ONYX EQUITIES, LLC PRAISES NJ TRANSIT’S $150 MILLION RENOVATION PROJECT AS CRITICAL MOMENT IN NEWARK’S ELEVATION TO CENTER OF INTERNATIONAL COMMERCE

NEWARK, N.J., December 8, 2020—“Today’s announcement represents the single most critical moment in Newark’s revival as a business location in a generation,” says John Saraceno, principal of Onyx Equities, LLC, owner and operator of Gateway 1, 2 and 4.   “Many companies are re-thinking their long-term plans, and the shared vision for Newark Penn Station among NJ Transit, the City of Newark, and the Murphy administration is sure to elevate Newark as a prospective location for businesses.

“With the improvements Onyx is making to our Gateway complex, nearly $200 million is being invested in Newark’s front door which is sure to stimulate even more activity in an area that already had renewed energy.

“Gateway’s new “Jewel Box” entryway and redeveloped concourses will provide travelers to Newark Penn Station with world-class street level and indoor access from Newark Penn Station not only to Gateway, but to the balance of the downtown business district.

“These improvements to Newark’s front door will be transformational not only because they enhance the commuter experience with a compelling retail environment, but because they provide a new customer base to Newark’s local business community.”

Onyx Equities and its partners purchased 1, 2 and 4 Gateway in 2018, immediately implementing an extensive capital improvement project that includes 10,000 square feet of street facing retail that, together with the Newark Penn Station renovations, will transform the Gateway section of Newark into a bustling center of international commerce.

For a rendering of the Jewel Box entryway click here.

About Onyx Equities, LLC

Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC is a leading, full-service real estate firm specializing in investment, asset repositioning and ground-up development. Since its founding in 2004, Onyx has acquired more than $2.2 billion worth of real estate assets throughout New Jersey, New York, Pennsylvania and Connecticut. Onyx has executed over $300 million in capital improvement projects under its signature repositioning program.  Driving Onyx’s success is its loyalty to core geographic markets, a seasoned team of expertise in all facets of real estate, its adaptability to market conditions, and the experience gained from managing over 80 million square feet since inception. Throughout its portfolio, Onyx takes aim at increasing operational efficiency, tenant satisfaction and long-term value.  For more information contact the firm at 732-362-8800 or visit www.onyxequities.com.