61 Paramus Road, Paramus, NJ

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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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].