Garrison Investment Group LP., Axonic Capital LLC, Taconic Capital Advisors L.P., Onyx Equities, LLC and Prudential Financial, Inc. acquired Three Gateway Centers in Newark, New Jersey for approximately $330 million.
January 09, 2019
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Garrison Investment Group LP., Axonic Capital LLC, Taconic Capital Advisors L.P., Onyx Equities, LLC and Prudential Financial, Inc. (NYSE:PRU) acquired Three Gateway Centers in Newark, New Jersey for approximately $330 million in late December 2018. Post completion of the acquisition, Adam Karafiol and Matthew P. Flath of Onyx will lead office and retail leasing efforts and Onyx Equities will serve as the operating arm, overseeing asset and property management, tenant relations, leasing and construction. Tim Greiner, Blake Goodman and Colleen Maguire of JLL acted as agent to Three Gateway Centers in Newark. Glenn Beyer, Jerry Rockoff, and Rob Mackowski of RKF Retail has been assigned as Retail Agent, Dana Nalbantian of Gensler was selected as project architect and Michael Goodgold of Real Estate Arts will provide rebranding and marketing assistance in the transaction. Thomas Walsh and Joseph Garibaldi of JLL' capital markets group served as investment sale broker in the transaction. Kevin O'Shea, Yaakov Sheinfeld, Alan Schacter, Max Goodman and Joel Krasnow of Milbank LLP acted as legal advisors for Garrison Investment Group and Onyx Equities, LLC.
Garrison Investment Group LP., Axonic Capital LLC, Taconic Capital Advisors L.P., Onyx Equities, LLC and Prudential Financial, Inc. (NYSE:PRU) completed the acquisition of Three Gateway Centers in Newark, New Jersey in late December 2018.
Prudential Financial, Inc. specializes in supplying financial services to private and institutional customers. Revenues break down by activity as follows:
- retirement insurance (25.4%);
- individual life insurance (11.4%);
- group insurance (10.3%): primarily life and disability insurances;
- individual fixed and variable annuity management (8.2%);
- portfolio and mutual fund management (7.5%): USD 1,524 billion in assets under management at the end of 2021;
- other (0.9%).
The remaining revenues (36.3%) are from international activities.
Revenues are distributed geographically as follows: the United States (63.8%), Japan (26.6%) and other (9.6%).
Garrison Investment Group LP., Axonic Capital LLC, Taconic Capital Advisors L.P., Onyx Equities, LLC and Prudential Financial, Inc. acquired Three Gateway Centers in Newark, New Jersey for approximately $330 million.
PRUDENTIAL FINANCIAL, INC. 
