Firm to lease, market Class A, 543,494-square-foot office property within Gateway Center complex; building located directly across from Newark Penn Station
JLL was selected by Axonic Capital LLC, Taconic Capital Advisors LP and Onyx Equities LLC as exclusive leasing agent for One Gateway Center, 7-45 Raymond Boulevard in Newark. The firm will provide a full range of leasing and marketing services for the Class A, 543,494-square-foot office building.
The JLL professionals that will be overseeing the new leasing assignment include Timothy Greiner, executive managing director and head of agency leasing for JLL in New Jersey; Blake Goodman, executive vice president; and Colleen Maguire, associate vice president. They will work closely with DJ Venn, senior vice president of asset management for Onyx Equities.
“One Gateway Center is among the most important office buildings in downtown Newark,” said Greiner. “The property is directly connected to Newark Pennsylvania Station via skybridge, making it a terrific destination for businesses requiring easy access to mass transportation in and out of Manhattan.”
The 26-story One Gateway Center was designed by Gruen Associates and constructed in 1971. The owners have launched a multimillion dollar capital improvement program for the office building, with the work to include significant street level renovations and improvements to the building’s interior concourse walkway.
In addition to the Penn Station skyway, building amenities include retail conveniences, a Hilton Hotel, restaurants and connected garage parking. The area surrounding One Gateway Center offers a wide variety of entertainment and sporting venues, three nearby universities and a myriad of shopping and dining options. The office building is adjacent to the Hilton Hotel and Conference Center.
“Onyx Equities has a long track record of redeveloping assets into highly sought-after, amenity-rich, state-of-the-art workplaces that attract businesses focused on their people,” said Goodman. “We expect One Gateway Center to be brought back to its premier status with the repositioning campaign. Major commitments by Audible, Panasonic Corp., Broadridge Financial Solutions Inc. and Mars Inc. in the past several years demonstrate the upward momentum of downtown Newark.”
Approximately 132,000 square feet remain available at One Gateway Center. Available spaces vary in size and are spread throughout the 26-story building.
“We are pleased to have this team from JLL working on what will prove to be the single most important, urban transit hub and office complex in the state of New Jersey,” said Venn.
JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. JLL’s New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
