2B — June 8 - 21, 2018 — New Jersey — M id A tlantic

Real Estate Journal



N ew J ersey


800+ attendees celebrate individuals, firms & deals NAIOPNJ’s annual Galahonors commercial real estate leaders

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OMERSET , NJ — More than 800 attend- ees turned out to honor the Garden State’s commer- cial real estate community at NAIOP New Jersey’s 31st Annual Awards Gala on May 10. The black tie event, held at the Palace at Somerset Park, recognized the achieve- ments of leading profession- als and organizations and the state’s most impactful transactions of 2017. NAIOP New Jersey presi- dent Dave Gibbons of Elberon Development Group said, “The individuals and firms we honor tonight represent the commercial real estate industry’s best and brightest. To each of our honorees, your teams and all of the Deal of the Year final- ists, we offer our gratitude and respect for your commit- ment to revitalizing commu- nities and ensuring that New Jersey remains competitive and attractive to its residents and businesses.” NAIOP New Jersey award- ed its highest honor, the Life- time Achievement Award, to Jon Hanson , chairman of The Hampshire Com- panies . Hanson was recog- nized for his distinguished record of exemplary service to the industry and to the community, as well as for his significant personal ac- complishments. Woodbridge Mayor John E. McCormac received the Caren S. Franzini Public Partner Award, which rec- ognizes local champions of development that inspire and transform communities. The Impact Award, which recog- nizes firms and individuals for their impact on the indus- trial and office development community, was presented to Mack-Cali Realty Cor- poration CEO Michael DeMarco and Jeffrey Mi- lanaik , partner, Northeast Region with Bridge Devel- opment Partners . Stan Danzig , vice chair- man of Cushman & Wake- field , received the Industry Service Award for his sub- stantial contributions in support of the commercial and industrial real estate industry’s goals. Deal of the Year Awards A seven-member panel of judges selected the Deal of the Year winners in three catego- ries based on impact on the S




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Standing: Michael McGuinness (NAIOP NJ), Chris Paladino (DEV- CO), Sam Morreale (Vision Real Estate Partners), Michael J. DeMar- co (Mack-Cali Realty Corporation), Gene Preston (Dermody Proper- ties), Kim Brennan (Colliers International), Dave Gibbons (Elberon Development Group), Edward Walsh (Avison Young) Front row: Ross Chomik (Vision Real Estate Partners), Stan Danzig (Cushman & Wakefield New Jersey), Jon F. Hanson (The Hampshire Companies LLC), Jeffrey J. Milanaik (Bridge Development Partners, LLC), May- or John E. McCormac (Township of Woodbridge). Photo Credit: Gary Gellman, Gellman Images

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community and marketplace; degree of complexity and/or uniqueness; innovative strat- egies; and creative problem solving. Industrial: BridgePort 1 Lo- gistics Center, Perth Amboy A 103-acre Brownfield site that required extensive envi- ronmental and geotechnical remediation, BridgePort 1 Logistics Center has been redeveloped into New Jer- sey's premier industrial distribution campus. Con- taining 1.3 million s/f of modern distribution build- ings 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 were Bridge Devel- opment Partners, CBRE, Banner Oak Capital Part- ners, Teachers Retire- ment System of Texas, Wells Fargo, Heitman Capital Management, Premier Design Build Group, Menlo Engineer- ing Associates, SESI Con- sulting Engineers, Excel Environmental Resourc- es, Melick-Tully & Asso- ciates, Lane Miller Esq., Wanda Monahan Esq. , and the City of Perth Amboy. Office: The Crossings Sale to Barclays Capital, Whippany The Crossings at Jefferson Park's sale from VisionReal Estate Partners and The

Rubenstein Partners to Barclay's Capital marked the completion of a 525,000 s/f benchmark suburban of- fice campus transformation, yielding an experiential en- vironment combining work, play, well-being and sus- tainability. The new owner/ occupier will maintain more than 3,000 jobs in New Jer- sey. Involved in the deal were Vision Real Estate Part- ners, Rubenstein Part- ners, Barclays Capital, Cushman & Wakefield, JLL, Fox Rothschild , and Gensler . Mixed Use: New Brunswick Cultural Center Redevelopment, New Brunswick The $171.8 million, 450,000 s/f, 23-story New Brunswick Cultural Center Redevelop- ment initiative represents a complex public-private part- nership of 19 major partners. With world-class performance venues, 207 apartments, office space and a parking garage, it will transform the city's cul- tural district. Involved in the deal were New Brunswick Development Corporation (DEVCO) , Pennrose Prop- erties, City of New Bruns- wick, County of Middlesex, Rutgers University , New Brunswick Cultural Center, NJEDA , New Brunswick Parking Authority, AJD Con- struction, Elkus Architects, Investors Bank, AEGON, CITI , and TD Bank . 

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