Mid Atlantic Real Estate Journal — New Jersey — March 14 - 27, 2014 — 13B
www.marejournal.com
N ew J ersey
Real Estate firm caps successful 2013 with 721,957 s/f OnyxEquitieshas24%increase in2013 including66,868s/f lease
NEW RETAIL SPACE Kmart Center Rte. 37 Toms River
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at Penn Mutual Towers, a receivership property in Phila- delphia, PA. • Taylor & Francis Group LLC signed a new lease for 28,358 s/f of space at Penn Mutual Towers. Newmark Grubb Knight Frank senior managing director Jack Sol- off represented the tenant. • Kraemer Properties, Inc. renewed its 25,200 s/f lease at 1925 Swarthmore Ave., a receivership property in Lake- wood, NJ. • Valley National Bank renewed its 21,334 s/f lease at 2 Jericho Plaza, an Onyx- owned property in Jericho, NY.
O O D B R I D G E , NJ — Reflective of a flight to quality
CBRE senior vice president David Leviton represented Valley National. • Deloitte, LLP renewed its 37,224 s/f lease at 2 Jericho Plaza. • Federal Home Loan Bank renewed its 20,826 s/f at 30 Montgomery St., an Onyx owned-property in Jersey City. • SGS North America, Inc. renewed its 36,920 s/f lease at 201 Route 17 North, an Onyx-owned property in North Rutherford. Cushman & Wakefield associate director Ben Brenner represented the tenant. n
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in the commercial real estate market, Onyx Equities an- nounced that 2013 was one of the most active years for leasing in recent years. On the year, the leading private real estate investment, develop- ment and management firm, completed 721,957 s/f of lease transactions throughout its vast portfolio of office, retail, industrial and self-storage properties. According to Onyx, this represents a 24% year-over- year increase in total leasing for the company, which owns and/or manages 21 million s/f of properties along the East Coast. “The increased amount of leasing activity throughout our portfolio can be attributed to a strengthening commercial real estate market combined with a desire among both office and retail tenants to identify spaces that offer a value proposition,” said Jared Minatelli , Onyx Equities’ senior vice president of asset management. “In all property types, we’re encouraged with what we see, which is a large number of tenants that are seeking to upgrade or expand upon their space while favor- able conditions exist. This leads us to anticipate further growth for the Onyx platform in 2014.” Some of the more notewor- thy leases completed by Onyx Equities in 2013 include: • Shiseido Americas Corp. signed a new lease for 26,520 s/f of space at 301 Route 17 North, an Onyx-owned prop- erty in North Rutherford, NJ. Studley executive managing director John Mambrino and senior managing director Gregg Najarian represented the tenant. • Kids Brands, Inc. signed a new lease for 26,520 s/f of space at 301 Route 17 North. Newmark Grubb Knight Frank senior managing direc- tor Peter Rossi represented the tenant. • Mister Cookie Face, Inc. renewed its 40,625 s/f lease at 1989 Rutgers University Boulevard, a receivership property in Lakewood. WBS Equities principal Wendy Berger Shapiro represented the tenant. • BDP International re- newed its 66,868 s/f lease
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