Woodbridge-based Onyx Equities LLC, a real estate firm part of the joint venture that recently acquired One, Two and Four Gateway in Newark, announced Tuesday it is moving its capital markets, asset management and construction divisions to One Gateway Center in July.
“Newark’s corporate anchors have been here for years now, drawn by ten gigabit fiber infrastructure, unmatched young talent, venture capital, residential investment, unparalleled transportation options and downtown walkability for both residents and commuters,” John Saraceno, Jr., co-founder and managing principal for Onyx Equities, said. “Both our investment in Gateway and our decision to locate here are reactions to the fact that Newark is ready-made for an era driven by locations that provide convenience and cultural energy. We’re excited to bring our staff to Newark and to work with its elected and business officials to share in helping the City reach its potential as a business magnet.”
The joint venture purchased One, Two and Four Gateway Center in December 2018 and has started interior and exterior redevelopment plans at the properties.
“Our common areas are the front door to Newark’s Downtown district and our renovation plans respond not only to the style of facility that compels today’s tenants, but to the opportunity to welcome Penn Station arrivals who will enter Newark through our Concourse. A great working environment requires nearby lifestyle perks like great shopping and dining – and our opportunity and obligation to fulfill on the potential is here,” Saraceno said. “We want to create a live-work balance that complements Newark’s energetic urban vibe and takes advantage of our proximity to mass transit.”