Cole Schotz represented Onyx Equities in its joint venture with Russo Development
Cole Schotz represented Onyx Equities in its joint venture with Russo Development in connection with an acquisition and related $67.5 million construction financing. The joint venture acquired additional adjoining parcels of the former Hess headquarters located in Woodbridge, NJ. The construction financing will be used towards developing a multi-family complex on the site. Cole Schotz also represented Onyx in the syndication of its equity interest in the JV, including related documents and filings. The firm also previously represented Onyx in its JV with Russo to acquire, finance and leaseback the office portion of the project to Hess, then ultimately sell to a third-party purchaser. Onyx Equities is a leading real estate investment and property services firm specializing in acquiring and/or managing commercial properties.
The Cole Schotz team consisted of Jordan Metzger, Alan Rubin, Samantha Epstein and Rimma Tsvasman.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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