WOODBRIDGE, NJ—Onyx Equities says it leased nearly 850,000 square feet of space in 2014, with more than a quarter of a million square feet leased in the fourth quarter alone.
Onyx owns or manages more than 35 million square feet of office, retail, industrial, and self-storage properties in 10 states. In recent years the company says it has put aside more than $35 million in capital improvements, which has enabled the company to both attract new tenants and also retain existing tenants. In fact, during 2014, Onyx says it 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.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
