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RUTHERFORD, NJ-Onyx Equities LLC has executed a long-term 12,282-square-foot lease agreement at 301 Route 17 N., located within the Meadows Office Complex here. The tenant is relocating from Fort Lee. CB Richard Ellis’ Richard Charles and Masahiro Tanaka represented Summit VetPharm in this transaction, while Tim Greiner of Newmark Knight Frank represented the landlord.

“This is a testament to the attractiveness of our asset and our ability to structure a transaction within these challenging market conditions,” says Michael K. Nevins, vice president of asset management, Onyx Equities. “Ultimately, Summit VetPharm was in search of a space where they would have the flexibility to grow as their company continues to expand.” While rental rates were not available, area rents tend to run in the $28 to $30 range.

The Meadows Office Complex is a class A, 577,000-square-foot, two-building office complex located at the Interchange of Routes 17 and 3 in Bergen County. Built in 1981, both buildings within this complex underwent a major $6 million renovation in 2006, which included a new facade and exterior canopies, as well as upgrades to the entry lobbies, landings and cafeteria and the installation of a new on-site fitness center.

Additional amenities include a conference center that accommodates up to 75 people, a coffee shop, concierge service and on-site property management.

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