Onyx Equities LLC, a leading private real estate investment, development and management firm, has purchased the Atria West, a 235,000 square foot, Class-A office building in Garden City, and has appointed The Rochlin Organization of Jericho as its exclusive leasing agent, Rochlin announced today. The deal, one of the largest office transactions of 2012 on Long Island, closed Dec. 19.
Onyx, of Woodbridge, NJ, will soon begin a capital program to upgrade the public areas of the Atria West, which is also known
as 900 Stewart Avenue. Architect Marc Spector, a principal of the Spector
Group, which designed the building, is designing the renovations.
“We are excited about the opportunity to
acquire a preeminent office building in Garden City,” said Jared Minatelli,
senior vice president of asset management at Onyx.
Atria West, the gateway to the Mitchel Field office park, is conveniently
located close to the Meadowbrook Parkway and other major highways and Roosevelt
Field Shopping Center.
strategic central Nassau County location of 900 Stewart Avenue makes it a perfect
location for businesses seeking quality space in a prestigious building,”
Rochlin said, “We are pleased that Onyx has called on The Rochlin Organization
to serve as its leasing agent.” Currently there are 77,452 square feet
available for lease,
Onyx purchased the building from CAF
Realty, which acquired the building in 2008 from Brookfield Asset Management,
of Toronto. The six-story building was
constructed in 1986 for Lincoln Equities Group, formerly in Brooklyn, and Met
Life as one of the first of many new buildings at the former Mitchel Field air
base. It was soon was sold to JPMorgan Chase, which until recently had occupied
the entire building.
The Atria West features a metal panel exterior of green
reflective glass and a 180-foot-long, 50-foot-high atrium. Its amenities include an on-site cafe, management
office, outdoor seating and tables, 24/7 access, and ample parking with 65
percent covered. A NICE bus stop (N45) is located directly in front of the
Current occupants include JP
Morgan Chase and AT&T.
Email Rochlin at
email@example.com, or call (516) 935-8300 for leasing
information at the Atria West.
About Onyx Equities
LLC is a vertically integrated operating company specializing in value-add
office, retail, industrial, and multifamily investments in the New York City
and Philadelphia metro areas. Since inception, Onyx has owned and operated more
than six million square feet. It is also the leading receiver/manager in New
York, New Jersey, Pennsylvania, and Connecticut with over 15 million square
feet of assignments.
About The Rochlin Organization
Founded in 2009, The Rochlin
Organization is located at One Jericho Plaza, 2nd Floor, B Wing, in Jericho,
N.Y., and specializes in representing corporate real estate owners and
investors. The Rochlin Organization offers strategic advice on all aspects
of real estate ownership including acquisition correspondence; disposition
execution; leasing and marketing services; property management advisement;
tenant relation strategies; lease administration services; all providing a firm
valuation approach. For more information about The Rochlin Organization
call (516) 935-8300 or visit the firm’s Internet home page: www.therochlinorganization.com