Congratulations to the 2021 Deal of the Year Winners!
INDUSTRIAL DEAL OF THE YEAR WINNER FreezPak Logistics Center (Elizabeth/Newark)
The redevelopment project is a 75-foot high freezer warehouse on a site located in two different urban municipalities (the cities of Elizabeth and Newark), owned by a partnership between Elberon Development Group and The Fidelco Group. Numerous complexities include the formation of two different joint ventures, government approvals from two different municipalities, a PILOT agreement, environmental remediation, a subsequent application for additional trailer parking, the incorporation of solar panels, and myriad construction complications compounded by circumstances of the pandemic.
Involved in the Deal: Elberon Development Group; The Fidelco Group; FreezPak; JLL; Langan Engineering and Environmental Services; Ware Malcomb; Chiesa Shahinian & Giantomasi PC; Orloff, Lowenbach, Stifelman & Siegel, P.A.; and Preferred Industrial Properties.
OFFICE DEAL OF THE YEAR WINNER Eisai Inc. HQ Lease at Prism’s ON3 (Nutley)
Eisai Inc.’s lease of 200 Metro Boulevard, the flagship LEED Gold office tower at Prism Capital Partners’ ON3, marked New Jersey’s largest 2020 office lease. The blockbuster transaction – executed during a global pandemic – brought the multi-use campus’s 1.45 million square feet of existing office and R&D/lab product to 100% occupancy.
Involved in the Deal: Prism Capital Partners; Eisai Inc.; Savills; and Cushman & Wakefield.
JUDGES' TRANSFORMATION AWARD Lincoln Logistics Bayonne – UPS Lease (Bayonne)
Lincoln Equities Group announced an 886,256-square-foot lease signing from UPS, for a regional hub and package distribution center in Bayonne, N.J. UPS becomes the anchor tenant at the new industrial park, set on a 152.9-acre site just 8 miles from Manhattan's Holland Tunnel.
Involved in the Deal: Lincoln Equities Group, Cushman & Wakefield, Blau & Berg, Langan Engineering & Environmental Services, and Fox Rothschild.