Onyx Equities, LLC Inks Four Deals
At 303 Corporate Center Bolstering Property to 95% Occupancy

Freehold, N.J., January 31, 2007 – Onyx Equities, LLC has negotiated four new transactions at 303 Corporate Center in Freehold, N.J., bringing the property from 73% to 95% occupancy.

303 Corporate Center is a 69,640-square-foot, two-building medical and professional office complex located near CentraState Medical Center, an acute care hospital.  The Schultz Organization’s Managing Director Julie Nachamkin represented Onyx Equities, LLC in each transaction, including:

  • A 4,016-square-foot new lease with Professional Orthopedic Associates, an orthopedic surgical team that specializes in sports medicine for local colleges and high schools.  Mrs. Nachamkin also represented the tenant in the deal.

  • A 3,279-square-foot expansion and lease extension with Zenith Marketing Group Inc, which already occupies 9,200 square feet at the property.  Zenith is a national full-service brokerage company that distributes annuity, life, long-term care and disability income insurance products to insurance professionals.  Adam Silver of Newmark Knight Frank represented the tenant.

  • A 2,525-square-foot new lease on behalf of Ivy Rehab Freehold, LLC, a physical therapy group.  Mrs. Nachamkin represented the tenant in the transaction.

  • A 2,192-square-foot new lease on behalf of Spine & Pain Management. Mrs. Nachamkin also represented the tenant in the deal.

“We are extremely excited to bring 303 Corporate Center to near 100% occupancy,” says Michael K. Nevins, Onyx’s vice president of asset management.  “Since acquiring the property in June 2006, we have seen this building become a magnet for medical tenants seeking offices in this highly visible corporate park.  We anticipate that the remaining 3,753 square feet of offices will not be vacant long.”

About Onyx Equities, LLC
Headquartered in Woodbridge, N.J., Onyx Equities, LLC was formed in 2004 and currently owns a portfolio of 2,735,000 square feet of office, retail, and industrial properties located in New Jersey, New York, Connecticut, and Pennsylvania. Since its inception, Onyx has acquired more than $418 million in assets throughout the region.  For more information, contact the firm at (732) 362-8800, or visit www.onyxequities.com.