Original Article

More than 800 members of the New Jersey commercial real estate community turned out to celebrate the industry at NAIOP New Jersey’s 30th Annual Awards Gala on May 11. The black tie event, held at the Palace at Somerset Park, recognized the achievements of leading professionals and organizations and the state’s most impactful transactions of 2016

“With groundbreaking legal decisions, creative deal making and state-of-the-art construction, those we honor this evening have been our partners in transforming the commercial real estate landscape in New Jersey for the past 60 years,” said NAIOP New Jersey President Dave Gibbons of Elberon Development Group. “These individuals and firms have revitalized communities and created places that will enable the Garden State to remain competitive and attractive to its citizens and businesses.”

Deal of the Year Awards

A seven-member panel of judges selected the Deal of the Year winners in three categories based on impact on the community and marketplace; degree of complexity and/or uniqueness; innovative strategies; and creative problem solving.

Mixed-Use: Hoffmann-La Roche US HQ and R&D Campus, Nutley and Clifton

The successful disposition of a major 116-acre pharmaceutical headquarters and research and development campus began when Prism Capital Partners and a Boston-based investment manager purchased the campus. JLL secured Hackensack Meridian Health and Seton Hall University to anchor the property’s redevelopment as a preeminent mixed-use commercial location as a “new urbanism” benchmark.¬†Involved in the deal were Hoffmann-La Roche, JLL, Prism Capital Partners, Gibbons PC, Fox Rothschild LLP, Real Estate Strategies Group LLC, Franzini Consulting LLC, Hackensack University Medical Center, Seton Hall University, Cushman & Wakefield, Windels Marx, Connell Foley LLP, and Inglesino, Webster, Wyciskala & Taylor LLC.