Pfizer deal earns C&W team top award.For the fifth time in seven years, Cushman & Wakefield's Metropolitan Area Capital Markets Group has earned the esteemed "Economic Impact Deal of the Year Award" from the National Association of Industrial and Office Properties, New Jersey Chapter (NJ-NAIOP). The honor was announced at the group's annual gala, which took place on May 10 at the New Jersey Performing Arts Center The New Jersey Performing Arts Center (NJPAC) is a complex in downtown Newark, New Jersey, United States of musical and theater facilities that opened in 1997. It is one of the major parts of Newark's revitalization plan in the center near the Passaic River waterfront, east in Newark. The award recognized Cushman & Wakefield's Metropolitan Area Capital Markets Group for orchestrating Pfizer's sale of 295 North Maple Avenue in Basking Ridge to Verizon. The transaction represented the second time in four years that the team, which is headed by Andrew Merin and includes Gary Gabriel, Jose Cruz Jose Luis Cruz (Cheo) can refer to different people:
Key Cushman & Wakefield members involved in the project included Andrew Merin, vice chairman and head of the Metropolitan Area Capital Markets Group; Bob Donnelly, vice chairman; Marc Rosenberg, executive vice president; Kevin O'Hearn, financial manager, Metropolitan Area Capital Market Group; Charles Borrok, vice chairman; Josh Kuriloff, executive vice president; and Alex Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , director. "Ten days after Pharmacia purchased the property from AT&T in 2002, the company was acquired by Pfizer," noted Joseph Harbert, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the New York Metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. region, Cushman & Wakefield. "For almost three years, this incredible corporate campus sat vacant, its future unknown. At the end of the day, Verizon, initially a spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. from AT&T in the 1980s, has brought the property full-circle. It will remain a beacon of the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry's dominant presence in the Garden State. This sale has a hugely positive impact for New Jersey on many levels. We are incredibly proud of our team members." Two other Deal of the Year finalists included Preferred Real Estate Investments, for American Metro Center, and ProLogis, for Port Reading Business Park. |
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