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Construction & Design Deals & Dealmakers

Onyx gets okay to build state-of-the-art facility in Jersey

Onyx Equities has won approval to redevelop 440 Franklin Turnpike in Mahwah, N.J.

The 7.8-acre site contains a 108,000 s/f vacant, low-ceiling office structure built in the 1960s. Onyx plans to turn it into Northern Bergen County’s most modern industrial delivery.

Site plan approvals include a 120,000 s/f, 36-foot clear warehouse and distribution facility designed with a 50-foot by 47-foot column span and 6,000 s/f of mezzanine office.

Onyx expects to begin demolition of the existing structure in June, with delivery estimated for the summer of 2019.

Onyx has selected JLL to lease and market 440 Franklin Turnpike.

The leasing assignment is led by David Knee, executive managing director, and Christopher Hile and Dean Brody, managing directors, all with JLL.

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