Onyx, Garrison Expand Bergen Office Portfolio with Mack-Cali Leasehold Buy

61 Paramus Road, Paramus, NJ

PARAMUS, NJ—A joint venture of Onyx Equities and Garrison Investment Group have acquired the leasehold interest in 61 South Paramus Road, a 285,000 square-foot office building located in Paramus, NJ, from Mack-Cali Realty Corporation. Financial details were not disclosed.

The Onyx/Garrison Bergen County office portfolio now includes 1.4 million square feet across six assets located throughout Paramus and Rochelle Park, NJ, along the highly-desirable Garden State Parkway Corridor:

• 61 South Paramus Road, a five-story, 285,000-square-foot office building located in Paramus at Exit 161 of the Garden State Parkway.
• 461 From Road, a five-story, 260,962-square-foot office building located in Paramus at the intersection of Route 17 and Midland Avenue.
• 15 East Midland Avenue, a five-story, 260,832-square-foot office building located in Paramus just off Exit 165 of the Garden State Parkway.
• 365 West Passaic Street, a five-story, 218,492-square-foot office building located in Rochelle Park and situated at Exit 160 of the Garden State Parkway.
• 395 West Passaic Street, a four-story, 107,969-square-foot office building located in Rochelle Park and situated at Exit 160 of the Garden State Parkway.
• 115-117 West Century Road, a two-building office campus totaling 302,945 square feet, located in Paramus just off Route 17 and the Garden State Parkway. The partnership’s common area renovations are nearing completion here.

Onyx/Garrison’s Bergen County portfolio affords current and prospective tenants the option to grow, relocate, and modify their space within the same geographic market through one point of contact.