Woodbridge, NJ - May 27, 2008 - Onyx Equities, LLC announces the sale of a 10 acre site featuring an 84,471-square-foot, single-story warehouse and distribution facility at 3501 Island Avenue in Philadelphia, Pennsylvania to a Philadelphia based real estate company. Onyx Equities acquired the property a little over a year ago for $3.8 million.

"There was significant interest in this property due to its desirable location within the Philadelphia International Airport industrial submarket," said Michael K. Nevins, vice president of asset management, Onyx Equities.  "We were able to successfully execute the acquisition and disposition of this property within a very quick timeframe and deliver an excellent return to our investors."

The 84,000-square-foot building at 3501 Island Avenue, formerly occupied by BOC Gases, offers 10 tailgates, one drive-in door, and 24' ceiling heights. The building also features 19,000 square feet of office space, 15,000 square feet of air-conditioned production area, and excellent parking.  The excess land provides the ability for significant building and parking expansion.

Onyx Equities was represented in the transaction by The Staubach Company's Daniel J. Loughlin, managing principal, New Jersey Corporate Offices Division; Brian Knowles, MCR, CCIM, principal-Industrial Services/REALogistics Practice Group; Harry Thomes, vice president; and Jon Compitello, associate, Industrial Services.

About Onyx Equities, LLC
Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC was formed in 2004 and currently owns a portfolio of 3,396,000 square feet of office, retail, and industrial properties located in New Jersey, New York, Connecticut, and Pennsylvania and Florida. Since its inception, Onyx has acquired over $680 million in assets throughout the region.  For more information on Onyx Equities, LLC, contact the firm at (732) 362-8800, or visit www.onyxequities.com.