Awards will be Presented at the 38th Annual Gala on May 15 at The Palace at Somerset Park
EAST BRUNSWICK, N.J. (March 26, 2025) – NAIOP New Jersey has announced the recipients of its 2025 Commercial Real Estate Awards. The commercial real estate development association also announced the finalists for its highly coveted Deal of the Year Awards. These prestigious honors will be presented at the 38th Annual Commercial Real Estate Awards Gala, which will be held on Thursday, May 15 at The Palace at Somerset Park in Somerset, N.J.
“The proceeds from this event serve as a large revenue driver to fund chapter operations and advancing our strategic plan,” said NAIOP NJ CEO Dan Kennedy. “Our advocacy program is fighting every day to push back on proposed legislation and other policies that are seeking to deflate CRE opportunities. This year, more than ever, support for the Gala is needed so we can increase the defense of our interests and get ready for a new Governor in 2026.”
Jeffrey Milanaik, Northeast Region Partner, Bridge Industrial LLC and former NAIOP NJ Chapter President and Corporate Chair, will receive the Charles Klatskin Lifetime Achievement Award, which pays tribute to an individual who has had a distinguished record in service to the industry and the community. Honorable Assembly Speaker Craig J. Coughlin will be presented with the Caren S. Franzini Public Partner Award, which honors champions of economic development that inspire and transform communities.
This year’s Impact Award will be presented to two firms that have had a significant impact on New Jersey’s commercial and industrial real estate development industry, J.G. Petrucci Company, Inc. and PS&S. The Industry Service Award will honor Cole Schotz P.C. in recognition of the firm’s considerable contributions in support of the industry’s goals.
In addition to celebrating these honorees, NAIOP New Jersey will recognize the state’s most impactful real estate transactions with their Deal of the Year Awards for Mixed Use, Industrial, Office and, new category, Emerging Markets, honoring niche markets including Government Restricted Municipalities, Energy, Healthcare, Film and Cannabis. The winners of each category will be celebrated at the Gala.
The three finalists for the Mixed Use Deal of the Year are:
- Hoboken Connect, Hoboken, N.J. Involved in the deal: NJ Transit, City of Hoboken and LCOR.
- Monmouth Square, Eatontown, N.J. Involved in the deal: Kushner, Rithm Capital Corp., GreenBarn Investment Group and Fortress Investment Group.
- Vintage City, Elizabeth, N.J. Involved in the deal: MAS Development Group LLC and LeCesse Development Corp.
The three finalists for the Industrial Deal of the Year are:
- Bridge Point Perth Amboy, Perth Amboy, N.J. Involved in the deal: Bridge Industrial, Colliers, Menlo Engineering Associates, Excel Environmental, Nelson Worldwide, Bob Smith & Associates and the Law Offices of Wanda Chin Monahan.
- Kingsland Meadowlands Russo Forsgate TJX, Lyndhurst, N.J. Involved in the deal: Forsgate Industrial Partners and Russo Development.
- 907 Pleasant Valley, Mount Laurel Township, N.J. Involved in the deal: Greek Design|Build, RLCold and BGO.
The two finalists for the Office Deal of the Year are:
- Sanofi Flagship at M Station West, Morristown, N.J. Involved in the deal: SJP Properties, Sanofi, Scotto Properties, Cushman & Wakefield and Gensler.
- Unilever Headquarters Restructuring, Englewood, N.J. Involved in the deal: CBRE, SJP Properties, Savills, JLL and UNLMTD Team.
The two finalists for the Emerging Markets Deal of the Year are:
- 1888 Studios, Bayonne City, N.J. Involved in the deal: Togus Urban Renewal LLC, Sills Cummis & Gross P.C., Gensler, Turner Construction, Pizzutillo Public Affairs LLC, US Title Solutions, Bayonne City Municipality, NJEDA, Biggins Lacy Shapiro & Company LLC, Benecke Economics, Langan, PS&S, SESI Consulting Engineers and Elysian Consulting Group LLC.
- MLB Network/Crow Holdings – 25 Market St., Elmwood Park, N.J. Involved in the deal: Crow Holdings Development, Atlas Holdings, JLL, CBRE and MLB Network.
To learn more about this year’s Deal of the Year finalists, visit https://www.naiopnj.org/2025DOY38thAnnualGala.
To purchase tickets, visit https://naiopnj.org/event-6118618. For digital journal placements and sponsorship information, contact Donna Laterza at 732-729-9900.
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