NEWARK--The New Jersey Chapter of NAIOP, the Commercial Real Estate Development Association, presented the 2009 Commercial Real Estate Awards at its Twenty-second Annual Gala held at the New Jersey Performing Arts Center in Newark.
David T. Houston, Jr., of Colliers Houston & Co., received the Lifetime Achievement Award. The Impact Awards were presented to Boston Properties and Harvey Schultz of The Schultz Organization. Timothy Comerford of Public Service Electric & Gas Company and Randall Stewart of Principal Financial Group received the Industry Service Awards. The Chairman’s Award was presented to the New Jersey Carpenter Contractor Trust in recognition of their support for public policy initiatives designed to keep New Jersey working.
The Economic Impact Deal of the Year Award was presented to Cushman & Wakefield, Inc. for the sale of Pascack Valley Hospital, Westwood (a 280-bed, 425,000-sf facility plus three medical office buildings totaling 53,852 sf) to Hackensack University Medical Center, thereby restoring emergency and mobile intensive care unit services to the region with the addition of outpatient radiology and laboratory services.
The Creative Deal of the Award went to Viridian Partners/Burlington Neck LLC for the repositioning, remediation and development of the former Hercules Chemical Site in Burlington Township. The deal involved the cleanup of a 131-acre former resins plant and future development of 1.7 million sf of distribution warehouse space.
NJ-NAIOP
www.njnaiop.org
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