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Livingston Town Center Changes Hands, Bought By Onyx Equities

LIVINGSTON, NJ-The 6-year-old mixed-use Livingston Town Center, where retail business has struggled in the past few years, has been purchased by Onyx Equities through its Phalanx Fund II, in partnership with Lubert Adler.

By Antoinette Martin | Updated on May 21, 2012

LIVINGSTON, NJ-The 6-year-old mixed-use Livingston Town Center, where retail business has struggled in the past few years, has been purchased by Onyx Equities through its Phalanx Fund II, in partnership with Lubert Adler. The Goldstein Group was hired to handle leasing at the center’s 80,000 square-foot retail center, about half-vacant at the time of purchase.

“When the chance presented itself to purchase the Livingston Town Center for a significant discount to its replacement cost, we at Onyx looked past the challenges and immediately to the vast potential opportunity,” says John Lavalley, who led for Onyx in the transaction. David Csantos of Newmark Grubb Knight Frank represented the seller.

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