Cushman & Wakefield announces leasing momentum at Onyx Equities’ Inwood logistics center

Manhattan, NY Cushman & Wakefield has facilitated a 25,868 s/f lease on behalf of the Onyx Equities-led partnership that owns Inwood Logistics Center, a repositioned 10-building portfolio near John F. Kennedy International Airport. ECMS Express, an end-to-end logistics solutions company, signed a deal at 95 Inip Drive, a 137,390 s/f industrial building that offers unmatched proximity to JFK for air cargo and supply chain operations.

Cushman & Wakefield’s Rico Murtha, Helen Paul, Sonny Singh, Thomas Deluca, David Frattaroli, John Giannuzzi, and Joseph Hentze, Jr. represented Onyx in the lease negotiations and are responsible for the leasing and marketing of the full portfolio. Rusty Smith of Cushman & Wakefield’s Los Angeles office represented ECMS Express in the deal.

This latest transaction builds on strong leasing activity across the portfolio, with more than 125,000 s/f of deals signed under the new ownership, a partnership between Onyx Equities and an affiliate of a global real estate private equity firm. The success demonstrates the partnership’s commitment to attract high-quality tenants through targeted capital improvements and a proactive repositioning strategy.

Additional recent leases include:

• A 36,651 s/f lease with Horizon Air Freight, a global marine logistics leader, at 475 Doughty Blvd.
• A 25,000 s/f lease with Pidy Gourmet, Inc., a renowned pastry manufacturer, at 90 Inip Dr.
• A 28,000 s/f lease with Kennedy Transport Services, LLC, a licensed freight carrier and broker, at 95 Inip Dr.
• A 10,000 s/f lease with Laundrylux, a commercial laundry equipment manufacturer and distributor, at 461 Doughty Blvd.

Onyx Equities and its partner acquired the portfolio of properties long-owned by Ben Elias Industries in 2023. Ownership has ongoing renovations and capital improvements planned to enhance Inwood Logistics Center and appeal to logistics, light manufacturing, and airport-adjacent users. Planned improvements include new roofing, LED lighting, infrastructure upgrades, and new loading capabilities, and underscore Onyx’s strategy of delivering tailored, efficient spaces that support tenant growth and operational excellence in one of the nation’s busiest air cargo hubs.

“The leasing momentum at Inwood Logistics Center highlights the strength of Onyx as an owner and investor, as well as the adaptability and prime location of the portfolio itself,” said Murtha. “ECMS Express’ lease reaffirms the value of these properties in serving JFK-focused logistics and operational needs. These buildings can accommodate a variety of users, from end-to-end logistics companies to light industrial manufacturers, and the proximity to JFK is second to none. Tenants that need to be close to the airport will not find a better located or well-managed portfolio, and the recent leasing activity underscores Onyx’s commitment to delivering efficient spaces tailored to the unique needs of modern industrial users.”

“We are thrilled to welcome ECMS Express to Inwood Logistics Center, further solidifying our vision for this portfolio as a go-to destination for premium industrial tenants near JFK,” said Matthew Flath, Onyx Equities’ senior vice president of asset management. “Our ongoing investments in renovations and property enhancements are designed to meet the evolving demands of the market, ensuring long-term value for our tenants and partners.”