SOMERSET, NJ−At a jampacked gala attended by more than 800 industry professionals here Thursday evening, the three winners of NAIOP-NJ'S 2013 Deal of the Year Awards went to:
- The New Jersey Center of Excellence, a re-purposing of a pharmaceutical campus in Bridgewater
- GAF's headquarters relocation to an upgraded campus in Parsippany
- NFI Park at Florence Crossings, two build-to-suit projects in Florence
In addition, a surprise “Chairman's award” was handed out by NAIOP-NJ's president Michael Seeve from the podium at The Palace of Somerset Park event, going to Somerset Development. The firm was honored for bringing to fruition an 11-year effort to redevelop the former Bell Labs property in Holmdel.
The 2-million-square-foot, 472-acre former research facility was sold to Somerset by Alcatel-Lucent a year ago, following two other failed development attempts and Somerset's determined 8-year effort to win approval for its town-center concept.
Somerset Development will transform the mid-century modern building, designed by renowned architect Eero Saarinen, into “Bell Place,” a mixed-use office and retail center, with additional housing development on the pastoral grounds.
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