Real Estate Journal — Owners, Developers & Managers — April 28 - May 11, 2017 — 3B
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M id A tlantic
O wners , D evelopers &M anagers For 340 Mount Kemble Avenue in Morristown Onyx' large-scale renovation plans feature a new glass façade
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M
orristown, NJ — Onyx Equities, LLC (Onyx) is once
again tapping a senior NGKF leasing team led by Timothy Greiner, this time for its repo- sitioning of 340 Mount Kemble Ave. in Morristown, its newly acquired property that’s slated for a major transformation this year. After renovations, the 400,000 s/f building will feature a new glass façade that will flood its three floors with natural light, a dramatic full-height atrium lobby, collaborative environ- ments. Amenities will include conference rooms, a cafeteria, auditorium, fitness center, and parking for 1,600 vehicles. It is located five minutes from downtown Morristown, a historic area with restaurants, shops, hotels, cultural events and nightlife and plenty of new residential development. Onyx plans to run shuttle services from the building to the down- town district and the Morris- town NJ Transit train station throughout the day. "Onyx Equities has been on the forefront of renovat- ing aging office properties to meet market demand," said Mr. Greiner, who is joined by NGKF colleagues Blake Good- man and Colleen Maguire on the assignment. “In part- nership with PCCP, it plans to take 340 Mount Kemble to its bones, which already had been designed with larger ceil- ing heights and wide column spacing, and create an almost brand-new, state-of-the-art building that's not abundant elsewhere in the market.” “We're excited by the new vision for 340 Mount Kemble and believe large corporate users will appreciate what will essentially be a new building in a major transit area with direct access to Manhattan and major roadways,” said D.J. Venn , Onyx’s sr. VP of Asset Management. “We acquired a headquarters asset at land cost, which enables us to offer prospective tenants the highest quality product and a Morris- town address at very competi- tive rental rates." The NGKF team has a long successful track record working on behalf of Onyx in NJ, includ- ing securing Daiichi Sankyo for the entire 211 Mount Airy Road in Basking Ridge and the lease up of The Meadows in East Rutherford at 201 and 301 Rte. 17 North. n
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