PARAMUS, N.J., April 10, 2017 /PRNewswire/ -- In partnership with Garrison Investment Group, Onyx Equities, LLC, announces the kick off capital improvement work at the 302,945 sq.ft. office campus known as Country Club Plaza, located at 115-117 West Century Road in Paramus, NJ.
Changes will include modernization of the lobby, common corridors, elevator cabs and the relocation of the conference facility. NORR Architects was awarded the task of replacing dated finishes and light-inhibiting structures with treatments more conducive to a productive and welcoming environment.
Purchased by the partnership in Summer of 2016, Country Club Plaza is a two-building, Class A office complex with amenities such as a full service cafeteria, fitness center and conference facility. The campus is easily accessible to the Garden State Parkway, I-80, Routes 17, and is located within close proximity to high end dining options and two country clubs.
"In our experience, repositioning an asset entails much more than leasing it up," said D.J. Venn, Onyx Equities' Executive Vice President of Asset Management. "We want to ensure that our tenants can offer current and prospective talent with what they want: abundant natural light, visual interest, and design that encourages collaboration and creativity. Asset repositioning involves transforming environments into places employees actually look forward to returning to."
"Renovations are scheduled for completion in late 2017," added Kristi Mazejy, Vice President at Garrison Investment Group. This is the third venture between Garrison and Onyx. "We are excited about the upcoming look and feel of the interior and the impending reveal to the marketplace."
About Onyx Equities, LLC
Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC is a leading private real estate investment, management and development firm. Since its founding in 2004, Onyx has acquired more than $2 billion worth of real estate assets throughout New Jersey, New York, Pennsylvania and Connecticut. Onyx has invested over $80 million in capital improvement projects under its signature, asset repositioning program. The firm has more than 60 million square feet worth of property management experience, across all property types. Onyx's Receivership and REO portfolio extends across 10 states throughout the East Coast and South East. Driving Onyx's success is its custom-developed technology platform that allows on-site and regional management teams to increase operational efficiency, tenant satisfaction and long-term value throughout its portfolio. For more information contact the firm at 732-362-8800, or visit www.onyxequities.com.
About Garrison Investment Group, LLC
Founded in 2007 and headquartered in New York, Garrison Investment Group is a leading middle market credit and asset based investor. Garrison's investment strategies focus on deploying capital in opportunities across Real Estate, Corporate Finance (corporate loans and select equity investments), Financial Assets (commercial & industrial loans and consumer loans), and Private Equity. The team of experienced professionals enables Garrison to source and execute transactions across its multiple investing disciplines. Garrison manages investor capital through a diversified set of funds including private equity format funds and corporate credit lending funds. Garrison also manages capital for third parties through various Managed Accounts. Through its affiliate, Garrison Loan Management, the firm also manages Collateralized Loan Obligations (CLOs).
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