SOMERSET, NJ-One was a build-to suit that turned into one of thelongest lease terms in Meadowlands history. The otherinvolved the sale and construction of a headquarters in thePalisades area. Another entailed building and leasing a LEEDplatinum building. All were honored last night by NAIOP NJ as dealsof the year at the organization’s 24th Annual CommercialReal Estate Awards gala at the Palace at Somerset here.

The organization received a record of 19 submissions for “Dealof the Year,” noted Michael McGuiness, NAIOP NJ CEO at the gala.The Macy’s Parade Studio in Moonachie was named the CreativeIndustrial Deal of the Year, with honors going to CB Richard Ellis,Macy’s and Russo Development. The deal involved finding a new homefor Macy’s parade within eight miles of the Lincoln Tunnel under atight deadline.

The sale and construction of LG Electronics’ new North AmericanHeadquarters at 111 Sylvan Avenue, Englewood Cliffs was namedEconomic Impact Deal of the Year, with honors going to CBRE, LGElectronics USA and Piedmont Office Realty Trust.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.