PARAMUS, NJ—A joint venture of OnyxEquities and Garrison Investment Grouphave acquired the leasehold interest in 61 South ParamusRoad, a 285,000 square-foot office building located inParamus, NJ, from Mack-Cali Realty Corporation. Financial detailswere not disclosed.
The Onyx/Garrison BergenCounty office portfolio now includes 1.4 million squarefeet across six assets located throughout Paramus and RochellePark, NJ, along the highly-desirable Garden State ParkwayCorridor:
- 61 South Paramus Road, a five-story,285,000-square-foot office building located in Paramus at Exit 161of the Garden State Parkway.
- 461 From Road, a five-story,260,962-square-foot office building located in Paramus at theintersection of Route 17 and Midland Avenue.
- 15 East Midland Avenue, a five-story,260,832-square-foot office building located in Paramus just offExit 165 of the Garden State Parkway.
- 365 West Passaic Street, a five-story,218,492-square-foot office building located in Rochelle Park andsituated 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 andsituated at Exit 160 of the Garden State Parkway.
- 115-117 West Century Road, a two-buildingoffice campus totaling 302,945 square feet, located in Paramus justoff Route 17 and the Garden State Parkway. The partnership's commonarea renovations are nearing completion here.
Onyx/Garrison's Bergen County portfolio affordscurrent and prospective tenants the option to grow, relocate, andmodify their space within the same geographic market through onepoint of contact.
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