Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RUTHERFORD, NJ-AON Consulting has leased 15,205 sf at the Meadows Office Complex, specifically the 301 building at the 600,000-sf, two-building property. The human resources and employee benefits consulting firm will relocate its offices in Lyndhurst, at 125 Chubb Ave. there, to the new location.

The buildings’ ownership, a joint venture between Onyx Equities and Invesco, was represented in the transaction by Susan Lulla and Robert Fisher. As reported by GlobeSt.com, Lincoln Equities and partners Investcorp and Crow Holdings sold the complex to Onyx and Invesco in 2005, with Lincoln staying on as leasing/management agent.

AON, meanwhile, was represented by David Sherman, Marc Trevisan and Robert Weber of CB Richard Ellis. Terms of the lease were not disclosed; available space in the complex is currently listed with an asking price of $30 per sf.

Onyx and Invesco recently completed renovations on the 12-story buildings, a project that began when the property was acquired two years ago. The multimillion-dollar capital improvement program included all of the buildings’ common areas including lobbies, exterior upgrades and a new fitness center operated by Push Fitness.

“AON was impressed with the capital improvements,” Trevisan says. “It’s one of the best maintained and operated buildings in the market, and that is evidenced by the high-credit tenants it attracts.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.