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ONYX Equities marks Rockland County's largest commercial acquisition.

Byline: Linda Lindner

The joint venture between Woodbridge-based Onyx Equities LLC and AngeloGordon announced the purchase of Bradley Corporate Park, in Blauvelt, N.Y. This deal marks the largest commercial acquisition in Rockland County since 2016. The 1.2 million-square-foot industrial complex consists of 16 buildings across 180 acres.

The CBRE BoroLogistics team of Brad Cohen, Jacob Tzfanya and Jon Kamali, along with Brian Fiumara of CBRE National Partners, represented the buyers in the record-setting deal.

Onyx Equities' chief investment officer Stephen Sullivan said, "The acquisition of Bradley Corporate Center has expanded our portfolio into the high-barrier-to -entry, infill market of Rockland County. This portfolio provides our venture stable cash flow with the ability to increase revenue through strategic renovation and lease up, as well as potential fordevelopment."

The new owners plan to upgrade the existing building infrastructure and lease-up the current vacancies in the portfolio, which is about 90 percent occupied.

Bradley Corporate Park is located west of White Plains, N.Y. and only 45 minutes from Midtown Manhattan, offering convenient distribution to Tri-State area markets. The Park offers quick access to commercial corridor including I-287, The New York State Thruway, the Palisades Parkway and Route 303.

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Publication:NJ Biz
Date:May 8, 2019
Words:206
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