JLL will serve as the exclusive leasing agent for the One Gateway Center office tower in downtown Newark, it announced Friday.
The manager of the 543,494-square-foot Class A building at 7-45 Raymond Blvd. is Woodbridge-based Onyx Equities LLC and the owners are New York-based Axonic Capital LLC and Taconic Capital Advisors LP. JLL will provide them with a full range of leasing and marketing services, it said.
“One Gateway Center is among the most important office buildings in downtown Newark,” Timothy Greiner, JLL’s executive managing director and head of agency leasing in New Jersey, said in a prepared statement. “The property is directly connected to Newark Pennsylvania Station via skybridge, making it a terrific destination for businesses requiring easy access to mass transportation in and out of Manhattan.”
Greiner will oversee the assignment, along with JLL’s Blake Goodman, executive vice president, and Colleen Maguire, associate vice president, working with DJ Venn, Onyx’s senior vice president of asset management.
The 26-story building was built in 1971 and is undergoing a multimillion-dollar capital improvement program, including street-level renovations and more.
“Onyx Equities has a long track record of redeveloping assets into highly-sought-after, amenity-rich, state-of-the-art workplaces that attract businesses focused on their people,” Goodman said in a statement. “We expect One Gateway Center to be brought back to its premier status with the repositioning campaign.”
In addition to offices, the property includes a Hilton hotel, restaurants, parking and more.
JLL said a total of about 132,000 square feet of space is available at the property, with actual slots varying in size and location throughout the building.
“We are pleased to have this team from JLL working on what will prove to be the single most important urban transit hub and office complex in the state of New Jersey,” Venn said in a statement.