March 4, 2009 - Onyx Equities, LLC continues to close significant lease and sales transactions throughout the Tri-State area, announcing the sale of three properties totaling 479,636 square feet and the execution of 355,364 sf of lease agreements in 2008.

In 2008, Onyx Equities closed the following significant sale and lease transactions:

• Sold a 316,797 sf Class-A office building located at 1311 Mamaroneck Avenue in White Plains, NY.
  
  
• Sold an 84,471 sf industrial building located at 3501 Island Avenue in Philadelphia, PA.
  
  
• Sold the Summerhill Marketplace, a 78,368 sf grocery anchored retail center in East Brunswick.
  
  
• Signed leases absorbing a total of 120,461 sf at the 600,000 sf Meadows Office Complex, including 72,361 sf with MALO Consulting NJ and 23,409 sf with Control Point Solutions, LLC.  This two-building Class-A office complex is located in the Meadowlands submarket in Bergen County, New Jersey.
  
  
• Renewed a 17,673 sf lease with Schonfeld Securities at Jericho Plaza.  This 640,000 sf two-building Class-A office complex is located in Jericho, New York.
  
  
• Signed a 15,500 sf lease renewal with JH Cohn at 1311 Mamaroneck Avenue in White Plains, New York.
  
  
• Completed 10,403 sf of leases with six tenants at 266 Harristown Road in Glen Rock, New Jersey.
  

"The need for flexibility and creativity in providing solutions for our clients is something we are keenly aware of and we always make sure to go above and beyond to get these deals done, particularly during this stressful environment," commented Mike Nevins, Onyx's Vice President of Asset Management. "Our success in closing this amount of transactions in 2008 emphasizes our comprehensive capital market solutions and our ability to work with buyers and sellers in all aspects of the transaction."

About Onyx Equities, LLC
Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC was formed in 2004 and currently owns a portfolio of 3,318,000 square feet of office, retail, and industrial properties located in New Jersey, New York, Connecticut, 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.