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Cole Schotz Advises Onyx Equities on Acquisition of New Jersey Shopping Center

June 26, 2016Attorneys: Jordan J. Metzger and Michael E. Jones

Cole Schotz advised Onyx Equities, LLC in the recent acquisition of a 203,912-square-foot shopping center in Hazlet, NJ.

In partnership with a fund managed by Siguler Guff & Company, Onyx Equities purchased the property from Goodrich Hazlet LLC, an entity controlled by Goodrich Management. Cole Schotz represented the joint venture in the acquisition, and represented Onyx in its joint venture with Siguler Guff & Company.

The shopping center acquired is known as “Kmart Plaza” and is centrally located on Route 35 near the Garden State Parkway. It is situated in a major retail market in New Jersey and includes tenants such as Bank of America, TGI Friday's, Planet Fitness, GNC, GameStop and Payless Shoes.

The Cole Schotz Real Estate team was comprised of members Jordan Metzger and Michael E. Jones, associate Elizabeth Navatto and paralegal Rosanne Cohen.

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