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RUTHERFORD, NJ-Malo Consulting NJ LLC has signed a lease for 52,238 sf, comprised of the top two floors of Onyx Equities’ Meadows Office Complex II building at 201 Route 17 N. here. The asset is part of the 12-story, twin-building Meadows Office Complex, amounting to 577,000 sf at the intersection of Routes 17 and 3.

Malo Consulting NJ, an arm of Lisbon, Portugal-based Malo Health Group, will utilize the site as its North American headquarters. Besides offices, the two floors will house a first-class oral surgery center. The site joins similar centers operated by Malo Health in such worldwide cities as Sao Paulo, Madrid, Milan, Moscow, Paris and Melbourne.

Malo was represented by Chip Conklin, managing director in the Hackensack office of Studley, and Onyx Equities was represented by Timothy Greiner, executive managing director, and Frank Recine, managing director with Newmark Knight Frank. Terms were not released. As reported by GlobeSt.com, Onyx hired NKF to market the space in October, and additional direct availabilities in the two-building complex are listed with an asking price of $30 per sf.

“Malo Consulting had very specific requirements for their North American location,” says Michael Nevins, VP of asset management for the Woodbridge-based Onyx, which was formed by 2004. “We were able to convince them that our location in the Meadowlands submarket was the center of a wave of commercial development that would provide them with the visibility and exposure they wanted. Many of their clients will fly into the local airports, and this location fit their criteria.”

Built in the early 1980s, the Meadows Office Complex was acquired by the then year-old Onyx in early 2005. Backed by equity partner Invesco, the nascent firm picked up the landmark property as part of a three-property acquisition involving multiple sellers, with a combined sale price said to be in the $100-million range.

Onyx subsequently launched a since-completed renovation of the buildings’ common areas and lobbies, including a new façade, landscaping and sight signage, a project that cost $6 million.

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