Automobile finance provider inks lease for approximately 14,000 square feet at 260,382-square-foot office building

JLL has completed a new transaction for AmeriCredit Financial Services Inc. at 15 East Midland Avenue in Paramus, N.J., with building owner Onyx Equities LLC. The automobile finance provider signed a lease for approximately 14,000 square feet at the Class A, 260,382-square-foot building.

The tenant was represented by Frank D. Recine, executive managing director, with JLL. Building owner Onyx Equities was represented in-house by Adam Karafiol, senior vice president of leasing.

“AmeriCredit Financial considered many other options for office space throughout Bergen County,” said Recine. “In the end, company executives chose 15 East Midland Avenue due to the common area capital renovation plan and the buildings proximity to highway access and local amenities.”

AmeriCredit Financial inked a long-term lease for approximately 14,000 square feet of office space and will occupy a portion of the 3rd floor at 15 East Midland Avenue, which is located at the intersection of Midland Avenue and Route 17 in Paramus. The automobile finance provider is relocating to the building from 650 From Road in Paramus.

The five-story 15 East Midland Avenue totals 260,382 square feet of office space and was constructed in 1988. Onyx Equities acquired the Class A office building in 2017 and is in the midst of a capital improvement program to enhance the building.

The office property is well located and very accessible via the Garden State Parkway and Route 17. There are four regional malls within a 3.5 mile radius and 10 hotels within five miles of 15 East Midland Avenue.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL’s global and national corporate clients in need of real estate assistance in New Jersey. JLL’s New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.

About AmeriCredit Financial Services Inc.

AmeriCredit, formerly AmeriCredit Corp., has been a leading provider of auto finance solutions for dealers and consumers in the U.S. since 1992. The company has established expertise in originating and servicing subprime auto loans, which include auto finance contracts originated by dealers and purchased by the company. On October 1, 2010, General Motors Company (GM) acquired AmeriCredit Corp. and changed the company's name to General Motors Financial Company, Inc.. GM Financial is a wholly owned subsidiary of General Motors. The company focuses on providing unique financing products to dealers in North America to support vehicle sales. The company operates under the GM Financial name when conducting business with GM dealers. The company operates under the AmeriCredit brand when conducting business with all other dealers.

About Onyx Equites LLC

Headquartered in Woodbridge, New Jersey, Onyx Equities LLC is a leading, full-service real estate firm specializing in investment, asset repositioning and ground-up development. Since its founding in 2004, Onyx has acquired more than $2.4 billion worth of real estate assets throughout New Jersey, New York, Pennsylvania and Connecticut. Onyx has executed over $230 million in capital improvement projects under its signature repositioning program. Driving Onyx’s success is its loyalty to core geographic markets, a seasoned team of expertise in all facets of real estate, its adaptability to market conditions, and the experience gained from managing over 66 million square feet since inception. Throughout its portfolio, Onyx takes aim at increasing operational efficiency, tenant satisfaction and long-term value. For more information contact the firm at 732-362-8800, or visit http://www.onyxequities.com/.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com