Congratulations to NAIOP NJ's 2024 Deal of the Year Finalists
Winners will be announced and celebrated at the Commercial Real Estate Awards Gala at The Palace at Somerset Park.
Industrial Finalists
CenterPoint at Linden, Linden, NJ. CenterPoint at Linden is a unique, in-fill redevelopment success story that transformed the former site of a functionally obsolete retail power center, into a modern 321,675 square foot industrial distribution center. The project met environmental, sustainability, and community goals while also delivering all the amenities that today’s logistics tenants demand. Involved in the deal: CenterPoint Properties, Cushman & Wakefield, KSS, Langan, Property Solutions, KBS Advisors, CSG Law, RC Anderson, and City of Linden.
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Central 9 Logistics Park, Old Bridge, NJ. Central 9 Logistics Park in Old Bridge is a state-of-the-art industrial park spanning 800 acres and creating over 2,000 jobs while enhancing the regional economy. The park fosters innovation, commerce, and sustainable growth, epitomizing forward-thinking development. In 2023, Paragon Packaging, an innovative woman-owned business, signed the inaugural lease. Involved in the deal: 2020 Acquisitions, Cushman & Wakefield, Giordano, Halleran & Ciesla, Bohler Engineering, Alston Construction, and M+H Architects.
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Seagis Newark Airport Logistics Center, Newark, NJ. United Airlines re-evaluated its Newark portfolio and determined relocation from Newark Airport was required. They needed a creative solution due to zero availability of Class A buildings near the airport. CBRE identified an off-market build-to-suit opportunity with Seagis, and in collaboration with local officials, United Airlines was able to relocate their Newark operations. Involved in the deal: Seagis Property Group LP, Cushman & Wakefield, CBRE, North Star Construction Management, Inc., Cole Schotz, Ecolsciences, Inc., VRH Construction, Alliance Architecture, SM Design & Consulting, PC, Dolan and Dean Consulting Engineers, Melick-Tully & Associates, GZA GeoEnvironmental Inc., Dynamic Survey, LLC, Pearlman & Miranda, LLC, Barack Ferrazzano Kirschbaum & Nagelberg LLP and ELIACA.
Office Winner
Bank of America lease at Newport Tower, Jersey City, NJ. With strategic foresight and a multi-million-dollar reinvestment, Newport Tower in Jersey City was transformed to support a return-to-the-office strategy and secure a blockbuster tenant, illustrating the future direction and viability of the sector. Bank of America’s commitment represents New Jersey’s only renewal/expansion lease over 500,000 SF in the past decade. Involved in the deal: Cushman & Wakefield, BentallGreenOak, and Caryl Communications.
Mixed Use Winner
Harborside Portfolio $524MM Sale, Jersey City, NJ. As Exchange Place’s centerpiece, Harborside 1-2-3-4-6 garnered a collective $524MM in three separate sales transactions that set the district’s reactivation into motion. Poised to realize its full potential as the Jersey City Waterfront’s newest, most-dynamic live/work/play neighborhood, Harborside’s premier assemblage presented one of the most exceptional repositioning opportunities nationwide. Involved in the deal: Cushman & Wakefield, CBRE, Inc. Veris Residential, Inc., American Equity Partners, LLC, Panepinto Properties, Related Companies, and 601W Companies.
