8A — March 30 - April 12, 2018 — Shopping Centers — M id A tlantic

Real Estate Journal


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Financing Available to Advance New Jersey Development Projects NJEDA’s Real Estate Impact Fund can provide financing to help advance small and mid-sized real estate development projects in targeted areas within New Jersey. Financing can be used for: • Property acquisition & assembly

Winners revealed May 10 at Awards Gala NAIOP announces Mixed-Use Deal of the Year Finalists N EW BRUNSWICK, NJ — The New Jersey Chapter of

• Demolition & site clearance • Environmental remediation • Pre-development costs • On-site infrastructure

NAIOP , the commercial real estate development associa- tion, has announced the fi- nalists for its highly coveted Deal of the Year Awards. Three winners, one each for Industrial Deal of the Year, Office Deal of the Year and Mixed-Use Deal of the Year, will be revealed at the 31st An- nual Commercial Real Estate Awards Gala, which will be held on Thursday, May 10 at The Palace at Somerset Park in Somerset, N.J. The Mixed-Use Deal of the Year finalists are: Cushman & Wakefield Site Assemblage at Valley Health System, Paramus : The Cushman & Wakefield team assembled a 20+ acre site for Valley Health System’s new $735 million hospital in Paramus. It involved the purchase of two sites compris- ing 500,000 s/f of office space and a one-acre car wash. As part of the transaction, an additional 200,000 s/f office building was constructed. In- volved in the deal: Cushman & Wakefield, Valley Health System, Cole Schotz P.C. and Welsh Chester Galiney Matone Inc. New Brunswick Cultural Center Redevelopment, New Brunswick: The $171.8 million, 450,000 s/f, 23-sto- ry New Brunswick Cultural Center Redevelopment ini- tiative represents a complex public-private partnership of 19 major partners. With world- class performance venues, 207 apartments, office space and a parking garage, it will trans- form the city’s cultural district. Involved in the deal: New Brunswick Development Corporation (DEVCO), Pen- nrose Properties, City of New Brunswick, County of Middlesex, Rutgers Uni- versity, New Brunswick Cultural Center, NJ EDA, New Brunswick Parking Authority (NBPA), AJD Construction, Elkus Ar- chitects, Investors Bank, AEGON, CITI and TDBank. The recipients of the 2018 Commerc ial Real Estate Awards will also be honored at the Gala. Jon F. Hanson of The Hampshire Com- panies will receive the Life- time Achievement Award. The Impact Award will be presented to Mack-Cali Re-

• General construction and/or rehabilitation • Associated soft development expenses Call 609-858-6767 or visit www.NJEDA.com/RealEstateImpactFund for more information.

Cushman & Wakefield Site Assemblage at Valley Health System, Paramus

Thank you NAIOP for recognizing the New Brunswick Cultural Center Redevelopment Project as a finalist for Deal of the Year .

Presenting to the judges on February 23 were Rustav Nazirbaev (Cushman & Wakefield), Christopher Caslin (Cole Schotz), Robin Goldfischer (Valley Health System), Robert Rudin and Jan Randall (Cushman & Wakefield).

Congratulations to the Partners New Brunswick Development Corporation · Pennrose · City of New Brunswick New Brunswick Parking Authority · County of Middlesex Rutgers, The State University of New Jersey New Jersey Economic Development Authority · New Brunswick Cultural Center Investors Bank · CitiGroup · AEGON

New Brunswick Cultural Center Redevelopment

Mid Atlantic Real Estate Journal would like to congratulate All The Finalists If you would like to feature your company, development or project call Kim Brunett: 781-740-2900 or email: kbrunet@marejournal.com

Chris Paladino, Merissa Buczny (DEVCO), and Timo- thy Henkel (Pennrose) presented the deal before the judges on February 23.

Caren S. Franzini Public Part- ner Award. The members-only Gala tick- et pre-sale is open now through March 17. Ticket sales will be open to the public on March 18. For complete details and updates, visit http://naiopnj. org/Gala31. n

alty Corporation’s Michael J. DeMarco and Jeffrey J. Milanaik of Bridge Develop- ment Partners . StanDanzig of Cushman & Wakefield will be recognized with the Industry Service Award and Woodbridge Mayor John E. McCormac will receive the

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