Newmark has been named leasing agent for office space in Paramus, NJ owned by Onyx Equities and DRA Advisors. Newmark Vice Chairman David Simson, Executive Managing Director Jeff Schotz and Associate Director Harrison Russell are representing ownership.
The office complex with twin 250,000-square-foot, five story office buildings located at 461 From Road and 15 E. Midland Avenue have been renamed Nexus 17 North and South, respectively. The complex is conveniently located at Route 17 and the Garden State Parkway, making it widely accessible to commuters from all directions. The complex features state-of-the-art amenities, such as a corporate cafeteria, fitness facility and conference rooms and is adjacent to shopping mall Paramus Park.
Nexus 17 has a full service cafeteria that also serves the catering needs of tenants in both office towers. Recent improvements to the buildings include complete upgrade of the two atriums in each building, the elevators, corridors and bathrooms. Ownership also has plans to add a fitness facility with lockers and showers and a 50-seat conference center for Nexus 17’s office tenants.
“Our team is thrilled to be working with Onyx to attract tenants to this exciting property. The ownership team has shown a clear commitment to providing tenants modern, efficient and convenient workspaces to suit their unique needs,” said Schotz. “Nexus 17’s great location coupled with its modern and dynamic workspaces makes it one of the most sought-after office complexes in the area.”
“Nexus 17’s great offerings along with Newmark’s proven track record of success will bring the utilization of the property to new heights,” added Adam Karafiol, Senior Vice President of Leasing at Onyx Equities.
Among the office tenants already located in Nexus 17 are AT&T, Suez, AmeriCredit, Wells Fargo and SK Life Science.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.