Real Estate Weekly
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Construction & Design

New owners unveil Jericho renovation plan

Oxford & Simpson, the new owner of Jericho Plaza, the 670,000 s/f Class A, two-building office complex in Jericho, NY, has unveiled a renovation plan for the property.

Onyx Equities has partnered with SL Green Realty Corp., Taconic Capital, and Triangle Capital Group, to formulate a multi-million dollar capital improvement plan for both buildings. The renovations, slated for completion at the end of the Fourth Quarter 2016, will include fully renovated lobbies, upgraded common area finishes, improved outdoor landscaping, six new car charging stations, and the creation of a new conference center amenity known as the Jericho Plaza Conference Hub.

Paul Amoruso, managing director of Oxford & Simpson Realty, and exclusive leasing agent for Jericho Plaza, stated: “This property offers arguably the best location on all of Long Island, only 20 minutes from LaGuardia or JFK, with access to all the major roadways, and high visibility from the Long Island Expressway. It’s close enough to the city to recruit from the boroughs, while still pulling from the east-end talent pool.

“The tenant roster is first class, housing Fortune 500 companies, including Deloitte, Ernst & Young, Morgan Stanley, Liberty Mutual, IBM, Berdon LLP, and Arthur J. Gallagher, amongst many others.

“These new renovations demonstrate the ownership’s commitment to maintaining the complex’s long-established reputation in the Long Island marketplace, while the property provides an escape route from the high office rental rates in Brooklyn, Queens, and Manhattan.”

Built during the late 1970s by architect, Michael Spector, Jericho Plaza is one of the most widely recognized office complexes on Long Island.

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