{"id":1004200586,"date":"2017-12-15T05:39:25","date_gmt":"2017-12-15T13:39:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004200586"},"modified":"2022-12-08T17:47:17","modified_gmt":"2022-12-09T01:47:17","slug":"onyx-equities-jv-expands-nj-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/","title":{"rendered":"Onyx Equities JV Expands NJ Office Portfolio"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004200587\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004200587\" data-attachment-id=\"1004200587\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/bergen-county-portfolio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1513166806&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Bergen County Portfolio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bergen County portfolio&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg?w=800\" class=\"wp-image-1004200587 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg\" alt=\"Bergen County portfolio\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004200587\" class=\"wp-caption-text\">Bergen County portfolio map<\/p><\/div>\n<p>Onyx Equities, in a joint venture with Garrison Investment Group, has acquired the leasehold interest from Mack-Cali Realty Corp. for an office building located in Paramus, N.J.\u00a0<\/p>\n<p>This deal marks the fifth venture between Garrison and Onyx, expanding its Bergen County portfolio to a total of 1.4 million square feet across six properties in Paramus and Rochelle Park.\u00a0\u00a0<\/p>\n<p>Located at 61 S. Paramus Road, the 285,000-square-foot asset features five levels. This acquisition joins the five-story, 260,962-square-foot 461 From Road in Paramus; the five-story,\u00a0260,832-square-foot 15 E. Midland Ave. in Paramus; the five-story,\u00a0218,492-square-foot 365 W. Passaic St. in Rochelle Park; the four-story,\u00a0107,969-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/cw-tapped-to-lease-nj-office-portfolio\/\">395 W. Passaic St. in Rochelle Park<\/a> and a two-building office campus located at 115-117 W. Century Road in Paramus.\u00a0<\/p>\n<p><em>\u201c61 South Paramus has the potential to be one of Bergen County\u2019s best intuitional office buildings. It currently houses significant corporate operations and is situated in one of the most highly sought-after office locations,\u201d<\/em> said Stephen Sullivan, chief investment officer at Onyx Equities, in prepared remarks.<\/p>\n<p>All of the properties are located off several of the largest thoroughfares in the state, including Route 17, Route 4, Interstate 80 and Garden State Parkway. In addition, the properties are situated near the largest shopping, dining and recreational centers in the area, including The Paramus Park Mall and The Garden State Plaza.<\/p>\n<p>Cole Schotz P.C. and Milbank, Tweed, Hadley &amp; McCloy LLP represented the buyer. The HFF investment sales team of Senior Managing Director Jose Cruz, Managing Director Kevin O\u2019Hearn, Senior Directors Michael Oliver and Stephen Simonelli and Director Marc Duval represented the seller.\u00a0<\/p>\n<p><em>Image courtesy of Onyx Equities and Garrison Investment Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition marks Onyx Equities&#8217; and Garrison Investment Group&#8217;s fifth venture, expanding the joint portfolio to 1.4 million square feet.<\/p>\n","protected":false},"author":746,"featured_media":1004200587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1600,21742,10,21747],"tags":[34205,33554,33745],"class_list":["post-1004200586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-garrison-investment-group","tag-mack-cali-realty-corporation","tag-onyx-equities-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Onyx Equities JV Expands NJ Office Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Onyx Equities JV Expands NJ Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"The acquisition marks Onyx Equities&#039; and Garrison Investment Group&#039;s fifth venture, expanding the joint portfolio to 1.4 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-15T13:39:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:47:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/\",\"name\":\"Onyx Equities JV Expands NJ Office Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg\",\"datePublished\":\"2017-12-15T13:39:25+00:00\",\"dateModified\":\"2022-12-09T01:47:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Bergen-County-Portfolio.jpg\",\"width\":800,\"height\":620,\"caption\":\"Bergen County portfolio\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/onyx-equities-jv-expands-nj-office-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Onyx Equities JV Expands NJ Office Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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