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Dec. 28, 2012

Onyx Equities Grabs Prominent Office Building; Avison Young Hires Tri-State Pharma Industry Expert

By Veronica Grecu, Associate Editor

Onyx Equities LLC, a Woodbridge, N.J.-based private real estate investment, development and management firm, closed on one of Long Island’s largest office building sales of 2012. On December 19, Onyx completed the acquisition of Atria West—a 235,000-square-foot, Class A office building in the village of Garden City.

Shortly after finalizing the transaction with CAF Realty, Onyx appointed The Rochlin Organization of Jericho as its exclusive leasing agent. “We are excited about the opportunity to acquire a preeminent office building in Garden City,” said Jared Minatelli, senior vice president of asset management at Onyx.

The Atria West is conveniently located at 900 Stewart Ave. close to the Meadowbrook Parkway and Roosevelt Field Shopping Center, which makes it one of the top office locations for businesses seeking quality space in the area.

Constructed in 1986 for Lincoln Equities Group, the building is currently occupied by JP Morgan Chase and AT&T. According to sources familiar with the transaction, Onyx is under agreement with the Spector Group—the same architecture firm who designed the building—to design the renovations.

In further commercial real estate news, Walter Blyzniuk recently joined Avison Young’s New York City Office to establish a Tri-State market advisory and transaction services platform focused on the commercial real estate needs of pharmaceutical companies.

With an experience of more than 25 years, Blyzniuk has worked on behalf of various leading global pharmaceutical companies such as Johnson & Johnson, GSK, Elan, Mylan Pharmaceuticals and Watson Pharmaceuticals, with a focus on the North America, Europe and Asia/Pacific markets.

Prior to joining Avison Young, Blyzniuk served as a Senior Director at CBRE and the group head for its pharmaceutical business practice.

Rendering of the Atria West building courtesy of Onyx Equities LLC
Picture of Walter Blyzniuk courtesy of Avison Young
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