One Gateway Center in Newark
By Joshua Burd
The owners of One Gateway Center in Newark have hired JLL as the leasing agent for the 26-story office tower, less than a month after announcing plans to reposition the property.
Working on behalf of Axonic Capital LLC, Taconic Capital Advisors LP and Onyx Equities LLC, the firm said Thursday that it would provide leasing and marketing services for the 543,494-square-foot building at 7-45 Raymond Blvd. The new leasing team includes Timothy Greiner, executive managing director and head of agency leasing for JLL in New Jersey; Blake Goodman, executive vice president; and Colleen Maguire, associate vice president.
They will work closely with DJ Venn, senior vice president of asset management for Onyx Equities, in marketing about 132,000 square feet at the property.
“One Gateway Center is among the most important office buildings in downtown Newark,” Greiner said. “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.”
The news comes after the owners of the tower announced that Onyx, a Woodbridge-based developer and investor, would take over management, leasing and construction oversight of One Gateway. The firm is overseeing an effort to reposition the office building and renovate the interior concourse leading to Newark Penn Station, as well as the exterior facing the transit hub.
The property, designed by Gruen Associates and built in 1971, is also in line for street-level renovations as part of the multimillion-dollar capital improvement program, JLL said.
“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. “We expect One Gateway Center to be brought back to its premier status with the repositioning campaign.”
Goodman added that recent commitments by Audible, Broadridge Financial Solutions Inc. and Mars Inc. in recent years “demonstrates the upward momentum of downtown Newark.”
One Gateway is also connected to a Hilton Newark Penn Station, also offering access to restaurants and connected garage parking.
“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.