Jul
13
Onyx Equities Sells 2 in New Jersey
ByThe real estate investment firm disposed of two office buildings owned with two separate partners, Russo Development and Rubenstein Partners.
In separate transactions, Onyx Equities, a private value-add real estate investment firm, and its joint venture partners have sold two office properties in New Jersey, including one in Basking Ridge, N.J., that underwent a $40 million repositioning.
Woodbridge, N.J.-based Onyx Equities and Rubenstein Partners sold 211 Mount Airy Road in Basking Ridge, a 307,000-square-foot suburban office property, for a reported $98.5 million. The sellers did not disclose the name of the buyer, but the Wall Street Journalreported Norfolk, Va.-based Harbor Group International paid $98.5 million for the asset…
