100 Tice Blvd. in Woodcliff Lake
By Joshua Burd
Onyx Equities LLC is taking over as asset and property manager for Gramercy Property Trust’s three-building, nearly 600,000-square-foot office portfolio in New Jersey, the firms announced.
The assignment, totaling 596,446 square feet, includes 100 Tice Boulevard in Woodcliff Lake and 6 Sylvan Way and 100 Kimball Drive in Parsippany, according to a news release. Onyx will also serve as leasing strategist in New Jersey for Gramercy, which cited the firm’s full-service management platform and track record for securing full building users within New Jersey’s suburban office buildings.
“This was a strategic decision to place these assets in the hands of a firm who is fully grounded in the Northern N.J. office leasing market, and whose platform offers one-stop-shop property management,” Peter Tubesing, managing director of Gramercy Property Trust, said in a prepared statement. “We look forward to the value Onyx will lend to the performance of these assets.”
Onyx, which is based in Woodbridge, most recently landed pharmaceutical company Daiichi Sankyo as a full-building tenant at 211 Mount Airy Road in Basking Ridge. The deal last year followed more than $10 million in upgrades at the 305,000-square-foot building.
Trent Taylor, senior vice president of office leasing at Onyx, said the firm plans on reintroducing 100 Tice and 100 Kimball Drive to the market, “in light of the recent swell in demand for quality suburban New Jersey space.”
“We are excited for the opportunity to apply our signature, value-add management and leasing formula to these assets,” Taylor said. “All three are amenity-rich, fiber heavy, Class A environments. We look forward to ensuring the amenity packages and employee services take advantage of current workplace trends.”
