MORRISTOWN, N.J. – United Way of Northern New Jersey is proud to announce the three finalists for its annual Impact Award, which recognizes a commercial real estate project that had the most positive impact in the region in the past year.
By transforming outdated or vacant properties these finalists are each helping to boost the regional economy. Their projects have retained more than 1,000 jobs and will bring in hundreds more while significantly boosting tax revenues.
The finalists are:
· 56 Livingston Avenue, Roseland. Mountain Development Corp. and Square Mile Capital Management reimagined this former single-tenant headquarters into a best-in-class multi-tenant facility after five years of vacancy. Putting $50 million in improvements into the building, the developers attracted two large New Jersey law firms as tenants: Lowenstein Sandler and Connell Foley.
· Allergan, 5 Giralda Farms, Madison. Pharmaceutical giant Allergan will consolidate its New Jersey-based operations and have a larger home for its U.S. headquarters at the newly renovated 432,000-square-foot building. By choosing to remain in New Jersey, Allergan is keeping more than 1,000 jobs in the state and bringing revenue into the area. In addition, the company has pledged to create 300 additional new full-time jobs.
· Daiichi Sankyo, 211 Mount Airy Road, Basking Ridge. Onyx Equities and Rubenstein Partners took a 40-year-old property and transformed it into a high-quality, Class A office space, attracting Japan’s second largest pharmaceutical company. Daiichi Sankyo will use the 300,000-square-foot building to consolidate its U.S headquarters and two operations sites, allowing the company to realize efficiencies and strengthen collaboration between business segments while keeping hundreds of jobs in New Jersey.
Finalists are chosen by the United Way Commercial Real Estate Network, a group of dedicated industry executives who partner with United Way for its largest annual fundraiser. The winner will be announced at the 18th annual United Way Commercial Real Estate Network Legacy Luncheon on May 19 at the Hanover Marriott.
This annual United Way networking and fundraising event attracts more than 400 leading industry professionals. Since 1999, the commercial real estate industry has helped raise more than $2.5 million for United Way. This year’s Gold Sponsors are JLL and Turner Construction Company.
Attendees will hear from keynote speaker Regina Hartley, vice president of human resources for UPS Information Technology whose TED talk on hiring those who have overcome adversity has been viewed more than three million times.
In addition, top industry executive Robert Kossar of JLL will moderate the luncheon. An executive managing director, Kossar leads JLL’s New Jersey business and represents their most important clients.
This year’s honorary guests are Lee Maas, vice president of development for Jaguar Land Rover North America, LLC; Jon Sheh, director of Johnson & Johnson’s Workplace Experience Program in the Americas; and Michael Sommer, executive vice president of development at Edison Properties.
Along with recognizing the industry’s outstanding achievements, the event also raises critical funds for United Way’s work across the region to improve life for ALICE (Asset Limited, Income Constrained, Employed) individuals and families who are working but struggling to afford the basics. United Way works to remove the barriers that keep ALICE and those in poverty from reaching their potential. By tackling the underlying causes of financial instability — the lack of a quality education, insufficient income and poor health, United Way seeks to create long-lasting, positive change.
For more information, or to register for the event, visit www.UnitedWayNNJ.org/CRE2017.
About United Way of Northern New Jersey
United Way of Northern New Jersey is a nonprofit organization working to improve people’s lives and strengthen communities by focusing on Education, Income, and Health. These are the building blocks for a good life – a quality education that leads to a stable job; the tools needed to achieve financial stability; and good health. We lead caring communities to create long-lasting changes that transform people’s lives. Together, united, we can inspire hope and create opportunities for a better tomorrow. United Way of Northern New Jersey serves Morris, Somerset, Sussex, and Warren counties as well as portions of suburban Essex County, including the Caldwells, Cedar Grove, Essex Fells, Fairfield, Glen Ridge, Livingston, Millburn-Short Hills, Montclair, Roseland, and Verona. Give. Advocate. Volunteer. LIVE UNITED. To learn more, call 973.993.1160 or visitwww.UnitedWayNNJ.org.