Philadelphia, PA, June 12, 2007 – Onyx Equities, LLC has acquired the 84,471-square-foot, single-story warehouse/distribution facility at 3501 Island Avenue in Philadelphia, Penn.  Previously occupied by the BOC Group, the entire property is currently available for lease.

"With the historically low vacancy rates in the Philadelphia International Airport industrial submarket, this property is already being evaluated by a number of firms seeking a large block of warehouse/distribution space with superior access to all major highways, as well as the airport," says Michael K. Nevins, Onyx's vice president of asset management.  "In addition, the 10 acre property provides an occupant with the ability to expand the building by more than 90,000 square feet, or expand the parking field to accommodate more than 600 cars/trucks."

"The 3501 Island Avenue building proved to be a high quality facility in a vibrant and growing industrial area.  It afforded flexibility for our business operations and served BOC's needs extremely well during the years of our tenancy," says Peter H. Garra, Director, Real Estate for The BOC Group, Inc.

The building at 3501 Island Avenue offers 10 tailgates, one drive-in door and 24' ceiling heights.  The building also features 13,000 square feet of office space, 5,000 square feet of production area, excellent parking, and the ability to accommodate future expansion.  The space is located near the Philadelphia Airport and the U.S. Postal Service Center, with easy access to the region’s major roadways, I-95 and the Pennsylvania Turnpike.

Harry Thomes and Brian Knowles of The Staubach Company serve as the property’s exclusive leasing agents.

About Onyx Equities, LLC
Headquartered in Woodbridge, N.J., Onyx Equities, LLC was formed in 2004 and currently owns a portfolio of 3,534,000 square feet of office, retail, and industrial properties located in New Jersey, New York, and Pennsylvania. Since its inception, Onyx has acquired more than $647 million in assets throughout the region.  For more information, contact the firm at (732) 362-8800, or visit www.onyxequities.com.