DEAL OF THE YEAR FINALISTS
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INDUSTRIAL
*** FreezPak Logistics Center was the WINNER of the 2021 INDUSTRIAL DEAL OF THE YEAR ***
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FreezPak Logistics Center
ELIZABETH/NEWARK The redevelopment project is a 75-foot high freezer warehouse on a site located in two different urban municipalities (the cities of Elizabeth and Newark), owned by a partnership between Elberon Development Group and The Fidelco Group. Numerous complexities include the formation of two different joint ventures, government approvals from two different municipalities, a PILOT agreement, environmental remediation, a subsequent application for additional trailer parking, the incorporation of solar panels, and myriad construction complications compounded by circumstances of the pandemic. * * * INVOLVED IN THE DEAL Elberon Development Group The Fidelco Group FreezPak JLL Langan Engineering and Environmental Services Ware Malcomb Chiesa Shahinian & Giantomasi PC Orloff, Lowenbach, Stifelman & Siegel, P.A. Preferred Industrial Properties |
*** Lincoln Logistics Bayonne – UPS Lease was the WINNER
of the 2021 TRANSFORMATIONAL INDUSTRIAL DEAL OF THE YEAR ***
of the 2021 TRANSFORMATIONAL INDUSTRIAL DEAL OF THE YEAR ***
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Lincoln Logistics Bayonne – UPS Lease
BAYONNE Lincoln Equities Group announced an 886,256-square-foot lease signing from UPS, for a regional hub and package distribution center in Bayonne, N.J. UPS becomes the anchor tenant at the new industrial park, set on a 152.9-acre site just 8 miles from Manhattan's Holland Tunnel. * * * INVOLVED IN THE DEAL Lincoln Equities Group Cushman & Wakefield Blau & Berg Langan Engineering & Environmental Services Fox Rothschild |
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Piscataway Logistics Center
PISCATAWAY Transwestern and Quad Real Property Group acquired the 330 S. Randolphville Road development site in fall 2020, which included an existing building on the site. While redeveloping the site in spring 2021, General Plumbing Supply was secured with a new 298,253-square-foot lease for both buildings. Avison Young arranged both the sale and lease. * * * INVOLVED IN THE DEAL Transwestern Development Company Avison Young ARCO Design-Build Contractors Dynamic Engineering Bob Smith & Associates General Plumbing Supply Blau and Berg |
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Redevelopment of the Shoppes at Hamilton
HAMILTON MERCER COUNTY Cushman & Wakefield represented Stoltz Real Estate Partners in the sale of the 125,039 sf Shoppes at Hamilton to Metrix and Penwood. C&W’s industrial leasing team subsequently negotiated a long-term lease with Amazon. This represents one of the first retail repositioning/redevelopments of a mall to alternative use in New Jersey. * * * INVOLVED IN THE DEAL Cushman & Wakefield Metrix Real Estate Services, LLC Penwood Real Estate Investment Management |
