Onyx Equities expands in Jersey City

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Onyx Equities LLC on Friday announced the acquisition of a 292,000-square-foot office building located in the waterfront district of downtown Jersey City, N.J. The value of the transaction was not disclosed. A joint venture of Denholtz Associates and Jerold Zaro sold the 15-story property located at 30 Montgomery St. Located one block from the Exchange Place PATH Station and across the street from a Bergen/Hudson Light Rail stop, the property offers 24-hour security, onsite management and retail amenities including available retail space on the corner of Greene and Montgomery streets. "The acquisition of 30 Montgomery Street is an example of Onyx Equities' ability to read the overall business and real estate marketplaces and make sound investments," said Jonathan Davis, Onyx Equities' vice president of investments, who represented Onyx in the acquisition. "The building's location near mass transit and its positioning in the heart of Jersey City's downtown is ideal, especially during...