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Cole Schotz represented Onyx Equities in its joint venture with Russo Development

May 14, 2020Attorneys: Jordan J. Metzger, Alan Rubin, Samantha B. Epstein and Rimma Tsvasman
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.
 

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