NEWARK, NJ—A joint venture amongGarrison Investment Group, AxonicCapital, Taconic Capital Advisors and OnyxEquities has acquired One, Two andFour Gateway Center in Newark, NJ.Prudential Financial, which has kept its globalheadquarters in Newark since its founding more than 140 years ago,will participate as a co-investment partner. The 1.6 millionsquare-foot transaction represents New Jersey's largest office dealof 2018, and brings back together under a single owner one of thestate's busiest office complexes.
“We are honored and thrilled to be part of Newark's renaissancein such a significant way. GatewayCenter is now positioned to become Newark's greatestamenity, and arguably New Jersey's most important center ofcommerce, talent and connectivity,” says JohnSaraceno, managing principal and co-founder ofOnyx Equities. Increased residential investment inNewark and Harrison coupled with an uptick in corporate relocationsto Newark sparked the joint venture's interest in theGateway Center opportunity.
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