12B — June 14 - 27, 2019— Northern New Jersey — M id A tlantic
Real Estate Journal
www.marej.com
N orthern N ew J ersey
United Way raises $290,000 at fundraiser honoring Finn Wentworth Teva Building wins United Way Impact Award
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with keynote speaker Marni Walden , a 20-year wireless industry veteran and former Verizon Communications Inc. top media executive. Finn Wentworth , founder and partner of Normandy Real Estate Partners , was also honored at the event as the recipient of the United Way Spirit Award. The award honors an individual from the commercial real estate industry whose actions reflect the values of United Way. Due to the industry’s support of the luncheon, including Gold
sponsors JLL, Mack-Cali Re- alty Corporation , Normandy Real Estate Partners, Turner Construction Company and WB Wood, United Way raised an estimated $290,000 for its work to improve life for AL- ICE (Asset Limited, Income Constrained, Employed) indi- viduals and families who are working but struggling to af- ford the basics. Since 2000, the commercial real estate industry has helped to raise more than $2.9 million for United Way. “We appreciate the long- standing support and generos- ity of this industry, which has helped put ALICE individuals and families on a path to fi- nancial stability,” said United Way senior vice president for Resource Development The- resa Leamy . “UnitedWay also congratulates the Teva team for its commitment to retaining and creating jobs, providing a competitive workplace and having a positive impact on the local economy.” Following upgrades to its Parsippany campus, Teva chose to stay in New Jersey and ex- pand its operations by signing a long-term, 345,000 s/f lease— the state’s largest in 2018. The lease will see the global generic drug maker move its U.S. head- quarters from Pennsylvania to 400 Interpace Parkway in Parsippany as it consolidates its operations into a more cen- tralized location. The move is expected to bring more than 840 jobs to New Jersey while retaining some 230 existing positions. Sustainable features such as electric vehicle charg- ing stations, white reflective roofs, HVAC upgrades and a main atrium with energy-effi- cient LED lighting were key to securing Teva’s re-commitment and expansion. The winning team includes the landlord P3 Properties ; tenant Teva Pharmaceuticals USA; brokers Cushman & Wakefield and JLL ; archi- tect and contractor Unispace ; landlord law firm Drinker Biddle & Reath LLP ; and engineer AMA Consulting Engineers, P.C. The four other finalists for the award were Kindred/At- lantic Health System Reha- bilitation Institute; Mack-Cali Realty Corporation’s Subur- ban Portfolio Transformation; Ralph Lauren Nutley Campus; and Verizon Global Headquar- ters Campus.
ORRISTOWN, NJ — Teva Pharma- ceuticals USA re-
cently took home United Way of Northern New Jersey’s 2019 Impact Award as the re- gion’s commercial real estate project with the greatest posi- tive impact for moving its U.S. headquarters from Pennsylva- nia to New Jersey. The award was announced May 10 during the 19th annual United Way Commercial Real Estate Network Legacy Lun- cheon, a fundraiser attended by 500 leading commercial real estate industry professionals
Shown from left: United Way of Northern New Jersey CEO John Frank- lin; former Verizon Communications Inc. top media executive and key- note speaker Marni Walden; Senior Managing Director for CBRE and event moderator Kim Brennan; United Way Senior Vice President of Resource Development Theresa Leamy; and Founder and Partner of Normandy Real Estate Partners and United Way Spirit Award recipi- ent Finn Wentworth. Photo credit: Steve Hockstein/HarvardStudio.com / Courtesy of United Way of Northern New Jersey
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