8B — June 17 - July 21, 2022 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern NJ
Firm secures 7-year lease at class A office space at the Vision Real Estate Partners building Colliers announces new office location in Parsippany, New Jersey
P ARSIPPANY, NJ — Colliers has moved its Parsippany, NJ location to Northpoint at 20 Waterview Blvd. The firm signed a seven- year lease for 7,500 s/f of space at the Vision Real Estate Partners building. The new space can accom- modate forty individuals and is strategically located in close proximity to all of the key New Jersey office markets as well as New York City. The office will accommodate Colliers' growing team of top-tier industry profes- sionals as they provide clients with the highest quality real estate solutions “The new office puts us in an excellent position to con- tinue exceeding the needs of our clients while also growing our New Jersey business,” said Dennis Waggner , executive managing director, market leader of Colliers New Jersey. “The exceptionally high-end build-out and finishes coupled NEWARK, NJ — On Thurs- day, May 19th, Onyx Equi - ties was joined by Newark Mayor Ras Baraka and other Newark elected and civic lead- ers to unveil the new two-story “Jewel Box” entryway into Gateway Center, downtown Newark’s cornerstone rede- velopment project that links three newly reimagined class A office towers through a mas- sive 100,000 s/f retail/dining concourse known as The Junc- tion, opening later this year. The event celebrates a pin- nacle moment in Gateway’s transformation - one of the largest in New Jersey’s his- tory, and Newark’s revital- ization as an international center for commerce, culture and cuisine. “The new Jewel Box entry- way and the larger Gateway redevelopment project are a testament to what New Jer- seyans have always known: there is no better place in the world to live, work, and play,” said Governor Phil Murphy . “Visitors, employees, and fam- ilies will all benefit from this game-changing development, which showcases some of the best dining options and recre- ational activities the Garden State has to offer. Now more than ever, Newark remains
out with the most modern and advanced fixtures, finishes, furniture, and technology. Featuring unparalleled light sources and open air, the layout provides an ideal mix of private space and open areas fostering collaboration, a key component of the Colliers brand. This, com- bined with the amenities and common areas in the building provide Colliers and all ten- ants at Northpoint a modern workplace accommodating all work styles. Colliers is among the fastest growing commercial real estate firm in the state with revenues that have increased by nearly 2.5X over the past five years, as the firm attracts the most talented and active brokers in the market. With fifty brokers and nearly two dozen support team members across their offices in Parsippany, Princ- eton, Woodbridge, and Mt Laurel, this new office will be a showcase space for the entire activate the streetscape and create a welcoming connection to the community. Designed in the 1970s, Gateway was delib- erately inward-facing with lit- tle connection to the life of the city, but Onyx’s new vision re- engages the community,” said Roger Smith , design director. “With street level local retail- ers, a landscaped public plaza and the two-story entrance hall across from Newark Penn Station, Gateway will become Newark’s new front door.” Comprised of some of the tallest buildings in the city, the transformation of the 2.3 million s/f, four-building Gate- way Center complex is nothing short of spectacular. Inside and out, over $50 Million in capital improvements bring the vision of world-renowned architect Gensler to life, introducing a new exterior fa- çade, modernized lobbies and common areas, tech-forward collaborative spaces, generous and flexible office build-out configurations, state-of-the- art post-COVID sanitation systems, a newly renovated parking garage, and a best- in-class retail experience that anticipates over 75,000 daily visitors once complete thanks to direct skybridge connectiv- ity to Newark Penn Station,
market. The brokers in New Jersey support a full range of commercial clients including industrial, office, capital mar- kets, and retail. In addition to the brokerage functions, Colliers NJ has best in class market resources including re- search, analytics, marketing as well as property management to help support their client’s real estate objectives. Several units are currently available at Northpoint rang- ing from 7,500 to 26,000 s/f and are being leased by Colliers executive managing directors Sam Horowitz and Chris Hovanec . The property also features renovated lobby, café, and common areas, and con- ference centers and an open atrium and patio. The building is conveniently located close to I-287 and I-80 and is surround- ed by a number of shopping and dining options including Whole Foods, Shake Shack and many others. MAREJ a Doubletree by Hilton, One Riverfront Center, Panasonic’s Corporate Headquarters, and several new residential devel- opments under construction. “Gateway is on course to be New Jersey’s premier office and dining destination – the first of its kind in our state,” said Matthew Flath , vice president of asset manage- ment at Onyx Equities. ] “We know we’re hitting the right note because we’re attracting world-renowned restaurants like Serafina and celebrity chefs like Esther Choi of Mök- bar, as well our top-tier region- al and local culinary talent.” Appealing to a wide audi- ence, the development also plays a major day-to-day role in the immediate area where there is a growing population of 300,000, a daytime work- force population of 200,000 and 58,000 riders who board at Newark Penn Station daily. In addition, more than 60,000 vehicles pass The Junction at Gateway Center along Mc- Carter Highway each day. Prudential Center, home of the New Jersey Devils and Seton Hall Pirates Basketball, is directly across the street and four major universities with over 50,000 students are nearby. MAREJ
20 Waterview Blvd.
with the strategic location will serve to attract top-tier profes- sionals as this office will offer the newest and most techno- logically advanced space to grow our business.” “We are pleased we were able to provide Colliers an updated office space that suits the needs of their ever- expanding team,” said Sam Morreale , founder and man- aging partner of Vision Real Estate Partners. “We’re also
looking forward to continuing our work with Colliers as they continue their work as the leasing agent for Northpoint at 20 Waterview Blvd.” Northpoint is a class A prop- erty featuring 225,000 s/f of of- fice space. The asset underwent a multi-million-dollar renova- tion in 2020 transforming into one of the most highly desirable buildings in the market. Col- liers' new space in Suite 310 boasts a completely new build Farinella, 375˚ Chicken & Fries, Chip City Cookies, The Brookdale, among other no- tables – many of which were highlighted as part of the Grand Opening celebration. Additional fitness, educa- tional, and wellness retailers will round out a total lifestyle program. "The Jewel Box is a state-of- the-art entrance to the Gate- way Center, one of our city’s signature complexes,” Mayor Baraka said. “Adjoined with The Junction that opens later this year, it will showcase our excellence, hospitality, and diverse array of food to New- ark residents, workforce, and visitors. “We are thankful to Onyx Equities for transform- ing such an important center in the heart of our downtown." “We are opening The Jewel Box at a really exciting time when people are coming back to the office,” said Jonathan Schultz , co-founder and prin- cipal at Onyx Equities. “This was not just about improving the pedestrian and employee experience within the com- plex; it is part of a larger over- all reinterpretation of what Newark can be for businesses and residents looking for a thriving urban community.” “Our design intent was to
Onyx Equities debuts head-turning renovation at Gateway Center’s grand opening in Downtown Newark, New Jersey
Shown from Left: John Saraceno, Mayor Ras Baraka, Jon Schultz. an internationally renowned commercial and cultural hub.” Located along Raymond Pla- za West across from Newark Penn Station, the “Jewel Box” was designed as a welcoming beacon for all Newark visitors, employees, and residents, and will soon serve as the main entrance into The Junction, which will deliver an exciting combination of food options from Newark’s local culinary talent and well-known res- tauranteurs from across the Hudson River in late 2022. Recently announced restau- rant tenants include Serafina, Mökbar, Brooklyn Dumpling Shop, Fresh & Co, Greek from Greece Bakery & Café,
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