June 16, 2009 - Deloitte is renewing its lease of 37,224 square feet at Two Jericho Plaza in Jericho, NY. Landlord Onyx Equities, LLC did not disclose lease terms aside from saying it's a long-term deal; asking rents are reportedly in the range of $40 per square foot.

Michael Nevins, VP of asset management at Onyx Equities, says in a release that the property's location and amenities were deciding factors in Deloitte's decision to renew in place.  Adam Rochlin of the Rochlin Organization and Eric Rubenstein of Ruskin Moscou Faltischek represented the landlord in this transaction, while CB Richard Ellis vice chairman John Nugent and SVP Raymond Ruiz represented Deloitte.

Situated off Exit 40 from the Long Island Expressway, the two-building Jericho Plaza encompasses 640,000 square feet. The complex is currently 95% occupied, according to Woodbridge, NJ-based Onyx, which acquired it in 2007. In addition to Deloitte, other Jericho Plaza tenants include New York Community Bank, RBC Dain Rauscher, the Guardian, Morgan Stanley, IBM, Georgia Pacific, Travelers Insurance and Capital One Bank.

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.