1 Turnpike Plaza in Woodbridge — Courtesy: Onyx Equities
By Joshua Burd
Onyx Equities has announced a key promotion as part of an expansion of its construction team and the ongoing growth of its portfolio of office buildings.
The firm on Tuesday said it has named Kristen Pappas as its senior vice president of a new property management and construction department, which is tied to a string of high-profile acquisitions over the past year and related capital programs. The move comes a year after Pappas joined Onyx and follows a stretch in which she was integral in crafting and executing the company’s COVID-19 office repopulation plan.
She will build upon her previous responsibilities as office tenant relationship manager in addition to overseeing all capital improvement and base building upgrade projects, the firm said.
“Kristen has been an invaluable asset to Onyx, enabling us to expand our portfolio and our construction and management teams,” said John Saraceno Jr., a managing principal of Onyx Equities. “Her ability to respond to our tenants’ needs during the unprecedented circumstances of a global pandemic with grace and professionalism indicates a level of leadership that will allow us to continue to provide a superior office product to tenants in the NYC-Metro area.”
Pappas, previously Onyx’s vice president of property management and operations, will spearhead a team that manages tenant relationships and improvements for the firm’s 7 million-square-foot office portfolio. Robert Rediker, senior vice president of development, will oversee building additions and the developer’s two residential projects in Ridgewood.
“We own and operate commercial properties throughout the metro New York area and Kristen gives us the best-in-class operational expertise to further our intention to make sure the Onyx tenant experience has no equal in our marketplace,” Saraceno added. “We purchased (1.5 million) square feet in the last 12 months, necessitating our need to advance Onyx’s management and construction functions.”
Pappas holds a bachelor’s from Gettysburg College and a master’s from New York University’s Schack Institute of Real Estate, with a concentration in finance and investment.