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Onyx Equities announces redevelopment approvals & over 100,000 s/f of leasing at Hazlet Town Ctr


HAZLET NJ — Hazlet Town Center, a 200,000 s/f regional-scale shopping center on Rte. 35 received redevelopment approvals and announced 100,000 s/f of new tenants, announced Onyx Equities, which owns the property in partnership with a fund managed by Siguler Guff & Company. With more than 42,000± cars passing daily, Hazlet Town Center is at the core of a densely populated shopping corridor – surrounded by over 2 million s/f of retail within five miles. Formerly anchored by Kmart/Pathmark, the growth in population and activity in Monmouth County attracted the partners to the unique, value-add opportunity in 2016. “Our highest-and-best-use retail market knowledge aligned perfectly with the township’s goals in this redevelopment zone, which is to create the market’s premier shopping center,” said Matthew Flath, vice president of asset management at Onyx Equities. “We are excited to announce that our renovation plans have already attracted an esteemed group of new tenants.”

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