Real Estate Journal — Northern New Jersey — June 14 - 27, 2019 — 7B
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M id A tlantic
N orthern N ew J ersey
OnyxEquitiesmoves to newoffices at its Gateway Center in Newark
EWARK, NJ — Brad Domenico , partner at Progress Capital Zimmel of Natixis Bank provides financing Progress’sDomenicosecures$34M in financing for Newark building N
NEWARK, NJ — Joining a spate of esteemed ten- ants announcing moves to Newark’s Gateway Center, Onyx Equities, LLC , which leads the group that recently acquired One, Two and Four Gateway, announced it will move its capital markets, asset management & con- struction divisions to One Gateway Center in July. “Newark’s corporate an- chors have been here for years now, drawn by ten gigabit fiber infrastructure, unmatched young talent, venture capital, residential investment, unparalleled transportation options and downtown walkability for both residents and commut- ers,” said John Saraceno,
Jr., co-founder and man- aging principa l for Onyx Equities, LLC. “Both our investment in Gateway and our decision to locate here are reactions to the fact that Newark is ready-made for an era driven by locations that provide convenience and cultural energy. We’re excited to bring our staff to Newark and to work with its elected and business officials to share in helping the City reach its potential as a busi- ness magnet.” The joint venture pur- chased One, Two and Four Gateway Center inDecember 2018 and has begun rede- velopment plans to reinvent critical interior and exterior complex features.
arranged a $34 million CMBS loan on behalf of his clients, J o y Con - s t r uc t i on and MADDD Equities for a seven-story
Brad Domenico
office building located at 765 Broad St. in Downtown New- ark. The borrowers along with investors, Drew Katz and Newmark Knight Frank’s Justin DiMare purchased the property back in 2016 for $10.5 million and now plan to recapitalize the deal. The 200,000 s/f building was originally built in 1957 as part of the Prudential Insurance Corporate Site and recently became the new headquarters for the Newark Public Schools. Domenico secured a 5-year deal and full-term IO. Financ- ing was provided by Jared Zimmel of Natixis Bank . IOREBA to Host Annual Golf and Tennis Outing MORRISTOWN, NJ — On Monday, June 17th, the Indus- trial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA), will host its annual Golf and Tennis Outing at the Morris County Country Club in Morristown. The Club features an 18-hole, par 70 course on 150 acres. “IOREBA’s annual golf and tennis outing is always an enjoyable day at one of New Jersey’s finest golf clubs,” said Thomas Romano , 2018-2019 IOREBA president, and man- aging director of Jones Lang LaSalle in Princeton. “We anticipate a sold-out event this year, ensuring guests and participants a fun-filled day of golf and tennis, and a great op- portunity to network with some of our industry’s most respected commercial real estate industry professionals,” he added. Guests will be treated to an outstanding day of golf, tennis and networking, a buffet lunch, followed by a cocktail open bar and dinner. This year the golf tournament will be a Shamble format, where golfers play their own ball from the foursome’s best drive.
765 Broad St.
EXCLUSIVE PROPERTIES FOR SALE
Delaware County, PA 2 Buildings 82 Residential Units Total Matt Weilheimer ext 253
Middlesex County, NJ 9 Buildings 73 Residential Units Total Justin Lupo ext 225 Barry Waisbrod ext 272
Paterson, NJ 76 Residential Units Michael Salomon ext 243
Ridgefield Park, NJ 36 Residential Units Robert Squires ext 287
Long Branch, NJ 1.97-Acre Oceanfront Development Zoned for 59 Units in Opportunity Zone
Lakewood, NJ 9,650 SF Retail + Office Daniel Lanni ext 248
Jason Pucci ext 214 Jeff Wiener ext 286
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