Onyx Equities one ups the competition
Capping a year in which Onyx Equities’ portfolio of owned and managed properties conducted nearly 850,000 s/f of leasing activity, the company reported that it leased more that 260,000 s/f in the fourth quarter alone.
The real estate investment, development and management firm, has owned, managed or served as the appointed Receiver for more than 35 million square feet of office, retail, industrial, and self-storage properties in 10 states.
In recent years the company has allocated more than $35 million in capital improvements, an investment that has enabled the company to both attract new tenants and also retain existing tenants. During 2014, Onyx closed nearly half a million square feet in renewal leases.
“Our capital intensive program reflects our belief that, in order to compete, we need to pay close attention to what today’s tenants need, including equipment, layouts, design, infrastructure and atmosphere,” said Adam Karafiol, senior vice president of leasing for Onyx Equities.
“We’ve taken an older stock of buildings and updated these assets into properties that offer everything a high-caliber tenant looks for.”
Some of the noteworthy transactions that Onyx completed during the fourth quarter include the renewal of telecommunications giant, Avaya, (61,600 s/f) at 211 Mount Airy Road in Basking Ridge, New Jersey and a 14,000 s/f expansion by Sony Music Entertainment expanded at Meadows Office Complex, in Rutherford.
UBS signed a new lease for 14,973 s/f at One Jericho Plaza, in Jericho, New York. The global financial services company moved its financial advisor operations to the iconic building in order to take advantage of its location adjacent to the Long Island Expressway (LIE).
● the hampshire companies
Port call a winner
The Hampshire Companies executed more than 2.2 million square feet of new and renewal lease transactions during 2014.
James E. Hanson II, president and CEO, said Hampshire saw an “unprecendented demand” quality industrial space in locations such as the Port area on NJ.
“We are committed to acquiring properties in strategically positioned markets and transforming them into the type of Class-A, flexible spaces that meet the needs of today’s leading companies and brands,” he added.
The most notable leasing transactions from the second half of 2014 include the Clorox Company renewal of 200,000 s/f lease at 550 Research Parkway in Meriden, CT; SGS North America Inc. leased 21,000 s/fat 1 Washington Avenue in Fairfield, NJ and; JP Morgan Chase leased 15,721 s/f at Centra at Metropark, in Woodbridge, N.J.
●winick realty group
Ashkenazy retail assignment
Winick Realty Group NJ senior vice president and co-founder Tyler Bennett announced that Ashkenazy Acquisition Corporation has selected the company to market new retail in Fort Lee, NJ.
2151 Lemoine Avenue includes spaces of 1,800 s/f or up to 8,300 s/f in the Washington Bridge Plaza shopping center.
Located immediately over the George Washington Bridge and one block from Fort Lee High School, the center is anchored by Walgreens and includes such national co-tenants as Verizon, Five Guys, GNC, and an HSBC Bank branch that boasts over $115 million in deposits.
“Washington Bridge Plaza is one of the few shopping centers in the Fort Lee market with on-site parking, as well as accessibility for both pedestrian and vehicular traffic, and the center has had a long history of housing very successful retailers,” said Bennett.
Bennett is also marketing Ashkenazy Acquisition Corp’s multiple retail spaces at Toms River Center.
McLoone’s new digs
CBRE Group Inc., New Jersey announced that its CBRE FAMECO retail division has completed a lease transaction for Onyx Equities with McLoone’s Restaurants at 26 Broad Street in Red Bank, NJ.
McLoone’s has opened The Robinson Ale House – the latest of the company’s 11 restaurants in New Jersey – in the town’s central business district.
The CBRE FAMECO team of Jay Miller and Steven Winters represented Onyx Equities in the company’s search for a new high-profile restaurant operator to fill this iconic location.
The Robinson Ale House, now situated in the 5,000-square-foot property owned by Onyx Equities, features an alehouse design with a modern menu. McLoone’s signed its lease at the property for a 20-year term.
●newmark grubb knight frank
NGKF marketing former Pfizer facility
Newmark Grubb Knight Frank (NGKF) has been named exclusive leasing agent for 5 Giralda Farms, a 465,000 s/f Class A office property in Madison, N.J., owned by Lincoln Equities Group.
Completed in 1992, the former Pfizer headquarters features high-end office space in an easily accessible location.
The trophy asset comprises five contiguous three-story buildings connected by a three-level, skylit atrium. Situated on 50 acres, within a private, gated campus, 5 Giralda Farms offers a 15,000 s/f fitness center with a basketball court, conference facilities, cafeteria, a 9,200 s/f carriage house and underground parking spaces.
A separate 12,985f building serves as an on-site daycare center.
David Simson, vice chairman and COO of NJ operations, is leading a marketing team that includes Timothy Greiner and Steve Tolkach, Jamie Ragucci and Harrison Russell, in cooperation with Lincoln Equities Group Senior Director of Leasing Ken Flynn, Jr.