Onyx Equities Leases Nearly 500,000 SF in First Half of 2015
Strong Demand, Commitment to Asset Quality, and High-Level Service Drive Continued Success
WOODBRIDGE, N.J., (October 6, 2015) – Onyx Equities’ (“Onyx”) strong growth continued during the first half of 2015 as the company announced today that it closed 73 leases during the first two quarters for nearly 500,000 square feet. This represents an approximate 25 percent increase in absorption over last year’s first-half leasing total of 400,000 square feet.
A leading real estate investment, development and management firm, Onyx has owned or managed more than 40 million square feet of property since 2008. During the most recent two quarters, the company leased more than 278,000 square feet of office space, more than 160,00 square feet of industrial and more than 45,000 square feet of retail space.
Several factors have contributed to Onyx’s success in attracting and retaining high-caliber tenants over the past few years. These include overall economic growth, the company’s commitment to operating leading-edge facilities and its technology-focused management platform, which enables Onyx to provide efficient, white-glove service to its tenants.
“While we are benefiting from a strengthening level of demand,” said Adam Karafiol, Senior Vice President of Leasing for Onyx Equities. “Existing and prospective tenants recognize that we’ve made very strategic investments in our physical assets and that Onyx is far ahead of the curve in its innovative approach to management.”
Karafiol added: “Companies view us as partners in their growth, and they look at their spaces as an important part of their overall business strategies. They require operators that are forward thinking, flexible and responsive to their changing needs. A critical part of our business model is our emphasis on providing a 21st-century business experience, in every sense of the word, for our tenants.”
Onyx’s approach is based on what co-founder and managing principal Jonathan Schultz calls the “Three Ts” of 21st-century commercial real estate success: talent, technology and team. This involves deploying the right talent to the right teams and empowering those teams through technological innovation. It also includes the pioneering use of numerous best-of-breed business software applications from which the company has masterminded a seamlessly integrated property management platform.
The Onyx platform allows on-site and regional management teams to streamline every aspect of their operations and communications. Functionalities include a customizable dashboard, management of receivables and payables, cash flow forecasting, tracking of leasing activities, scheduling of maintenance activities, enhanced data analysis and responding to tenant needs.
Two of the more noteworthy leases completed by Onyx Equities during the first two quarters of 2015 include a 26,520-square-foot expansion with Shiseido at 301 Route 17 North in Rutherford, NJ and a 37,435-square-foot expansion with OrthoNet at 1311 Mamaroneck in White Plains, NY.
For more information about Onyx Equities, visit www.onyxequities.com.
About Onyx Equities, LLC
Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC is a leading private real estate investment, management and development firm. Since its founding in 2004, Onyx has acquired more than $2 billion worth of real estate assets throughout New Jersey, New York, Pennsylvania and Connecticut. Since 2008, the firm has owned, managed or served as the appointed Receiver for more than 40 million square feet of office, retail, industrial, and self-storage properties. The company’s rapidly growing Receivership and REO portfolio has recently expanded into 11 states along the east coast. For more information on Onyx Equities, contact the firm at 732-362-8800, or visit www.onyxequities.com.