meadowlands Plaza, in East Rutherford, to be closer to clients and to expand services to growing markets. The firm signed a new, 10- year lease for 14,381 s/f of com- mercial office space with KBS Real Estate Investment Trust II at Metropolitan Cen- ter, a class A, 421,317 s/f com- mercial office building. JLL was represented in- house by Shawn Straka , se- nior vice president of the firm’s New Jersey office. Building owner KBS Real Estate was represented by Gregory Bar- kan , senior vice president, with CBRE Inc . JLL is ex- pected to occupy the new space in mid-December 2013. “We are re-orienting our center of gravity to the Mead- owlands to meet the needs of our growing business while maintaining a strong presence throughout the state,” said Kossar. “Metropolitan Center puts us closer to clients and ensures we are strategically located to pursue business opportunities throughout New Jersey and the rest of the New York metropolitan region.” The company is pursuing
Michael G. McGuinness; Commissioner James Simpson; and David Samson
to basics,” focusing on such is- sues as highway construction projects, specifically on projects that “make sense” as opposed to those that are “politically driven”; reducing the number of functionally obsolete bridges statewide; and utilizing such technology as adaptive signal- ization to improve traffic flow with an overall goal of “travel time savings.” And the overrid- ing mantra of DOT’s efforts is “safety first.” The program also featured a panel that focused on the specifics of logistics and ware- house/distribution trends. Anne Strauss-Wieder , pres- ident of A. Strauss-Wieder, Inc. , reported that New Jer- sey has seen a rapid increase in facilities, especially in the 500,000 s/f range, and shifts in what the buildings are used for. Those changes are a re-
The Charitable Fund and its volunteers have planned the holiday party annually since its inception in 1998. “We’ve hosted more than 16,000 children over the years, and through the generosity of our members, we have given thousands of gifts collected at toy drives by more than 70 member companies during the season.” Hartz Mountain Indus- tries of Secaucus generously donated the space, lighting and catering. Additional spon- sors include the Meadowlands Exposition Center, InThyme Catering, Pepsi, AcadiaWin- dows & Doors , Comcast, Fieldstone Properties, Hess Energy Marketing, The Ka- mson Corporation, P. Cooper Roofing , Multi-Housing Depot by ARI , CORT Fur- niture, and the Little Club Heads who will be donating their performance. n sponse to consumer changes — notably Internet shopping — in the nation’s most-densely populated area. And the distribution center itself is changing, noted Bob Silverman , executive vice president of Jones Lang La- Salle . “Facility designs are out of date,” Silverman said, but that’s changing to meet the new demands, including in- creasing Internet sales and the resulting multi-channel and omni-channel nature of distribution. Responses include everything from low shrink floors to lower trailers “with more cube, which puts pressure on dock design.” “Distributors want to be near customers, ports, intermodal and labor, and they want more trailer parking and car/truck separation,” he said. n
JLL moves headquarters to Metropolitan Center
800+ NJ kids celebrate the season at the NJAA Charitable Fund’s 16th annual holiday party
LEED Platinum certification for its new location, which includes a centrally located Social Hub where employees can eat, meet and collaborate. The offices also offer a broad range of technology and tools to allow employees to work together in unique ways. Metropolitan Center offers tremendous access to mass transit. Situated off Exit 16W of the New Jersey Turnpike at the junction of Routes 3 and 120, Metropolitan Center is located just 10 minutes from the Lincoln Tunnel and 15 minutes from the both the Holland Tunnel and George Washington Bridge. Newark Liberty International Airport and Teterboro Airport are also within 10 miles. n
have kids of our own, and we know how important the holidays are for children,” said Jean Maddalon , executive director of The New Jersey Apartment Association. “We are looking forward to sharing the day again this year with so many youngsters.” Children enjoy a DJ and interactive performance at the NJAA Charitable Fund’s 16th Annual Children’s Holiday Party
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