M id A tlantic Real Estate Journal — October 16 - 29, 2020 — 5A


M id A tlantic R eal E state J ournal

EW BRUNSWICK, NJ —The Garden State’s commercial Virtual event marks association’s 50th anniversary and honors 2019 Deals of the Year NAIOP New Jersey celebrates commercial real estate leaders N

Township of Weehawken Mayor Richard Turner re- ceived the Caren S. Franzini Public Partner Award, which honors local champions of development that inspire and transform communities. The Impact Award was presented to Prism Capital Partners’ Eugene Diaz and RC An- dersen, LLC in recognition of their impact on the industrial and office development com - munities. Anne Strauss-Wieder , director of Freight Planning at the North Jersey Trans- portation Planning Author- ity (NJTPA) , received the

Industry Service Award for her considerable contributions in support of the commercial and industrial real estate in- dustry’s goals. Deal of the Year Awards Deal of the Year winners were selected in three catego- ries based on impact on the community and marketplace; degree of complexity and/or uniqueness; innovative strat- egies; and creative problem solving. Office: M Station at Morris - town, a transformative Class A mixed-use development in the heart of Morristown. This new ground-up project

is the most significant com- mercial development planned for Morristown in almost 40 years. M Station’s site plan comprises two headquarters- quality, class A office build - ings with ground-floor retail space and a parking structure. Involved in the deal were SJP Properties; Cushman & Wakefield; Gensler; Riker Danzig; Scotto Properties ; and Deloitte . Mixed Use: Lotus 315, a luxury mixed-use development by Newark-based firm Black - stone 360. The structure’s sleek, ship-like design is unlike continued on page 8A

real estate community gath- ered screen-side to celebrate the achievements of its out- standing leaders and to honor the most impactful trans- actions of 2019 as NAIOP New Jersey held its 33rd An- nual Commercial Real Estate Awards Gala. The virtual event also marked the 50th anniver- sary of the commercial real estate development association and featured appearances by Governor Phil Murphy and Assembly Republican Leader Jon Bramnick . “At a time when we are all concerned about the economic future of our state, we are grateful to have leaders like you in the real estate indus- try,” said Murphy. “I want to express my gratitude to Mike McGuinness and the mem- bers of NAIOP New Jersey for your incredible partnership. Working together we will get through this unprecedented time in our state’s history, and be stronger for it.” In his opening remarks, NAIOP New Jersey president Eugene Preston of Dermody Properties said, “NAIOP’s core mission is advocacy. Throughout the COVID-19 crisis, we have worked closely with the Murphy Adminis- tration, legislative leaders and our business community colleagues to protect your in- terests and pave the way to a safe reopening and recovery of our economy. This astonishing disruption will reshape com- mercial real estate, economic and social landscapes, and public policy in unforeseen ways for years to come. Be as- sured, NAIOP will be part of the solutions.” Preston added, “The gala is a night for our extended real estate family to gather, recon- nect and celebrate. Although we’ll miss shaking hands and hugs tonight, we look forward to better days ahead.” This year’s highest honor, the Lifetime Achievement Award, recognized the Frank Visceglia Family, considered NAIOP NJ’s “Founding Fam- ily,” for their multigenera- tional leadership of Federal Business Centers and for sig- nificant achievements in the industrial real estate industry, as well as for their contribu- tions to NAIOP New Jersey throughout its 50-year history.

Shown from left: Peter Visceglia, Nicole Visceglia-Rodgers, and Frank Visceglia, Jr. Photo Credit: Gary Gellman, Gellman Images Frank Visceglia, Sr. was one of the chapter’s four found- ing fathers, along with Frank Heilmann, David S. Steiner and Alex Zall.

60 Years of Logistics Real Estate Success

With a long history of logistics real estate experience, relationships and solutions across the country, Dermody Properties has been acquiring and developing strategic industrial and e-commerce solutions for customers in the Northeastern U.S. for more than three decades. Our vertically-integrated model allows us to provide leasing services, land control, financing and construction, all under one roof.

Current availabilities in the East Region:



150 Milford Road East Windsor, NJ

LogistiCenter SM at 78-81 Union Township, PA


Building 1

LogistiCenter SM at Midway South Bethel Township, PA

LogistiCenter SM at Lehigh Valley East Bushkill, PA


Building 2

East Region Office 973.387.8460 1776 On The Green, 67 East Park Place, Suite 540 Morristown, NJ 07960

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