Wednesday 16 September 2020

Onyx Equities acquires massive New Jersey office portfolio for $160M

Mack-Cali Realty Corp. continues to shed its suburban office buildings as it focuses on properties closer to the New Jersey waterfront. The Jersey City-based real estate investment trust recently sold a 1.5 million-square-foot office portfolio in Morris County, New Jersey, to Onyx Equities, along with partners Taconic Capital Advisors, Axonic Capital and Machine Investment Group. According to the firm, Onyx and its partners paid $160 million for the 10-building parcel. The sale comes two years



source https://therealdeal.com/2020/09/16/onyx-equities-acquires-massive-new-jersey-office-portfolio-for-160m/

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