News: Brokerage

Onyx Equities completes five leases totaling 93,332 s/f at Jericho Plaza

Onyx Equities, LLC has completed five separate leases at Jericho Plaza totaling 93,332 s/f within the 650,000 s/f, two-building class A office complex. "Jericho Plaza continues to be a vibrant and healthy office complex due to its superior location, amenity package and high quality management," said Michael Nevins, VP of asset management, Onyx Equities. "This class A complex is considered one of the area's most prominent office parks which has continuously added premier tenants to its roster." Over the past four months, Onyx Equities has successfully completed the following lease transactions within Jericho Plaza: Travelers' 35,879 s/f lease renewal and 4,299 s/f expansion. Robert Ageloff from Jones Lang LaSalle represented Travelers. Ernst & Young's 19,832 s/f new long-term lease agreement. Cushman & Wakefield's Ted Stratigos completed this transaction on behalf of Ernst & Young. Berdon, LLP's 16,115 s/f long-term lease renewal. Nathan's Famous, Inc.'s 12,582 s/f long-term lease, relocating its corporate headquarters from Westbury, New York. Vincent LaManna of CBRE and Jeffrey Lichtenberg of Fountainhead Enterprises represented the tenant. Capital One Bank's 2,876 s/f lease renewal and 1,749 s/f expansion. Adam Rochlin, of The Rochlin Organization, handled all of the new leases on behalf of Onyx and continues to market the building. "As we approach the close of 2009, we are continuing to see activity in well-maintained class A office properties, such as Jericho Plaza," said Nevins. "There are a great deal of opportunities out there for companies that are looking for quality office space and we believe that we will continue to find the right tenants, such as Nathan's and Ernst & Young."
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