Congratulations to the Deal of the Year Winners!
Industrial Deal of the Year Bridge Point 78: Formerly a 365-acre Brownfield site which required extensive geotechnical and environmental remediation. Bridge redeveloped the former Ingersoll Rand manufacturing plant, in the townships of Phillipsburg and Lopatcong, into a Class A industrial warehouse campus that, once complete, will total 3.85 million square feet. Phase I, comprised of four warehouses totaling 2,177,554 square feet, is being sold as part of a $695 million national portfolio. Partners in the deal: Bridge Development Partners, CBRE, JLL, and Hartford Investment Management.
Presenting to the judges on February 28 were Brett Skapinetz of Dynamic Engineering Consultants PC, Jeff Milanaik, Jon Pozerycki and Connor Milanaik of Bridge Development Partners.
Mixed-Use Deal of the Year Lotus 315: Lotus 315 is a luxury mixed-use development by Newark-based firm Blackstone 360. The structure’s sleek, ship-like design is unlike anything of its kind, consisting of 180 luxury residential units and 33,000 square feet of ground-floor retail, ideally located along the bustling corridor of S. Harrison Street in East Orange. Partners in the deal: Blackstone 360, LLC, Amboy Bank, Avison Young, INOA – International Office of Architects, ADG, and Frank H. Lehr Associates.
Presenting to the judges on February 28 were George Gnad of Avison Young, Amira Hasan and Ibrahim Hasan of Blackstone 360 LLC, and Murat Mutlu of INOA - International Office of Architects.
Office Deal of the Year M Station at Morristown: M Station is a transformative Class A mixed-use development in the heart of Morristown. This new ground-up project is the most significant commercial development planned for Morristown in almost 40 years. M Station’s site plan comprises two headquarters-quality, Class A office buildings with ground-floor retail space and a parking structure. Partners in the deal: SJP Properties, Cushman & Wakefield, Gensler, Riker Danzig, Scotto Properties, and Deloitte.
Presenting to the judges on February 28 were Roger Smith of Gensler, Cindy Schorranes of SJP Properties, Frank Vitolo of Riker Danzig, and (not pictured) Peter Bronsnick of SJP Properties.