C&W Takes Deal of the Year Award

TEANECK, NJ-Before some 900 attendees at the New Jersey Chapter of NAIOP’s 18th annual black-tie gala here last night Cushman & Wakefield’s Metropolitan Area Capital Markets Group walked off with the organization’s Deal of the Year Award for the second year in a row, and for the fourth time in 11 years. The award-winning transaction was C&W’s orchestration of the sale and leaseback of Unilever’s 385,000-sf R&D campus in Edgewater, NJ. Andrew Merin, executive vice president of the MACMG accepted the award.

C&W beat out three other finalists, including CB Richard Ellis for a deal involving the leasing of nearly 818,000 sf at Warren Corporate Center, Warren, NJ, to Citigroup. It was the largest single transaction in the past year. The others were Grubb & Ellis for a deal involving the Frisch School’s purchase of 120 W. Century Rd. in Paramus, NJ, subsequently converting the office building into a school; and Jaime M. Weiss Realty Co. for a three-office lease transaction related to North Fork bank’s acquisition of the Trust Co. of New Jersey.